Banking

Nakalema’s Unit Halts Bank’s Attempt to Sell Investors’ Land

Justice Patricia Mutesi, from the Commercial Division of the High Court, issued an administrative order on January 5, 2024, putting…

Stanbic Bank Prevails in shs 287 Billion Lawsuit Against Kenyan Investor

The Court of Appeal has ruled in favor of Stanbic Bank, dismissing a shs 287 billion case filed by Kenyan…

African Nations Unite for Intra-Continental Payments

Christopher Adam, a development economist specializing in African exchange rate policies, sheds light on the upcoming Pan African Payment and…

Soko Uganda and UGAFODE Partner to Digitally Empower Women Refugees

Microfinance institutions are joining forces with fintechs to promote banking among refugees, particularly women. Soko Uganda and UGAFODE Uganda have…

Court Rules Bank of Africa Breached Contract by Freezing Customer’s Account

The High Court in Kampala has declared that Bank of Africa breached its contract with Victoria Candles Limited by freezing…

Police Deploy at Tororo SACCO Offices as Angry Members Demand Delayed Savings

Members of Sawa East Africa Limited Sacco in Tororo have expressed their frustration over delayed savings, leading to police deployment…