The upgraded version of Ecobank’s revolutionary mobile app has attracted 3 million new customers in just 6 months, taking the total number of users to 4 million. The app builds on the core functionality that saw the original version applauded as a game changer for African banking by using digital...
Stanbic Bank has on Wednesday released its 2017 full year financial results with the bank registering a solid performance driven by the banks strategic contribution to the Ugandan economy. Announcing the results at a press briefing today Patrick Mweheire the Chief Executive said, the bank played a key role in...
Stanbic Bank Uganda on Friday hosted its third annual ACI Uganda Financial Market Association’s members - which brings together financial dealers and representatives from commercial bank treasury departments, to discuss and analyse the linkages between private sector credit and GDP growth as well as the impact of Bank of...
The African Development Bank (AfDB) has approved a loan of USD$30 million to support the establishment of the Rwanda Innovation Fund (RIF), which aims to promote the innovation economy in Rwanda and the East African Community (EAC). The funding will be used to establish an investment vehicle focused on funding...
Stanbic Bank Uganda has on Monday launched its 2nd annual National School Championship; a competition that aims to encourage and challenge students from various secondary schools countrywide in critical thinking and provide exposure to vast knowledge beyond their classrooms at the Kampala Serena Hotel. The annual challenge was official...
Standard Chartered Bank has on Friday announced the official launch of its digital bank in Cote d’Ivoire. This marks the Bank’s first digital bank in Africa and the first-of-its-kind to open in Cote d’Ivoire. The launch featured the Minister of ICT Mr. Bruno Nabagné KONE, as the guest of...
More than 2.5 billion people around the world – many of them in Africa – lack formal identification that enables them to access to financial and government services, according to the United Nations and the ID2020 project. What’s more, less than 10% of adults in low and middle-income countries are on...
In most developed countries building a house is a capital-intensive venture which requires a well-developed plan and readily available finances. This ensures the construction starts and is completed on time and the quality of the build is generally not compromised. In Uganda however as in many developing countries most people...
Lloyds Banking Group Plc. said on Sunday it would ban its credit card customers from buying Bitcoin and other cryptocurrencies. ”Across Lloyds Bank, Bank of Scotland, Halifax and MBNA, we do not accept credit card transactions involving the purchase of cryptocurrencies,” a company spokeswoman said in an email. Britain's biggest mortgage...
Bitcoin’s popularity and the emergence of about 1,500 other digital coins or tokens have drawn more hackers into the red-hot cryptocurrency space, expanding opportunities for crime and fraud, cybersecurity firm Digital Shadows warned in a report on Thursday. “Cybercriminals follow the money and right now they see in the unregulated...