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Banking In Uganda
Before Uganda's independence in 1962, the main banks in Uganda were Barclays (UK based); Grindlays (also UK), Standard Bank (South Africa based) and the Bank of Baroda from India. The currency was issued by the East African Currency Board, a London-based body. In 1966, the Bank of Uganda (BoU), which controlled the issue of currency and managed foreign exchange reserves, became the central bank and national banking regulator. The government-owned Uganda Commercial Bank and the Uganda Development Bank were launched in the 1960s. The Uganda Development bank was a state-owned development finance institution, which channeled loans from international sources into Ugandan enterprises and administered most of the development loans made to Uganda. The East African Development Bank (EADB), established in 1967, was jointly owned by Uganda, Kenya, and Tanzania. It was also concerned with development finance. It survived the breakup of the East African Community in 1977 and received a new c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Uganda
}), is a landlocked country in East Africa East Africa, Eastern Africa, or East of Africa, is the eastern subregion of the African continent. In the United Nations Statistics Division scheme of geographic regions, 10-11-(16*) territories make up Eastern Africa: Due to the historical .... The country is bordered to the east by Kenya, to the north by South Sudan, to the west by the Democratic Republic of the Congo, to the south-west by Rwanda, and to the south by Tanzania. The southern part of the country includes a substantial portion of Lake Victoria, shared with Kenya and Tanzania. Uganda is in the African Great Lakes region. Uganda also lies within the Nile, Nile basin and has a varied but generally a modified equatorial climate. It has a population of around 49 million, of which 8.5 million live in the Capital city, capital and largest city of Kampala. Uganda is named after the Buganda kingdom, which encompasses a large portion of the south of the country, includi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Daily Monitor
The ''Daily Monitor'' is a Ugandan independent daily newspaper. Its name is shared by the ''Saturday Monitor'' and ''Sunday Monitor'', which are also published by Monitor Publications Limited. ''Daily Monitor'' averaged a daily circulation of 24,230 newspapers in September 2011. By the fourth quarter of 2019, that figure had dropped to 16,169 copies daily. Location The headquarters of the ''Daily Monitor'' and the Daily Monitor Publications, as well as the printing press of the newspaper, are located at 29-35 8th Street (Namuwongo Road) in the Industrial Area of Kampala, Uganda's capital and largest city. Overview The newspaper was established in 1992 as ''The Monitor'', and relaunched as the ''Daily Monitor'' in June 2005. The paper asserts that its private ownership guarantees the independence of its editors and journalists. The newspaper headquarters are housed in the same building that houses the other investments owned by Monitor Publications Limited, including ''Daily Monit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Bank For Africa (Uganda)
United Bank for Africa Uganda Limited, also UBA Uganda, is a commercial bank in Uganda. It is licensed by the Bank of Uganda, the central bank and national banking regulator. UBA Uganda is a subsidiary of the United Bank for Africa, headquartered in Lagos, Nigeria, with a presence in twenty African countries, the United Kingdom, France, and the United States. The stock of UBA Transnational trades on the Nigeria Stock Exchange under the symbol UBA. Location The headquarters of UBA Uganda are located at Plot 2, Jinja Road, in the central business district of Kampala, the capital and largest city in Uganda. The geographical coordinates of the bank's headquarters are:00°18'49.0"N, 32°35'17.0"E (Latitude:0.313611; Longitude:32.588056). Overview UBA Uganda is a retail bank that serves small and medium enterprises (SMEs), large corporations and individual customers. As of 31 December 2021, UBA Uganda's total assets were USh (approx. US$155.82 million), with shareholders ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Global Trust Bank (Uganda)
Global Trust Bank (Uganda) Limited (GTBU), commonly referred to as Global Trust Bank (GTBU), was a commercial bank in Uganda which started operations in 2008 and was closed down in 2014. Its headquarters were located in a five-storey building on Kampala Road in the center of Uganda’s capital, Kampala. It was licensed as a commercial bank by Bank of Uganda, the central bank and national banking regulator. The bank was a small financial services provider in Uganda. , its total asset valuation was approximately US$35.1 million (UGX:85 billion), with shareholders' equity of about US$17.2 million (UGX:41.53 billion). Available reports indicate that the bank broke even in 2011 and began making profits in 2012. Global Trust Bank was evaluating the introduction of Sharia banking in Uganda. Ownership , Global Trust Bank was 45.3% owned by Nigeria’s largest insurance company Industrial and General Insurance Company Plc. (IGI). The remaining 54.7% was owned by four corporate in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Guaranty Trust Bank (Uganda)
Guaranty Trust Bank (Uganda), commonly referred to as GT Bank (Uganda), is a commercial bank in Uganda. It is one of the commercial banks licensed by Bank of Uganda, the central bank of that country and the national banking regulator. GT Bank (Uganda) is a retail financial services institution that provides commercial banking services to individuals and small to medium-sized corporate clients. , the asset valuation of the bank was estimated to be US$30.63 million ( USh 104.9 billion), with shareholders' equity of US$11 million (USh 39.7 billion) GT Bank (Uganda) is a subsidiary of Guaranty Trust Bank (GTB), a Nigerian financial services conglomerate with assets in excess of ₦2,525 billion . History GT Bank (Uganda) was founded in 2008 as Fina Bank (Uganda), a subsidiary of the Fina Bank Group based in Kenya. In 2013, the Group sold 70 percent shareholding to GTB for a cash consideration of US$100 million. In January 2014, the bank rebranded ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Equity Bank Uganda Limited
Equity Bank Uganda Limited (EBUL), is a commercial bank in Uganda. It is licensed by the Bank of Uganda, the central bank and national banking regulator. EBUL is a subsidiary of Equity Group Holdings Limited, a financial service conglomerate with headquarters in Kenya and subsidiaries in six countries of the African Great Lakes Region. Location The bank maintains its headquarters and main branch in Janani Luwum Church House, at 34 Kampala Road, in the central business district of Kampala, Uganda's capital and largest city. The geographical coordinates of the bank's headquarters are. Overview The bank provides banking services to individuals and to small and medium business enterprises. As of 31 December 2019, the bank's total assets were valued at UGX:1.63 trillion ($464.84 million). By 30 June 2020, the bank's total assets had grown to UGX1.823 trillion ($520 million). In December 2020, EBUL's total assets were valued at USh:2.069 trillion (US$590 million). At that time, it was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
KCB Bank Uganda Limited
KCB Bank Uganda Limited, also KCB Bank Uganda, is a commercial bank in Uganda. It is licensed by the Bank of Uganda, the central bank and national banking regulator. Location Te headquarters of KCB Bank Uganda are located at Commercial Plaza Complex, 7 Kampala Road, in the central business district of Kampala, Uganda's capital city. The geographical coordinates of the bank's headquarters are: 0°18'46.0"N, 32°35'12.0"E (Latitude:0.312778; Longitude:32.586667). Overview KCB Bank Uganda focuses on meeting the banking needs of individuals, corporate entities and small to medium enterprises. As of 31 December 2018, KCB Uganda had assets of KES:18.77 billion (US$176 million). Kenya Commercial Bank Group Kenya Commercial Bank Uganda is a wholly owned subsidiary of the KCB Group, a financial services conglomerate, headquartered in Nairobi, Kenya, with subsidiaries in Kenya, Tanzania, Rwanda, South Sudan, Burundi and Uganda, with a representative office in Ethiopia. The shares of s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parliament Of Uganda
The parliament of Uganda is the country's legislative body. Unicameral, the most significant of the Ugandan parliament's functions is to pass laws that will provide good governance in the country. The government ministers are bound to answer to the people's representatives on the floor of the house. Through the various parliamentary committees, parliament scrutinises government programmes, particularly as outlined in the ''State of the Nation'' address by the president. The fiscal issues of the government, such as taxation and loans need the sanction of the parliament, after appropriate debate. Composition The Parliament has a total of 529 seats, including 353 representatives elected using first-past-the-post voting in single winner constituencies. Using the same method, 146 seats reserved for women are filled, with one seat per district. Finally, 30 seats are indirectly filled via special electoral colleges: 10 by the army, 5 by youths, 5 by elders, 5 by unions, and 5 by peopl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Vision
The ''New Vision'' is a Ugandan English-language newspaper published daily in print form and online. Overview ''New Vision'' is one of two main national English-language newspapers in Uganda, the other being the ''Daily Monitor''. It is published by the Vision Group, which has its head office on First Street, in the Industrial Area of Kampala, Uganda's capital and largest city in that East African country. History It was established in its current form in 1986 by the Ugandan government. It was founded in 1955 as the ''Uganda Argus'', a British colonial government publication. Between 1962 and 1971, the first Obote government kept the name of its daily publication as ''Uganda Argus''. Following the rise to power of Idi Amin in 1971, the government paper was renamed ''Voice of Uganda''. When Amin was deposed in 1979, the second Obote government named its paper ''Uganda Times''. When the National Resistance Movement seized power in 1986, the name of the daily newspaper was chan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Barclays Bank Of Uganda
Absa Bank Uganda Limited, formerly known as Barclays Bank of Uganda Limited, is a commercial bank in Uganda. It is licensed by the Bank of Uganda, the central bank and national banking regulator. The bank is a subsidiary of Absa Group Limited, a financial services conglomerate, based in South Africa, with banking subsidiaries in 12 African countries and representative offices in two other African countries. Absa Bank Group, whose shares trade on the JSE Limited, was reported to have total assets in excess of US$91 billion, as of October 2019. Overview The bank is primarily involved in meeting the banking needs of individuals, small and medium-sized businesses (SMEs), and large corporations. Before 2006, the bank focused on meeting the banking needs of only large corporations and high-net-worth individuals. That focus was loosened to include SMEs and regular customers. As of December 2021, the bank's total assets were valued at UGX:3.9 trillion (US$1.1 billion), with shareholde ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Conglomerate (company)
A conglomerate () is a multi-industry company – i.e., a combination of multiple business entities operating in entirely different industries under one corporate group, usually involving a parent company and many subsidiaries. Conglomerates are often large and multinational. United States The conglomerate fad of the 1960s During the 1960s, the United States was caught up in a "conglomerate fad" which turned out to be a form of speculative mania. Due to a combination of low interest rates and a repeating bear-bull market, conglomerates were able to buy smaller companies in leveraged buyouts (sometimes at temporarily deflated values). Famous examples from the 1960s include Ling-Temco-Vought,. ITT Corporation, Litton Industries, Textron, and Teledyne. The trick was to look for acquisition targets with solid earnings and much lower price–earnings ratios than the acquirer. The conglomerate would make a tender offer to the target's shareholders at a princely premium to the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nile Bank Limited
Nile Bank Ltd was a private bank registered in Uganda, with shareholders from Uganda, Israel, and South Africa. Nile Bank has an emphasis on consumer banking. History Nile Bank was established in 1988 for the purposes of providing banking services to the public at a time when low cost banking was almost non-existent in Uganda. By 1992 the bank had two branches and has since expanded to six branches including branches in Mbarara, Entebbe and Jinja. The bank has around 90,000 customers and in January 2003, Nile Bank became one of the first Ugandan banks to receive ISO certification. In June 2007 Nile Bank was purchased by Barclays bank. Barclays decided to merge the two client-bases and do an IT systems upgrade at the same time. Operations Automated telling Nile Bank's operations are centered in the capital city of Kampala. The bank has invested in providing 24-hour banking services to its target mass market. The bank has 21 Automated Teller Machines (ATMs) in and ar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
