Banking in Uganda

Multigate Secures Money Remittance Business Licenses for Uganda and Nigeria

Retrieved on: 
Jeudi, octobre 5, 2023
Transfer, BFI Production Board, Acquisition, Non-bank financial institution, Multigate device, FINTRAC, World Bank, Central bank, ISO, Banking in Uganda, Central Bank of Nigeria, Bank, International Money Transfers System Leader, MSB, African

These Money Remittance Business licenses are in addition to Multigate’s Money Services Business (MSB) registration with the Canadian FINTRAC.

Key Points: 
  • These Money Remittance Business licenses are in addition to Multigate’s Money Services Business (MSB) registration with the Canadian FINTRAC.
  • “The acquisition of a Money Remittance Business licenses from the Bank of Uganda and from the Central Bank of Nigeria, following the same from Canada, further strengthens our position as a trusted solutions provider that takes regulations seriously.
  • With these licenses, we are excited and prepared to expand our cross-border payment solution to our valued clients and partners in Uganda and Nigeria,” said Eghosa Nehikhare, CEO of Multigate.
  • Whilst Nigeria accounts for 38% of remittances in Sub-Saharan Africa, it is predicted that Uganda’s remittance growth rate will double that of Nigeria.

Greenberg Traurig Successful in Establishing Jurisdiction for Crane Bank and its Shareholders in the Court of Appeal

Retrieved on: 
Mardi, août 15, 2023
One Essex Court, DFCU, Court of appeal (Belgium), Crane Bank, Public policy, Lawsuit, Greenberg Traurig, Blackstone, Infrastructure Development Finance Company, Blackstone Chambers, Bank, Banking in Uganda, Corruption

LONDON, Aug. 15, 2023 /PRNewswire-PRWeb/ -- A long-running lawsuit involving claims exceeding US $200 million, relating to a Ugandan bank, will be heard by the English courts following a victory for Crane Bank and its shareholders in the Court of Appeal. (CA-2022-002042)

Key Points: 
  • A long-running lawsuit involving claims exceeding US$200 million, relating to a Ugandan bank, will be heard by the English courts following a victory for Crane Bank and its shareholders in the Court of Appeal.
  • LONDON, Aug. 15, 2023 /PRNewswire-PRWeb/ -- A long-running lawsuit involving claims exceeding US $200 million, relating to a Ugandan bank, will be heard by the English courts following a victory for Crane Bank and its shareholders in the Court of Appeal.
  • The ruling from the Court of Appeal found that Crane Bank and its shareholders' claims are not barred by the foreign act of state doctrine.
  • The team instructed Lord David Pannick KC of Blackstone Chambers and Hannah Brown KC, David Caplan, and Ben Lewy of One Essex Court.

Zimbabwe Banking Industry Report 2020: Features Profiles on 24 Companies Including The Reserve Bank of Zimbabwe, CBZ, Ecobank, GetBucks, and Infrastructure Development Bank

Retrieved on: 
Mardi, mars 3, 2020
Economy, Banking in Uganda, Economic development, Microfinance, Poverty, Social economy, Ecobank, Bank, Development finance institution, Ecobank Zimbabwe, AccessBank Liberia

DUBLIN, March 3, 2020 /PRNewswire/ -- The "The Banking Sector in Zimbabwe 2020" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, March 3, 2020 /PRNewswire/ -- The "The Banking Sector in Zimbabwe 2020" report has been added to ResearchAndMarkets.com's offering.
  • This report on The Banking Sector in Zimbabwe includes commercial banks, merchant banks and building societies, the central bank, development finance institutions, and other credit granting facilities including microfinancing.
  • There are profiles of 24 companies including the Reserve Bank of Zimbabwe, commercial banks such as CBZ and Ecobank, microfinance banks such as GetBucks and development finance institutions including the Infrastructure Development Bank.
  • The Reserve Bank's Microfinance Development Committee was established to develop a microfinance development strategy for financial institutions to serve the low income and marginalised groups.

2020 Outlook into the Banking Sector in Nigeria - ResearchAndMarkets.com

Retrieved on: 
Vendredi, février 28, 2020
Banking, Professional services, Financial services, Economy, Kampala District, Finance, Banking in Uganda, Banks, Ecobank Nigeria, Ecobank, Guaranty Trust Bank, Central bank, First Bank of Nigeria, Global Banking & Finance Awards

This report on Nigeria's banking industry covers financial institutions which include banks, other credit granting, lease financing, and loyalty and reward programmes, as well as central banking.

Key Points: 
  • This report on Nigeria's banking industry covers financial institutions which include banks, other credit granting, lease financing, and loyalty and reward programmes, as well as central banking.
  • The report covers financial institutions which include banks, other credit granting, lease financing, and loyalty and reward programmes, as well as central banking.
  • The report includes comprehensive information on the state and size of the sector and factors that influence it.
  • There are profiles of 34 companies including major banks First Bank of Nigeria, Guaranty Trust Bank, United Bank for Africa, Access Bank, Polaris Bank, Ecobank Nigeria, and Zenith Bank.

South Africa Banking Market Report 2018: Focus on Central Bank Services, Islamic Finance, Automotive Financing, Retail, Reward & Loyalty, & Direct Home Loans

Retrieved on: 
Mardi, février 26, 2019
Economy, Financial services, Finance, Banks, Bank, Banking, Economic history of Italy, Central bank, Credit, Banking in Uganda, Banking and insurance in Iran

DUBLIN, Feb. 26, 2019 /PRNewswire/ -- The "The Banking Industry in South Africa 2018" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Feb. 26, 2019 /PRNewswire/ -- The "The Banking Industry in South Africa 2018" report has been added to ResearchAndMarkets.com's offering.
  • The South African banking sector which has total assets of R5.14-trillion, remains highly concentrated with the five largest banks holding 91% of total assets as of 31 December 2017.
  • While the country's big banks dominate, the sector is also diversified with 36 South African banking institutions registered with the Reserve Bank and 30 foreign banks with approved representative offices in South Africa.
  • As well as focusing on developments in the commercial banking sector, the detailed Banking Industry report includes information on Other Credit Granting, Lease Financing, and Loyalty and Reward Programmes.