Neobank 4G Capital raises $18.5m to scale business in Kenya, Uganda
African neobank 4G Capital has secured $18.5m in its Series C funding round from private equity fund Lightrock. 4G Capital will use…
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I&M Holdings acquires Uganda’s Orient Bank
I&M Holdings, a banking group in Kenya, has acquired 90% share in Orient Bank for an undisclosed amount. I&M purchased…
MasterCard, UBA partner to boost financial services sector in Uganda
MasterCard has teamed up with the Uganda Banker’s Association (UBA) to develop a framework that will strengthen the local financial…
Ugandas central bank offloads majority stake in Imperial Bank Uganda
The central bank of Uganda has sold a 58.6% stake in Imperial Bank Uganda to Tanzanias Exim Bank, ending its…
Standard Bank expands InstantMoney service to Botswana, Uganda
South Africa-based Standard Bank has expanded its InstantMoney payment solution to Botswana and Uganda as part of its strategy to…
Barclays launches Shilling Credit Card in Uganda
Barclays Bank of Uganda has launched the new Uganda Shilling Credit Card in addition to the re-launching of Prestige Banking…
KCB to launch Islamic banking services in Kenya
Kenya-based KCB Bank is gearing up to launch Islamic banking products through its entire branch network, aiming to boost market…
GTBank to deploy ICS BANKS at Kenya, Uganda and Rwanda units
Africa-based Guaranty Trust Bank (GTBank) is to deploy ICS BANKS, developed by ICS Financial Systems (ICSFS), at its newly acquired…