Category: Exclusive Interviews

INTERVIEW: Richard Yego Shares Insights On Managing MTN Mobile Money As A Separate Firm

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Following the enactment of the National Payment Systems (NPS) Act, 2020, MTN Uganda’s telco and fintech business was separated leading to the creation and licensing of MTN Mobile Money Uganda Limited in 2021. We caught up with the newly appointed Managing Director of MTN Mobile Money Uganda Limited, RICHARD YEGO, for his initial interview with the media since his appointment, during which he discussed the company’s focus for the year and shared insights on the mobile money industry.

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INTERVIEW: Dfcu’s Chief Executive Mathias Katamba Explains Facts Behind The Figures In 2021 Financials

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Spread the love IBY BANKERS REPOTER Following the release of the 2021 financial results, we held a one – on – one interview with Mathias Katamba, the Chief Executive Officer of dfcu Bank, the main trading subsidiary of dfcu Limited. What are the highlights of the Bank’s performance? We delivered strong topline growth with a 21% increase in operating income driven by a 17% increase in net interest income and a 35% increase in non-interest income. We also achieved a 26% reduction in interest expense, and improved operational efficiency demonstrated…

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EXCLUSIVE INTERVIEW: Meet Ivan Kanyali, the WorldRemit Uganda Country Manager

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Spread the love More than 244 million people are classified as immigrants around the world and account for large percentages of populations in countries like the United States. The Bank of Uganda reported that remittance inflows into Uganda were USD1. 2 billion or sh4.3 trillion in 2020 which was a reduction of $ 200 million from 2019 due to the COVID-19 pandemic.  Ivan Kanyali, the Country Manager, WorldRemit Uganda, a cross-border digital payments service provider shared some sector insights in an exclusive interview with Bankers Journal on the disruption caused…

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A Chat With TikTok’s Fortune Mgwili-Sibanda

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Spread the love Fortune Mgwili-Sibanda is the Director Public Policy for TikTok (ByteDance) in Africa. Here he spares a moment to answer a few questions from consumers… Where does TikTok store user data, and how can we be sure of its safety? The privacy and security of our users is a top priority for TikTok. We are committed to providing a safe and protected platform for our users now and going forward. We have a transparent Privacy Policy that describes the information we process to support our products and features.…

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ONE ON ONE: MultiChoice Managing Director Hassan Saleh Explains Subscription Prices

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Spread the love What is DSTV/Multichoice doing to encourage the growth and development of the local content industry? As MultiChoice Uganda, we pride ourselves on our intent to grow Uganda’s local content industry. The introduction of Pearl Magic in 2018, followed by the launch of Pearl Magic Prime in February this year, and Uganda’s inclusion in Maisha Magic Movies and Honey TV, which all expose our talent outside of Uganda, have steadily grown the presence of Ugandan content to the world. Shows like Sanyu and Prestige have grown tremendously since…

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BANCASSURANCE PRODUCTS: How To Tap Into Standard Chartered’s Sh950m Educare Offering

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Spread the love Bancassurance is a partnership between an insurance company and any banking institution for purposes of distributing insurance products to the bank’s clients. This channel helps insurers reach new markets with minimal investments since all infrastructure belongs to the bank and the banks earn commission as an intermediary. Martha Aheebwa, Head Bancassurance at Standard Chartered Bank explained more about the bank’s newly launched customized Bancassurance products. Standard Chartered Bank launched Bancassurance two years ago with motor, travel, property, and business insurance but has 2 new products. Tell us…

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If A Loan Is Restructured Such That The Given Credit Relief Ends After September 30, 2021, How Is This Treated? BOU’s Tumubweinee Twinemanzi Explains

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Spread the love In April 2020, Bank of Uganda (BOU) put in place Credit Relief Measures (CRM) aimed at maintaining Financial Stability, and reducing the Economic Impact of COVID-19. Guidelines were also issued to Supervised Financial Institutions (SFIs) including Commercial Banks, Credit Institutions, and Microfinance Deposit-taking Institutions (MDIs) on how to apply the measures. In February 2021, BOU extended the validity of the CRM for six months to September 30, 2021. Further, on May 4, 2021, BOU capped the number of allowable restructurings to a maximum of three, and SFIs…

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INTERVIEW: Ann Juuko Explains How Stanbic Made sh154b in Six Months

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Spread the love BY BANKERS REPORTER How has Stanbic performed during this period considering the challenging economic environment? The first half of 2021 was rather challenging given the tough macro-economic environment especially as the nation continues to battle the impact of the COVID-19 pandemic. Despite that, Stanbic remained resilient managing to post a good performance in this first half while implementing a robust strategy to support economic recovery. Customer deposits increased by 9.5% from sh5.2 trillion in June 2020 to sh5.7 trillion in June 2021. We saw significant growth in…

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