PICTORIAL: Emotions run high as friends, colleagues bid farewell to MTN Uganda CEO Wim Vanhelleputte

YOTV Channels Chief Executive Officer-Aggrey Mugisha. MTN Uganda in partnership with YOTV Channels has today launched a new state-of-the-art video ...

MTN Uganda, Xeno Investment start saving scheme for telco’s customers

by JAVIRA SSEBWAMI | PUBLIC EDITOR

27/07/2022

MTN Mobile Money Uganda Limited has partnered with Xeno Investment Management Limited to extend financial investment services to the telecom ...

MTN has revealed that money sent to a wrong person could be reversed once reported immediately. (PHOTO/Courtesy)

How to reverse MTN Mobile money sent to a wrong number

by OUR REPORTER | UG STANDARD

26/07/2022

MTN has revealed that money sent to a wrong person could be reversed once reported immediately. (PHOTO/Courtesy) KAMPALA – Did you ...

MTN Kabode Supa is a dual SIM internet-enabled smartphone compatible with 2G, 3G and LTE technology, powered by the Android (go edition) operating system, with processing speeds of up to 1.4GHz.

Here’s why you should get yourself the MTN Kabode Supa Phone

by LILIAN MUWONGE | UG STANDARD REPORTER

21/07/2022

MTN Kabode Supa is a dual SIM internet-enabled smartphone compatible with 2G, 3G and LTE technology, powered by the Android ...

Minister Amongi and the South African High Commissioner listen to a trainee at the facility

Minister tells girls to go for ‘hard’ jobs

by LILIAN MUWONGE | UG STANDARD REPORTER

16/07/2022

Minister Amongi and the South African High Commissioner listen to a trainee at the facility The Minister of Gender, Labour ...

Parliament directs Telecom firms on Data expiry, voice bundles and quality of services

by MANFRED TUMUSIIME | UG STANDARD REPORTER

14/07/2022

The discussion was premised on the report of the Committee on ICT and National Guidance on the petition of Kawempe ...

Equity Bank Uganda has launched investigations into cases of fraud surrounding their Stock Loan and Agent Float financing that happened recently. The Stock Loan product is a credit facility meant to support entrepreneurs, small and medium-sized enterprises (SMEs), and large businesses across various sectors with working capital for growth and expansion. ‘Agency float financing’ on the other hand is a loan product to support Equi Duuka Agents with float to continue running their agency businesses. The fraud is expected to have affected about 65 billion shillings. Equity management says they are investigating to find out what exactly happened and who was involved, including staff and customers. "People of interest, including a few of our staff and customers, are currently assisting with investigations by the relevant law enforcement authorities," the Bank says in a statement. It also said that it would take action on anyone found to have been involved, in a bid to uphold their standards in serving their clients. "We hold ourselves to the highest standards of accountability and transparency, and the person/s found to be responsible, whether through fraud or errors of commission or omission will be fully addressed by the policies, procedures, and ethical values of the organization and, where appropriate, the laws of the country." Despite this huge amount of money involved, Equity says services to their customers will not be affected or disrupted. "Despite this investigation, customers will continue to access loans across all our branches countrywide and banking channels uninterrupted," the statement says. It adds that the Board of Directors and management are committed to resolving and concluding this matter, and "we continue to focus on our purpose of transforming lives, giving dignity, and expanding opportunities for wealth creation." It is not yet clear whether this fraud is an outright theft of money or a result of an error on the side of the bank's staff, but the management says all this will be revealed during their investigations. Over the last 16 years, Equity Bank Uganda has built a branch network of more than 9,000 Equi Duuka agents and 58 ATMs spread across the country and serving over 2 million customers. Equity Bank Uganda is one of the major banks that have met the Bank of Uganda's recently revised minimum capital requirements, which are meant to strengthen the Financial sector against any shocks. The subsidiary of Equity Group Holdings Ple, a financial services company listed at the Nairobi Securities Exchange, Uganda Securities Exchange, and Rwanda Stock Exchange, boasts an asset base of 3.5 trillion shillings as of September 30, 2023.

SPOTLIGHT: How Equity Bank, MTN are aiding Money laundering through agency banking scam

by OUR REPORTER | UG STANDARD

11/07/2022

Equity Bank Uganda and MTN Uganda have come under fire for aiding Money laundering (PHOTO /Courtesy) KAMPALA —Equity Bank Uganda ...

MTN Uganda's Western Region Business Manager Andrew Tusubira and Tooro Kingdom officials show off their Obugali bwa masaza bicycle race gear

MTN Uganda partners with Tooro for Kingdom’s Masaza Bicycle Race competition

by Julian Ninsiima | Reporter

09/07/2022

MTN Uganda's Western Region Business Manager Andrew Tusubira and Tooro Kingdom officials show off their Obugali bwa masaza bicycle race ...

In today’s donation, Stanbic Bank handed over 1,000 Mama Kits and 115 ward curtains to accord privacy to the ladies in the labour wards. MTN Uganda donated hospital equipment worth UGX106,000,000, including laryngoscopes, colposcopes, among other essential equipment.

Stanbic Bank, MTN donate to Kawempe General Hospital

by UG STANDARD EDITOR | UG STANDARD EDITORIAL

07/07/2022

In today’s donation, Stanbic Bank handed over 1,000 Mama Kits and 115 ward curtains to accord privacy to the ladies ...

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