Nile Bank Limited
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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 ...
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Kampala
Kampala (, ) is the capital and largest city of Uganda. The city proper has a population of 1,680,000 and is divided into the five political divisions of Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division, and Rubaga Division. Kampala's metropolitan area consists of the city proper and the neighboring Wakiso District, Mukono District, Mpigi District, Buikwe District and Luweero District. It has a rapidly growing population that is estimated at 6,709,900 people in 2019 by the Uganda Bureau of Statistics in an area of . In 2015, this metropolitan area generated an estimated nominal GDP of $13.80221 billion (constant US dollars of 2011) according to Xuantong Wang et al., which was more than half of Uganda's GDP for that year, indicating the importance of Kampala to Uganda's economy. Kampala is reported to be among the fastest-growing cities in Africa, with an annual population growth rate of 4.03 percent, by City Mayors. Mercer (a Ne ...
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Barclays
Barclays () is a British multinational universal bank, headquartered in London, England. Barclays operates as two divisions, Barclays UK and Barclays International, supported by a service company, Barclays Execution Services. Barclays traces its origins to the goldsmith banking business established in the City of London in 1690. James Barclay became a partner in the business in 1736. In 1896, twelve banks in London and the English provinces, including Goslings Bank, Backhouse's Bank and Gurney, Peckover and Company, united as a joint-stock bank under the name Barclays and Co. Over the following decades, Barclays expanded to become a nationwide bank. In 1967, Barclays deployed the world's first cash dispenser. Barclays has made numerous corporate acquisitions, including of London, Provincial and South Western Bank in 1918, British Linen Bank in 1919, Mercantile Credit in 1975, the Woolwich in 2000 and the North American operations of Lehman Brothers in 2008. Barclays ha ...
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Banks Established In 1988
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the an ...
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1988 Establishments In Uganda
File:1988 Events Collage.png, From left, clockwise: The oil platform Piper Alpha explodes and collapses in the North Sea, killing 165 workers; The USS Vincennes (CG-49) mistakenly shoots down Iran Air Flight 655; Australia celebrates its Bicentennial on January 26; The 1988 Summer Olympics are held in Seoul, South Korea; Soviet troops begin their withdrawal from Afghanistan, which is completed the next year; The 1988 Armenian earthquake kills between 25,000-50,000 people; The 8888 Uprising in Myanmar, led by students, protests the Burma Socialist Programme Party; A bomb explodes on Pan Am Flight 103, causing the plane to crash down on the town of Lockerbie, Scotland- the event kills 270 people., 300x300px, thumb rect 0 0 200 200 Piper Alpha rect 200 0 400 200 Iran Air Flight 655 rect 400 0 600 200 Australian Bicentenary rect 0 200 300 400 Pan Am Flight 103 rect 300 200 600 400 1988 Summer Olympics rect 0 400 200 600 8888 Uprising rect 200 400 400 600 1988 Armenian eart ...
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Banks Of Uganda
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots i ...
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Economy Of Uganda
The economy of Uganda has great potential and appeared poised for rapid economic growth and development. Uganda is endowed with significant natural resources, including ample fertile land, regular rainfall, and mineral deposits. Chronic political instability and erratic economic management since the implementation of self-rule has produced a record of persistent economic decline that has left Uganda among the world's poorest and least-developed countries. The informal economy, which is predominantly female, is broadly defined as a group of vulnerable individuals without protections in regards to their work. Women face a plethora of barriers specific to gender when attempting to access the formal economy of Uganda, and research revealed prejudice against lending to women in the informal sector. The national energy needs have historically exceeded the domestic energy generation, though large petroleum reserves have been found in the country's west. After the turmoil of the Amin ...
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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 ...
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Hezi Bezalel
Hezi Bezalel (born 1951) is an Israeli businessman. He is active mostly in Israel, the US, Britain, India, and various countries in Africa. He serves as the Honorary Consul of Rwanda in Israel. Biography Bezalel was born in Basra, Iraq and moved with his family to Israel when he was 5 years old. The family settled in the Or Yehuda Absorption Camp, and later on moved to Ramat Gan. During his military service, he served as a tank commander in the Yom Kippur War. He later began his Economics studies at the Tel Aviv University. Following the completion of his M.A in Economics, he began teaching at the Tel Aviv University as well as the Ben Gurion University in Be'er Sheva. He worked as Prof. Haim Ben Shachar's teaching assistant and initiated his PhD studies in London. He moved from Israel to Kenya in the 1980s, where he established an investment bank in Nairobi, on behalf of a British investment group. In Africa, he became involved in investment banking, project implementation an ...
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Western Union
The Western Union Company is an American multinational financial services company, headquartered in Denver, Colorado. Founded in 1851 as the New York and Mississippi Valley Printing Telegraph Company in Rochester, New York, the company changed its name to the Western Union Telegraph Company in 1856 after merging with several other telegraph companies. The company dominated the American telegraphy industry from the 1860s to the 1980s, pioneering technology such as telex and developing a range of telegraph-related services (including wire money transfer) in addition to its core business of transmitting and delivering telegram messages. After experiencing financial difficulties, Western Union began to move its business away from communications in the 1980s and increasingly focused on its money transfer services. The company ceased its communications operations completely in 2006, at which time The New York Times described it as "the world's largest money-transfer business" ...
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Satellite Dish
A satellite dish is a dish-shaped type of parabolic antenna designed to receive or transmit information by radio waves to or from a communication satellite. The term most commonly means a dish which receives direct-broadcast satellite television from a direct broadcast satellite in geostationary orbit. History Parabolic antennas referred to as "dish" antennas had been in use long before satellite television. The term ''satellite dish'' was coined in 1978 during the beginning of the satellite television industry, and came to refer to dish antennas that send and/or receive signals from communications satellites. Taylor Howard of San Andreas, California, adapted an ex-military dish in 1976 and became the first person to receive satellite television signals using it. The first satellite television dishes were built to receive signals on the C-band analog, and were very large. The front cover of the 1979 Neiman-Marcus Christmas catalog featured the first home satellite TV sta ...
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Television
Television, sometimes shortened to TV, is a telecommunication Media (communication), medium for transmitting moving images and sound. The term can refer to a television set, or the medium of Transmission (telecommunications), television transmission. Television is a mass medium for advertising, entertainment, news, and sports. Television became available in crude experimental forms in the late 1920s, but only after several years of further development was the new technology marketed to consumers. After World War II, an improved form of black-and-white television broadcasting became popular in the United Kingdom and the United States, and television sets became commonplace in homes, businesses, and institutions. During the 1950s, television was the primary medium for influencing public opinion.Diggs-Brown, Barbara (2011''Strategic Public Relations: Audience Focused Practice''p. 48 In the mid-1960s, color broadcasting was introduced in the U.S. and most other developed countri ...
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Automobile
A car or automobile is a motor vehicle with wheels. Most definitions of ''cars'' say that they run primarily on roads, seat one to eight people, have four wheels, and mainly transport people instead of goods. The year 1886 is regarded as the birth year of the car, when German inventor Carl Benz patented his Benz Patent-Motorwagen. Cars became widely available during the 20th century. One of the first cars affordable by the masses was the 1908 Model T, an American car manufactured by the Ford Motor Company. Cars were rapidly adopted in the US, where they replaced animal-drawn carriages and carts. In Europe and other parts of the world, demand for automobiles did not increase until after World War II. The car is considered an essential part of the developed economy. Cars have controls for driving, parking, passenger comfort, and a variety of lights. Over the decades, additional features and controls have been added to vehicles, making them progressively more comple ...
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