For years, Uganda’s digital lending sector has expanded at breathtaking speed, but without the underlying visibility required to support responsible growth. Borrowers have increasingly turned to mobile money as their...
There are years when an industry grows quietly, and then there are years when it changes character. For Uganda’s insurance industry, 2025 was unmistakably a change of character. Viewed from…
Paul Kavuma, the former Chief Executive Officer of Jubilee Allianz General Insurance Uganda, has announced his move to Liberty Uganda, where he takes up the role of Country Head of…
This festive season, Pearl Bank (formerly PostBank Uganda) reminded customers that banking can still feel human, warm, and personal, as it concluded its Christmas campaign dubbed “Pearl Santa.” The campaign…
Old Mutual Insurance Uganda, Uganda’s No.1 general insurer, has announced that its Managing Director and Chief Executive Officer, Stephen Chikovore, will step down from his role effective 31 January 2026.…
Fundación Xcalibur, whose mission is to promote and support the education of children, youth, and women in vulnerable situations, using sports, training, and culture as motivational tools, has signed a…
For decades, dfcu Bank has been at the forefront of economic transformation in Uganda. It has played a pivotal role in empowering women entrepreneurs, breaking financial barriers, and enabling thousands…
PostBank Uganda, whose purpose is to foster prosperity for Ugandans, has today given a Ramadan token to Kalerwe Mosque to support 200 families and enable them to celebrate the upcoming…
In a bold move set to transform Uganda’s financial landscape, dfcu Bank has launched dfcu XClusive Banking—a premium, high-net-worth banking experience that redefines personalized financial services for the bank’s customers….
On Monday, Housing Finance Bank (HFB) hosted a special Iftar dinner at Hotel Africana to express its appreciation to its Muslim staff and customers for their continued support and loyalty…
A leaked memo from the Office of the Prime Minister reveals that the government of Uganda plans to review and possibly approve borrowing proposals amounting to over USD 1.6 billion (UGX 5.8 trillion) during a cabinet-level meeting scheduled for Wednesday, March 26, 2025. The meeting, convened by the Prime Minister, is expected to consider 12 separate loan requests from various ministries and government agencies, targeting key sectors such as roads, energy, water, health, agriculture, and financial services. Loan proposals listed in the memo: €186.97 million and an additional €19.46 million from the African Development Bank for the Busega–Mpigi Expressway. €198.6…
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Stanbic Uganda Holdings Limited (SUHL) has once again proven its financial strength, posting a record net profit of UGX 478 billion in 2024, up from UGX 411.5 billion in 2023,…
Stanbic Uganda Holdings Limited (SUHL), the parent company of Stanbic Bank Uganda and four other subsidiaries, has announced a record net profit of UGX 478 billion for the financial year…
Government, through Ministry of Finance is seeking about $ 50 million (UGX 183 billion) from Absa Bank as capital investment into the Uganda Electricity Distribution Company Limited (UEDCL) to fully take up power distribution operations from Umeme by April 1, 2025. Paul Mwesigwa, the UEDCL Managing Director confirmed the details of securing funds from Absa Bank which will cover a year of operations. The Ministry of Energy and Minerals Development on Wednesday dismissed fears that its transmission agency would not be able to take over operations from Umeme in time due to unavailability of the said funds that were recently…
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Bank of Uganda has started the implementation of regulation of substantially well capitalised Savings and Credit Cooperative Societies (Saccos). The move, which starts with the issuance of an MDI licence to Ebo Sacco, targets saving societies with savings of above or UGX 1.5 billion provided under the Microfinance Deposit-Taking Institutions Act, 2022 and guided by the Microfinance Deposit-taking Institutions (Registered Societies) Regulations, 2022. Last week, Bank of Uganda issued Ebo Sacco with an MDI license in a shift that takes regulation of big Saccos away from Uganda Microfinance Regulatory Authority to the Central Bank. In 2022, Finance Minister Matia…
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