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.…
dfcu Bank has announced the appointment of Hope Lorna Nakhayenze as its new Chief Risk Officer, effective 1st March 2025. The Bank stated that in this role, she would be…
I&M Bank Uganda has reaffirmed its commitment as the official bank partner for the 12th edition of the Kabaka Birthday Run, slated for Sunday April 6th, 2025. The 2025 Kabaka…
Rwanda’s President, Paul Kagame has appointed Ms. Soraya Munyana Hakuziyaremye as the first female Governor of the National Bank of Rwanda, which is a promotion from her initial role of Deputy Governor since March, 2021. Prior to that, she served as Rwanda’s Minister of Trade and Industry from October 2018 to March 2021; where she oversaw the implementation of the “Made in Rwanda” policy, contributing to the 9% average annual growth of the industry sector and increase in exports. During her time as Minister of Trade, she also served as Chair of the East African Community Sectoral Council on Investment…
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Now that we know we have an idea of the Umeme buyout amount, what could be in it for shareholders? Umeme has since last year been one of the most active counters at the Uganda Securities Exchange, with analysts citing the expected buyout windfall as the biggest push factor for the activity. In April last year, the stock posted a gain of 9% to UGX 439.75, a growth that had last been witnessed in June 2023. But it slightly declined and by last week, it was range bound at UGX415 ($0.11), with a projected increase ahead of the expiry of…
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The insurance industry registered robust growth rates in the first three quarters of 2024. The total gross written premium grew to Ugx.1.39 trillion in the third quarter of 2024 compared to Ugx.1.23 trillion recorded over the same period in 2023, registering a 13.51 percent growth. After analyzing the third quarter of the year, we expect this year’s performance to exceed last year’s because we have seen heightened business activity, which translates into more insurance products/services being consumed. The IRA CEO Alhaj Kaddunabbi Ibrahim Lubega puts the above in perspective in the following interview. What have been some of the sector’s…
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British International Investment (BII), UK’s development finance institution and impact investor, has sold its 10.1% stake in I&M Group PLC, East Africa’s banking group, to AfricInvest. The acquisition was made…
I&M Bank Uganda, on Wednesday, 19th February 2025, conducted five blood donation activations as part of its Corporate Social Responsibility, aimed at further boosting the national blood bank and helping save lives. In partnership with Uganda Blood Transfusion Services (UBTS), the bank conducted blood donation drives at its Head Office at Kingdom Kampala, Kawempe Branch, Entebbe Branch, Jinja Branch and Arua Branch. A total of 135 units of blood were collected from the I&M Bank Kawempe, Entebbe, Arua, Jinja, and Kingdom Kampala branches. Both the bank staff and community members actively participated in the exercise, showing support and also helping…
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Centenary Bank, Uganda’s leading microfinance institution, on Wednesday announced that it will host this year’s edition of the Global Alliance for Banking on Values (GABV) Annual General Meeting. The event, which will be held at the prestigious Speke Resort Munyonyo in Kampala will run from the 10th to the 14th of March 2025. The gathering will bring together a global network of independent banks that leverage finance to drive sustainable economic, social, and environmental development. GABV is a coalition of over 70 pioneering financial institutions in 45 countries, committed to using finance as a force for good. The 2025 edition…
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Pay television platform – DStv – is losing at least UGX2.7 billion due to illegal reproduction of its exclusive content by third parties through internet live streaming. An investigation by Uganda Communications Commission (UCC), which followed a formal complaint by MultiChoice Uganda found that residential and commercial piracy had led to enormous financial bleeding with DStv, as one of the its affected platforms losing at least UGX 2.74 billion per year. DStv, a direct broadcast satellite television service, is owned by MultiChoice. The company also owns GOtv. Thus, UCC has instituted a multi-agency probe that is seeking to find…
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In fact, it will be the first time the Central Bank has had a chairman in more than 36 months since Emmanuel Tumusiime Mutebile’s death on January 23, 2022. The Bank of Uganda has not had a governor—not even in acting capacity—which, in essence, means that the bank has not had a chairman, either. The Bank of Uganda board is constituted so that the governor is automatically the chairperson, who is deputised by the deputy governor. The board is also composed of five non-executive members and a board secretary, who, together with the chairman and his deputy, have the…
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