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.…
Equity Bank, in partnership with the Confederation of Indian Industries (CII), today officially kicked off the India-Uganda Trade Mission in Kampala. This two-day high-level event, from 22nd to 23rd October 2024, brings together a delegation of entrepreneurs from India and leading Ugandan business leaders to strengthen bilateral trade between the two nations. The trade mission focuses on key sectors including health, information technology, agriculture, energy, roads and transport, tourism, real estate and defence – industries critical to Uganda’s development and India’s expertise. The mission aims to foster new partnerships, increase investment, and enhance trade cooperation between India and Uganda. L-R:…
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Stanbic Bank Uganda has clinched the prestigious title of “Most Admired Financial Services” Brand at the 2024 Brand Africa Awards. The recognition was announced during a high-profile event held recently in Nairobi, Kenya, which celebrated Africa’s leading private and public organizations. The accolade comes from Brand Africa, an intergenerational movement established in 2011 to inspire a brand-led renaissance across the continent, aimed at enhancing Africa’s competitiveness and creating a positive global image. The annual awards, based on extensive research across the continent, recognize brands that are most admired by consumers, both locally and globally. The brand Stanbic Bank Uganda is…
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On Friday, the Enjovu Family, in collaboration with I&M Bank Uganda, hosted a well-attended Enjovu Family Business Conference at Sheraton Kampala Hotel, focusing on the sustainability of family-owned enterprises. This bi-annual event, themed “Family Governance – Managing Conflict and Building Family Businesses to Last,” brought together family business leaders, financial experts, and advisors to explore strategies for ensuring the longevity of family businesses across generations. Key discussions centered around family governance, succession planning, conflict management, and maintaining a healthy balance between family and business interests. The keynote speaker, Mr. Jayesh Shah, Group Managing Director of Tanzania’s Sumaria Group, highlighted the…
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Prudential Uganda has partnered with Standard Chartered Bank to offer comprehensive insurance solutions. The partnership was officially launched in the presence of key leaders from both organizations, reflecting a shared vision for providing accessible and long-term financial security for Ugandans. The partnership was officially launched at an event graced by senior leaders from both companies. Among those present were Sanjay Rughani, CEO of Standard Chartered Bank Uganda, Tetteh Ayitevie, CEO of Prudential Uganda, Emmanuel Mokobi Aryee, CEO of Prudential Africa, and Achumile M. the Regional Chief Officer of Commercial Operations and Strategy for Prudential Africa. These leaders shared insights on…
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Equity Bank Uganda is commemorating the Customer Service Week 2024 with a series of engaging events for clients, customers, and staff across the country. Starting October 7th to 11th, the bank has embraced the theme “Above & Beyond,” celebrating its commitment to exceptional customer service with special promotions, unique deals, and surprise activities aimed at thanking customers for their loyalty. As part of the celebrations, Equity Bank’s Senior Executive Management, including the Heads of Departments, swapped their corporate roles for frontline duties at various branches. Executives were seen welcoming clients, opening accounts, registering mobile banking users, and engaging in one-on-one…
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South African fintech start-up Omnisient has received a $7.5 million investment from Arise, a company that invests in African financial service providers and fintechs that advance financial inclusion. Founded in December 2019, Omnisient is a privacy-preserving data collaboration and insights platform that allows the owners and users of consumer data to collaborate to extract commercial insights without compromising consumer privacy. The technology provides a controlled, secure environment in which data can be analysed. Omnisient’s innovative approach to preserving privacy while enabling retailers, financial services and healthcare firms to collaborate on consumer intelligence has earned numerous accolades, including ‘winner for social…
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Uganda Development Bank Ltd (UDB), the country’s national Development Finance Institution has released its 2023 results, reporting what the bank says is a “continued pivotal role in fostering economic resilience and sustainable growth across key sectors of the economy”. According to the results, released during the Annual General Meeting held at the Ministry of Finance, Planning, and Economic Development, the Bank continued to grow, with total assets closing at UGX1.67 trillion in 2023, a 10% uplift from UGX1.52 trillion the previous year. This was largely boosted by growth in new loans⏤ new loans disbursed in 2023 amounted to UGX610 billion,…
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I am delighted to be able to address you today on behalf of the EU, at the first EAVCA conference to be held in Uganda, and share insights on the EU actions in terms of private sector support and capital mobilisation for the private sector. I would like to start with a question: Why is the European Union, representing TeamEurope, the largest development cooperation actor in the world, in this room, at a gathering of Private Capital players? The answer is simple: we are here because we need your help and want to partner with you in order to achieve…
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The Yield Uganda Investment Fund, managed by Pearl Capital Partners, has announced the successful equity investment exit from Enimiro, a Ugandan vanilla processor and exporter. This exit, the first of 15 investments, marks an important milestone for the fund, which has been committed to driving sustainable growth and social impact in Uganda’s agricultural sector since its inception in 2017. Enimiro, a company based in Jinja, Uganda, has established itself as a key player in the organic agricultural products market, specializing in the processing and export of vanilla, arabica coffee, dried pineapple, and jackfruit. The company’s unique business model connects smallholder…
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In today’s fast paced world, financial stability and achieving one’s goals go hand in hand. Every now and again, we need an extra boost, and personal loans can be a powerful financial tool when used wisely. In this article, Madina Nalubiri, Ag. Senior Manager – Pinnacle Banking at dfcu Bank identifies and breaks down five ways in which you can achieve more with personal loans. A personal loan can make you more money if invested wisely. Personal loans avail lump sums of money that if invested in strategic investments can generate passive income and accelerate wealth accumulation. With proper research…
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