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.…
Shares of NCBA Group Plc have hit an all-time high of KSh 75.25, rising 8.27 percent from KSh 69.50, after confirmation that Africa’s largest lender, Standard Bank Group Ltd., is in advanced talks to acquire the Kenyan bank — a deal that could dramatically reshape the structure and ownership of Kenya’s banking sector. According to Bloomberg, the Johannesburg-based banking giant, which holds a 75 percent stake in Nairobi-listed Stanbic Holdings Plc, has already received internal approvals to engage NCBA in buyout negotiations. If completed, the merger would create Kenya’s third-largest lender by assets, with a combined balance sheet of approximately…
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The long-running standoff between Umeme and the Uganda Electricity Transmission Company Limited (UETCL) over a UGX 594 billion debt has once again thrown Uganda’s power sector into turmoil, exposing deep financial fissures in the country’s electricity value chain. In an exclusive response to the CEO East Africa Magazine, UETCL maintains that the UGX 593.5 billion in question represents verified receivables accumulated from energy sales to Umeme under the Power Sales Agreement (PSA), which governed the purchase and distribution of electricity throughout the company’s 20-year concession. According to the transmission utility, the figure audited and confirmed by the Office of the…
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Uganda’s agent banking industry has entered a new phase with latest data from Bank of Uganda painting a picture of a sector in full bloom. As of June 2025, the…
Uganda’s banking sector has cemented its recovery and resilience, posting a record UGX 1.9 trillion net profit for the year ended June 2025. This was a nearly an increase of…
Payments through cheques in Uganda’s financial eco-system continues to decline as Bank of Uganda (BoU) intensifies efforts to promote digital and electronic payments. Latest data from the central bank shows that both volume and value of cheque transactions have dropped, reflecting a steady shift toward electronic funds transfers and mobile-based banking solutions. BoU data indicates that cheque transaction values fell by 3.6%, from UGX 4.8 trillion in the year to June 2024 to UGX 4.62 trillion in the same period in 2025. Similarly, the volume of cheques declined by 3.9%, from 1.05 million to 1.01 million transactions over the same…
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As the rest of Uganda chokes on expensive credit, with commercial bank lending rates hovering between 18 and 20 percent, staff at the Bank of Uganda (BoU) are enjoying the rare comfort of nearly interest-free, long-term loans stretching up to two decades. Revelations from the central bank’s latest Integrated Annual Report 2024/25 have lifted the lid on a rare privilege: access to nearly interest-free loans for central bank staff and executives, stretching up to 20 years and offered at rates between 0% and 3%. The disclosure has triggered both curiosity and criticism. For some, it’s a thoughtful staff welfare strategy,…
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Postbank, which is rebranding to Pearl Bank Uganda, has been awarded the prestigious Sustainability Certification by the European Organization for Sustainable Development (EOSD), demonstrating the Bank’s efforts and commitment to champion sustainable initiatives that are aligned with its overall strategy and purpose of fostering prosperity for Ugandans. The certificate handover event in Germany was on 25th September 2025. Based in Germany, EOSD is a globally recognized leader in advancing sustainable development across sectors. The organization is dedicated to developing strategies, programs, and initiatives that embed sustainable growth and responsible practices particularly in the financial sector. EOSD has worked with institutions…
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Uganda’s banking sector has never been stronger on paper. And the Bank of Uganda’s latest Financial Soundness Indicators show why. Banks, the indicators show, are heavily capitalized, flush with liquidity, profitable, and increasingly resilient. Regulatory capital sits above 25% of risk-weighted assets, double the global standards. Non-performing loans have fallen from 5.2% to 4.1% in a year, while liquidity coverage ratios have surged to an extraordinary 580%. Returns on equity remain a solid 16 to 17%. In short, Uganda’s banks are safe, liquid, and among the most profitable in the region. Yet behind this impressive stability lies a nagging paradox:…
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SanlamAllianz Re, the reinsurance arm of SanlamAllianz, today announced the appointment of Tobias Suek as its new Chief Executive Officer effective 15 October 2025, subject to regulatory approval. Tobias joins…
Centenary Bank has made a contribution of UGX 86 million to Kampala Capital City Authority (KCCA) towards the upcoming Kampala City Festival and the city’s waste management program through the Weyonje Campaign. The Kampala City Festival, organized by KCCA, is one of the country’s largest cultural and social gatherings, attracting thousands of Ugandans and international visitors. The festival provides a platform to showcase Kampala’s vibrancy through music, art, dance, and food, while also creating opportunities for local entrepreneurs and businesses to thrive. The bank’s contribution underscores its commitment to community development and environmental sustainability in Kampala, a city it has…
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