Earlier this month, Pride Microfinance Limited, Uganda’s largest Microfinance Deposit-Taking Institution (MDI), officially transitioned into a Tier II banking institution, earning the regulatory nod to operate as Pride Bank Limited….…
Against a backdrop of slowing credit appetite and shifting investment strategies, Uganda’s commercial banking sector recorded UGX 35.24 trillion in customer deposits in 2024, up from UGX 33.60 trillion in……
As Kampala’s urban boundaries stretch farther from the city centre, the once-sleepy residential enclave of Kyanja has emerged as a focal point for retail and mixed-use real estate investment. Now,……
Standard Chartered Bank Uganda Chief Executive, Sanjay Rughani has indicated that a number of major banks have expressed interest in acquiring the bank’s Retail and Wealth Business. The London-based group announced……
Uganda Electricity Distribution Company Limited (UEDCL), which has managed the country’s electricity distribution assets for 53 days since Umeme’s exit, has secured a USD 25 million (UGX 91 billion) loan...
In an extraordinary act of shareholder resolve, a majority of the minority investors in Uganda Breweries Limited (UBL) stood their ground against a high-stakes buyout offer from East African Breweries…
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East African Breweries Limited (EABL), one of the crown jewels in Kenya’s corporate sector, is now at the centre of market speculation following a broader strategic pivot by its parent…
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Equity Bank Fires Nearly 200 Staff in Sweeping Integrity Crackdown Following M-Pesa and Account Audit Uganda’s UGX 65 Billion Loan Fraud and UGX 4 Billion Visa Losses Reveal Deeper Regional…
Senior marketing guru Juliana Kaggwa has been appointed the new Chief Executive Officer of the Uganda Tourism Board, replacing Lilly Ajarova, who moved on to a new role as Senior…
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Zamara Uganda, the country’s oldest and largest retirement benefits administrator, has crossed a major milestone—surpassing UGX 1 trillion in assets under administration, covering more than 17,000 members across 42 corporate…
In a world where Fintech is fast reshaping Africa’s economic landscape, few leaders are steering the transformation with the grace, grit, and vision of Charity Mutagamba, the CEO of FinCom…
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In a region hungry for industrial transformation, one man is quietly forging a revolution. Sanjay Awasthi, the reclusive billionaire behind Tembo Steels, has built Uganda’s most advanced and environmentally conscious…
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After a turbulent 2023 marked by a rare financial loss and significant executive turnover and a cautious 2024, Equity Bank Uganda is reinforcing its leadership bench with the appointment of…
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Ernst & Young (EY) in 2024 audited more banks than its peers, cementing its position as the leading external auditor in Uganda’s banking industry. With assignments from 11 commercial banks…
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In a 2007 pre-opening interview with the CEO East Africa Magazine, Manz Denga, the then United Bank for Africa (UBA) Managing Director, spoke strongly about his bank’s ambitions in Uganda.“Ugandan…
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