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Pearl Bank’s transition from PostBank marks the culmination of a five-year transformation journey—one that has modernised its operations, expanded its national footprint, and positioned the institution as a digital-first champion of financial inclusion in Uganda, as the CEO East Africa Magazine, Muhereza Kyamutetera, writes. The Bank of Uganda (BoU) has applauded Pearl Bank Uganda Limited for its seamless transition from PostBank, following a courtesy visit by Managing Director & CEO Julius Kakeeto to Governor Dr Michael Atingi-Ego. The courtesy meeting at BoU featured a symbolic handover of Pearl Bank’s operating license—originally issued earlier on 10th September 2025—marking yet another key…
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Centenary Bank, in partnership with the African Guarantee Fund (AGF), have today hosted the inaugural Enterprise Finance Summit at the Mestil Hotel in Kampala, under the theme “Empowering Enterprise Growth…
Former Capital Markets Authority (CMA) Chief Executive Officer, Keith Kalyegira, has been appointed Chairperson of the Board of Directors at Absa Bank Uganda, effective 1 March 2025. Kalyegira brings more…
Stanbic Bank Uganda, the country’s largest lender by assets, revenue, and deposits, has today, March 3, 2025, officially welcomed Mumba Kenneth Kalifungwa as its new Chief Executive. His appointment, first…
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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NCBA Bank Rwanda has announced the appointment of Maurice Toroitich as its Managing Director. The appointment brings to the helm a veteran of the banking industry, whose leadership spans nearly three decades of transformative banking and leadership in East Africa. Maurice is recognized for his pioneering work as the founding CEO of KCB Bank Rwanda, where he was instrumental in shaping the bank’s market presence and operational foundation. His tenure as Managing Director of BPR Bank Rwanda further cemented his reputation, having successfully overseen its evolution into one of the country’s leading financial institutions. He has also previously served as…
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Standard Chartered Bank has scooped major awards in Round One of the 2020 World’s Best Consumer Digital Banks Awards in Africa by Global Finance. Round One winners include Best Consumer Digital Banks, Best Corporate/Institutional Digital Banks and the best Islamic Digital Banks at the country level. Also announced were regional winners in sub-categories such as best information security & Fraud management, Best Mobile Banking App and Most Innovative Digital Bank. Round Two will be announced in October. An August 12, 2020 press release by Global Finance reveals that winners were selected in Africa, Asia-Pacific, Central and Eastern Europe, Latin America,…
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At ten minutes past 1:00pm on the 12th of May 1890, Reverend Father Siméon Lourdel breathed his last, aged just 37 years. Fr. Lourdel and Amans Delmas, an auxiliary brother who arrived in Uganda on February 17th, 1789 marked the birth of Catholic Christianity in Uganda. So in 1979, as the Catholic Church in Uganda was preparing to celebrate 100 years of Catholicism in Uganda, Catholic leaders at the time wanted a lasting project that would mark the 100 years of evangelization. In an interview with His Eminence Cardinal Emmanuel Wamala, in 2012, he said that many ideas came around, for…
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The Stanbic Purchase Manager’s Index (PMI) for September shows that the private sector activity remained in the growth territory at the end of the third quarter of 2019. The survey, sponsored by Stanbic Bank and produced by IHS Markit, indicates that ability of firms to secure additional customers resulted in higher new orders and a subsequent expansion of business activity. Meanwhile, both input costs and output prices continued to increase. Benoni Okwenji, Stanbic Bank’s Fixed Income Manager The headline PMI was 55.7 in September, down from 57.5 in August, but still above the 50.0 no-change mark. Stanbic Bank Fixed Income…
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Bank of Uganda has awarded licenses to 2 new Commercial banks. The banks, Afriland First bank Uganda Limited and Opportunity Bank Uganda limited have been given licenses to start operations effective September 12th and 13th respectively. This makes the total number of commercial banks in Uganda, 26. Afriland First bank is a new institution in Uganda’s banking sector. The bank was founded in Cameroon in 1987 and is the biggest financial services group in that country. Opportunity Bank started as a Tier 3 Banking institution called Faulu. Back in 2009, the company carried out a rebranding campaign after selling shares…
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