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April 22, 2026
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    From L-R: Equity Bank Uganda Executive Director, Claver Serumaga, Equity Group Chairman, Prof Isaac Macharia, Group Managing Director and CEO, Dr James Mwangi, and Equity Bank Uganda Managing Director, Gift Shoko, during the 2025 Investor Briefing event.

    Equity Group Posts Record 55% Surge in Profit to KSh75.5b: Uganda Bounces Back With 500% Growth in Net Profit – A Defining First Year for MD Gift Shoko

    Muhereza KyamuteteraThe Big StoryMarch 18, 2026March 18, 2026

    Equity Group Holdings has delivered one of the most remarkable financial performances in East Africa’s banking history, posting a 55% surge in profit after tax to KSh75.5 billion in FY2025,…

    Arthur Kiwanuka says that many clients want to ensure a smooth transfer of wealth to the next generation and safeguarding their family’s future.

    My Job is to Help Ugandans Become Wealthy – Stanbic Bank’s Arthur Kiwanuka

    CEO East Africa MagazineBanking & Financial ServicesFebruary 28, 2026February 28, 2026

    Arthur Kiwanuka, Head of Affluent Banking at Stanbic Bank Uganda, says his core mission is to help clients build sustainable wealth and achieve their financial aspirations by identifying the right…

    Financial Services CEOs Double Down on AI, Resilience and Strategic Growth in 2026 in KPMG Global Outlook

    CEO East Africa MagazineBanking & Financial ServicesThe Big StoryFebruary 17, 2026February 17, 2026

    Financial services leaders across Africa are entering 2026 with renewed confidence, placing artificial intelligence (AI), cybersecurity, regulatory resilience and disciplined growth at the centre of their transformation agendas. This is…

    Absa Group Bets Big on East Africa: Yasmin Masithela Reveals the Scale, Digital Ambition, and Regional Push Behind the StanChart Uganda Deal 

    Paul MurungiBanking & Financial ServicesThe Big StoryNovember 28, 2025November 28, 2025

    Let’s start off with why Absa Group is involved in this B20 summit.  When we decided to participate in B20, it was largely because we’re a pan-African bank, and this…

    Makerere University and dfcu Bank Partner to Enhance Higher Education, Research and Student Support

    Brian EmorutCompany NewsNews & AnalysisJuly 8, 2025July 8, 2025

    Makerere University and dfcu Bank Limited signed a three-year Memorandum of Understanding (MoU) designed to support the university’s core mandate as Uganda’s premier higher education institution. The partnership will enhance…

    Equity Bank Uganda Limited Delegation Visits Nation Media Group

    Brian EmorutBanking & Financial ServicesCompany NewsJuly 4, 2025January 20, 2026

    A delegation from Equity Bank Uganda led by Managing Director Gift Shoko today paid a courtesy visit to the Nation Media Group head office in Namwongo, a Kampala suburb. The…

    Paul Russo Elected Chairperson of Kenya Bankers Association, Succeeding John Gachora

    Brian EmorutBanking & Financial ServicesC-Suite LeadershipJune 23, 2025June 23, 2025

    In a notable leadership shift within Kenya’s financial services sector, KCB Group Chief Executive Officer Paul Russo has been elected Chairperson of the Kenya Bankers Association (KBA), the umbrella body…

    Stanbic Bank Kenya’s Q1 Profit Drops by 16% on Lower Forex Income

    Paul MurungiGlobal NewsNews & AnalysisThe Big StoryMay 12, 2025May 12, 2025

    Stanbic Bank Kenya, a subsidiary of Stanbic Holdings Plc, reported a 16.6% decline in net profit for the first quarter ended March 2025, largely attributed to a sharp drop in…

    Stanbic Uganda Posts Record UGX 478 Billion Profit in 2024, Assets Cross UGX 10 Trillion Mark

    Paul MurungiBanking & Financial ServicesEast AfricaThe Big StoryMarch 24, 2025March 24, 2025

    Stanbic Uganda Holdings Limited (SUHL), the parent company of Stanbic Bank Uganda and four other subsidiaries, has announced a record net profit of UGX 478 billion for the financial year…

    Cybersecurity Tips Ahead of Christmas Festivities

    Paul MurungiBusiness & MarketsThought LeadershipDecember 19, 2024December 21, 2024

    By Steven Mwesige A flurry of incidents in the news of cybersecurity breaches in recent weeks are a cause for concern, but with a better understanding of cybersecurity need not…

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    Latest Stories

    • UGAFODE Expands Aggressively in 2025 as Lending Jumps 26% and Deposits Rise 20%
      by CEO East Africa Magazine
      April 22, 2026
    • Chandan Singh assumes leadership at Bank of Baroda (Uganda), succeeding Shashi Dhar after a period marked by strong financial growth and operational stability. With rising profits, expanding assets, and increased lending, the transition signals continuity as the bank positions itself for further growth under experienced new leadership in a competitive market.
      Chandan Singh Takes Over as Bank of Baroda Managing Director after Strong Growth under Shashi Dhar
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    • 2025: Finance Trust Bank posts 32% growth in deposits; 74% surge in net profit in strongest performance yet
      by CEO East Africa Magazine
      April 22, 2026
    • When the Law Exists But No One Listens: Uganda’s Conflict of Interest Problem
      by CEO East Africa Magazine
      April 22, 2026
    • Mercy Kainobwisho has redefined URSB through people-centered leadership and bold reforms. By driving digital transformation, strengthening systems, and expanding access, she has turned the Bureau into a modern, high-performing institution. Her tenure reflects a balance of innovation and accountability, positioning URSB as a key pillar of Uganda’s economic development.
      Driving Transformation: Mercy Kainobwisho’s Five-Year Turnaround Has Transformed URSB From Legacy to a Digital Powerhouse
      by CEO East Africa Magazine
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    • Parliament has withdrawn the Traffic & Road Safety (Amendment) Bill, 2026, halting plans to reduce the vehicle import age limit from 15 to 13 years. Lawmakers cited affordability concerns, warning the move would raise car prices and transport costs, despite government’s push for cleaner, more efficient vehicles.
      Bill Seeking to Ban Importation of Cars Older than 13 Years Collapses
      by Jeff Winters
      April 21, 2026
    • Attorney General Kiryowa Kiwanuka defends the Bill as a transparency tool, Uganda Bankers Association head Wilbrod Owor warns of risks to capital flows, while journalist Charles Onyango-Obbo questions its sweeping definitions, together reflecting the legal, economic, and public tensions shaping debate over Uganda’s proposed Protection of Sovereignty Bill.
      A Bill Like No Other: Sovereignty Protection Push Raises Economic, Legal, and Political Questions
      by Jeff Winters
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    • Delhi Public School (DPS) International Kampala Posts Strong CBSE Results; One-Third of Class Scores Above 90%
      by CEO East Africa Magazine
      April 21, 2026
    • Bank of Uganda kicks off domestic gold purchase from licensed miners in three-year pilot programme
      by Paul Murungi
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    • Court of Appeal Halts $230,000 Share Payment in Billionaire Amos Nzeyi’s Nando’s Franchise Dispute
      by CEO East Africa Magazine
      April 21, 2026

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