“I was fired with almost no savings, fired with a salary loan, fired with retired parents depending on me, fired with a young daughter in school, and fired with one semester left in my master’s degree.” Those were the words of Daniel Ayebare, Chairperson of the Uganda Financial Literacy Association (UFLA), recalling the moment his life was upended after nearly a decade in the banking sector. Two years earlier, he had registered a small non-profit aimed at empowering young people through financial and social business education, inspired by Nobel Laureate Muhammad Yunus. But like many chasing stability, he had postponed…
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Centenary Bank, Uganda’s leading microfinance bank, joined thousands of Kampala residents to celebrate the Kampala City Festival 2025 on 12th October 2025, under the theme “Celebrating Enterprise and Innovation in…
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…
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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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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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…
In a fast-changing Uganda, the definition of wealth is shifting. It’s no longer just about today’s comfort — it’s about building legacies that last. Across the country, more people are looking beyond simple savings accounts, asking bigger questions: How can I secure my children’s education? How do I grow my business into a family enterprise? How do I invest for a retirement free of financial worry? For Stanbic Bank Uganda, these aren’t abstract questions. They are the daily reality of its Personal & Private Banking (PPB) division — a business unit undergoing a strategic transformation to put generational wealth creation…
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Centenary Bank has instructed Banu General Agencies, a firm of auctioneers and bailiffs, to sell properties belonging to city businessman Joseph Kiyimba after he allegedly defaulted on loan obligations. The properties include the famous Club Ambiance in Bakuli, one of Kampala’s most iconic nightspots. According to a public notice issued by Banu General Agencies, the auction will be carried out under the Mortgage Act No. 8 of 2009 and related regulations unless the debtor, Ambiance Distillers Limited, clears the outstanding principal, interest, and related costs before the date of sale. Properties up for auction The notice lists Plot 1481, Block…
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Centenary Bank has been recognized with two prestigious accolades at this year’s Brand Africa Awards: Most Admired Ugandan Bank and Ugandan Bank Doing Good in the Community. These awards reinforce…
