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TodaySunday, May 10, 2026

East Africa banking News

(L–R): David Wandera, Managing Director; Michael Segwaya, Chief Financial Officer; and Keith Kalyegira, Board Chairman—leaders at the centre of Absa Uganda’s 2025 breakout performance, steering the bank through a period of transition to deliver accelerated growth, stronger financials, and a clear strategic shift toward scale and impact.
(L–R): David Wandera, Managing Director; Michael Segwaya, Chief Financial Officer; and Keith Kalyegira, Board Chairman—leaders at the centre of Absa Uganda’s 2025 breakout performance, steering the bank through a period of transition to deliver accelerated growth, stronger financials, and a clear strategic shift toward scale and impact.

Facts Behind the 2025 Figures: The Year Absa Uganda Shifted Gears—Growth, Discipline, and a New Leadership Era

Absa Bank Uganda’s 2025 results were not just strong—they were unexpectedly strong for the moment in which they were delivered. In a year defined by leadership transition, shifting market dynamics, and underlying
April 17, 2026
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Photo shows KCB Bank Uganda Managing Director Edgar Byamah (right) with Acting Head of IT Willies Ochola. The two executives are leading efforts to strengthen IT oversight, restore customer confidence, and address the UGX 3.2 billion agent banking fraud breach. The incident highlights insider fraud risks, cybercrime threats, and vulnerabilities in Uganda’s fast-growing banking sector, as reported by CEO East Africa Magazine and Uganda Business News.
KCB Bank Uganda Managing Director, Edgar Byamah (right), with Acting Head of IT, Willies Ochola. The two are at the center of efforts to restore confidence after the UGX 3.2 billion agent banking breach.

Inside the KCB Bank Uganda Agency Banking System Breach: This Is What We Know So Far

Following a brazen system breach that manipulated the agency banking platform to leading it to make double transactions to bank agents requesting float, CEO East Africa Magazine understands the system has since
September 25, 2025
Left: James Mwangi, Group CEO of Equity Bank, who is leading the regional integrity purge; Right: Gift Shoko, Managing Director of Equity Bank Uganda, now overseeing the enforcement of the group-wide cleanup in Uganda as staff face fresh audits and ethics probes.

Equity Bank Uganda Staff on Tenterhooks as James Mwangi’s Intra-Group Integrity Cleanup Enters Kampala

The wave of integrity audits that saw over 1,200 employees sacked in Kenya is now sweeping across Equity Group’s subsidiaries in East Africa, with Uganda the latest to feel the heat. Staff
June 12, 2025

 

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