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March 29, 2026
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    Private Banking

    Absa Group Appoints M-PESA Africa CEO Sitoyo Lopokoiyit as Head of Personal and Private Banking

    Paul MurungiBanking & Financial ServicesThe Big StoryFebruary 11, 2026February 11, 2026

    Absa Group has confirmed the appointment of M-PESA Africa chief executive Sitoyo Lopokoiyit as the new head of its Personal and Private Banking division, marking a significant leadership move as…

    I&M Select Banking Sapphire Club wins “Best Innovation of the Year” at UMEAS 2025

    Brian EmorutCompany NewsNews & AnalysisDecember 14, 2025December 14, 2025

    The I&M Select Banking Sapphire Club, by I&M Bank Uganda, was named the ‘Best Innovation of the Year’ at the fifth Uganda Marketing Excellence Awards (UMEAS), held on Thursday evening…

    Invest Africa and Standard Chartered Private Bank announce strategic partnership to drive private banking growth

    CEO ReporterBusiness & MarketsNews & AnalysisThe Big StoryJuly 28, 2021July 28, 2021

    Invest Africa, a business and investment platform for African markets, and Standard Chartered Private Bank, a leading international private bank for emerging market clients, have announced a strategic partnership, focused…

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    Latest Stories

    • Proposed tax hike on second-hand clothes is likely to reignite debate, as government eyes revenue and industrial growth, sparking concerns over a possible spike in prices, worsened by weak local capacity, and potential disruption to Uganda’s garments sector.
      Tax on Used Clothes to Increase to 30%
      by Jeff Winters
      March 29, 2026
    • L–R: Nicholas Kabanda (IPPU CEO), Geoffrey Waiswa Sajjabi (NSSF Chief Commercial Officer), Isaac Kyaligonza (Commissioner, Procurement Policy – Ministry of Finance), Patrick Kagaba Amooti, and Pelly Mugasi (Emeritus Director Procurement, Bank of Uganda) during the IPPU Coffee Connect at Sheraton Hotel, Kampala, where leaders of the procurement fraternity called for stronger professional integrity, teamwork, and a renewed focus on financial literacy and early retirement planning.
      Living Longer, Saving Less: Experts Call on Procurement Professionals to Rethink Retirement Strategy
      by Muhereza Kyamutetera
      March 29, 2026
    • Government says the proposed excise duty on all cash withdrawals aims to boost revenue and fairness, as Uganda grapples with high cash usage and pushes toward a more transparent, digital financial system.
      All Cash Withdrawals Now to be Taxed
      by Jeff Winters
      March 29, 2026
    • MTN Group refreshes board with five new directors
      by Kisakye Imani
      March 29, 2026
    • Diamond Trust Bank Exits Burundi Market, Sells Subsidiary to Local Investors
      by Paul Murungi
      March 29, 2026
    • Some of the children supported by the Uganda Child Cancer Foundation pose in the 2026 Childhood Cancer Colour Run kit, embodying the resilience and hope driving this year’s campaign.
      Behind Every Step, A Child’s Story: Why Uganda Must Show Up for the 2026 Childhood Cancer Colour Run
      by Muhereza Kyamutetera
      March 28, 2026
    • Pearl Bank Donates Motorcycles to Help Church of Uganda Inspect Remote Schools
      by Paul Murungi
      March 27, 2026
    • Government plans to reduce the vehicle import age limit to 13 years and increase environmental levies on older vehicles to cut emissions, save foreign exchange, and boost revenue in the 2026/27 financial year.
      Govt Moves to Ban Importation of Cars Older Than 13 Years
      by Jeff Winters
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    • She Chose Humanity: How Miriam Opwonya Laker-Oketta Is Redefining Leadership through Dignity and Compassion
      by Kisakye Imani
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    • Under the new proposal, promoters will be required to deduct 6% and 15% withholding tax from payments to local and international artists, respectively, as government moves to tighten compliance in Uganda’s informal entertainment sector starting 2026/27.
      Promoters Will be Required to Withhold 6% or 15% on Payments Made to Artists in New Tax Measures
      by Jeff Winters
      March 27, 2026

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    Thought Leadership
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