Uganda Banking Sector 2024 Archives

Kenneth Kisambira, CEO of UBA Uganda (left), and Ms. Ali Fatima, Acting Managing Director of GTBank Uganda (right), lead the Ugandan subsidiaries of Nigeria’s banking giants—two institutions still striving to convert Pan-African ambition into sustained local impact amidst fierce competition from regional and local peers.

Nigerian Banks Fail to Deliver on Their Threat to Shake Up Ugandan Market

In a 2007 pre-opening interview with the CEO East Africa Magazine, Manz Denga, the then United Bank for Africa (UBA) Managing Director, spoke strongly about his bank’s ambitions in Uganda. “Ugandan banking

May 18, 2025

The Big Story

A visual round-up of all 23 commercial banks that defined Uganda’s banking story in 2024—a year marked by record UGX 1.63 trillion profits, UGX 4.08 trillion asset growth, big-bank dominance, mid-tier breakthroughs, and sector-wide profitability, save for one new entrant.

Uganda’s Banks in 2024: Profits Surge, Giants Hold Ground, and Mid-Tier Challengers Rise

Uganda’s banking industry closed 2024 on a notably stronger footing, driven by robust asset expansion, a resurgence in profitability, and intensified market competition. For the first time in over a decade, all

May 5, 2025

Business & Markets·The Big Story