Uganda economy- Page 5

Absa Bank Uganda Managing Director, David Wandera, speaking at the launch of the bank’s reintroduced Custody Services, a milestone move to strengthen Uganda’s capital markets and empower institutional investors.

Absa Bank Uganda Reintroduces Custody Services to Boost Capital Markets

Absa Bank Uganda has reintroduced its custody services in a move that underscores the bank’s commitment to deepening Uganda’s capital markets. The development provides institutional investors with secure, efficient, and compliant solutions
October 7, 2025
Crystal Kabajwara, Chairperson of the Tax Appeals Tribunal, has steered the institution to a record-breaking FY2024/25, unlocking UGX 506 billion for the economy and boosting case disposal by 144%.

Tax Appeals Tribunal Shatters Records in FY25, Unlocks UGX 506 Billion for the Economy as Case Disposal Surges 144%

The Tax Appeals Tribunal (TAT) has posted its most successful year since its inception in 1999, resolving a record number of tax disputes, slashing case backlog, and releasing unprecedented sums back into
September 4, 2025
Arua Women entrepreneurs pose for a photo during the WiBAS training held at Muni University, Arua District. The workshop was conducted under the theme: "Handholding Women for Business Sustainability."

719 Women Entrepreneurs in Northern Uganda Skilled by PostBank and WiBAS on Sustainable Business Growth

In partnership with PostBank Uganda, the Women in Business Awards (WiBAS) has skilled over 719 Women in the second edition of the WiBAS Handholding Workshop, aimed at equipping women entrepreneurs in West
Matia Kasaija (2nd R), Minister of Finance, Planning, and Economic Development, Evelyn Anite (2nd L), State Minister of Finance for Investment and Privatization, Andrew Otengo Owiny (R), PostBank Uganda Board Chairman, and Julius Kakeeto (L), PostBank Uganda Managing Director during the bank’s 2024 Annual General Meeting (AGM) today 5th June 2025 at the Ministry of Finance, Planning and Economic Development (MoFPED) offices in Kampala, where its performance was commended by the shareholder, highlighting the bank’s solid performance and being among the most profitable Government entities after posting Ushs. 35.4 billion Profit After Tax (PAT) in 2024 Financials.

From PostBank to Pearl Bank: Uganda’s Boldest Banking Transformation Shines On

Numbers Don’t Lie. In 2024, PostBank Uganda posted a record UGX 35.4 billion in net profit—up 28.7% from UGX 27.5 billion in 2023. Customer deposits surged 25.4% from UGX 789.8 billion to
June 6, 2025
The Uganda Bankers’ Association (UBA) Chairperson and PostBank Managing Director, Julius Kakeeto and Moses Kaggwa, the Director of Economic Affairs at Uganda's Ministry of Finance, Planning and Economic Development.

Uganda’s Banking Sector Gears Up to Support Ambitious USD500 bn GDP Growth Plan

The Uganda Bankers’ Association (UBA) has reaffirmed its commitment to supporting the Ugandan government’s ambitious economic expansion strategy, which aims to grow the country’s GDP from USD 50 billion to USD 500
February 19, 2025
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