April 04
Uganda: NCBA Monthly Mug Challenge Set for Namulonge
NCBA Bank will sponsor the Monthly Mug challenge at the MaryLouise Simkins Memorial Golf Club in Namulonge. The NCBA Monthly Mug tournament is scheduled to take place on April 27,… Read more »
March 26
Uganda: NCBA Bank Joins Indian Community in Holi Festival Celebrations
Ugandan Indians, alongside members of the wider community, converged over the weekend for an evening of jubilant festivities, commemorating the onset of spring and the symbolic… Read more »
December 11, 2023
Uganda: Bou Keeps Interest Rates Unchanged
On Dec.6, the Bank of Uganda (BoU) kept the central bank rate unchanged and promised to keep monitoring inflation and ensuring the overall health of the economy. Read more »
August 02, 2023
Uganda: Govt Names Steering Committee to Spearhead Co-Op Bank Revival
The dream of reviving the cooperative bank is getting closer to reality as a steering committee is commissioned by the government. Read more »
July 04, 2023
Uganda: Five African Multinational Commercial Banking Groups Embrace Papss Payment Platform
Five African multinational commercial banking groups including KCB Group, Standard Bank Group, UBA Group, Ecobank Group and Access Bank Group have signed a Memorandum of… Read more »
April 12, 2023
Uganda: Bank of Uganda Will Attract FDI in Excess of U.S.$15 Billion in the Medium Term
In an exclusive interview with the African Business, the Deputy Governor of the Bank of Uganda, Michael Atingi-Ego, talks about how the bank is dealing with inflation and the… Read more »
March 15, 2023
Uganda: Comment - Is MTN Uganda On the Verge of Becoming a Bank?
Imagine waking up one day to find MTN Uganda operating electric purses, issuing debit cards and prepaid cards, taking fixed deposits, and investing some of the money they get in… Read more »
March 02, 2023
Uganda: African Development Bank Concludes 2023 Insurer Roadshow to Mobilize Private Capital for Africa
The Co-Financing, Syndications and Client Solutions department of the African Development Bank Group has met with London-based insurers to galvanize continued support of the Bank's… Read more »
February 23, 2023
Uganda: Absa Bank Uganda Staff Plant 6,000 Trees in Kawempe
Staff from Absa Bank Uganda have taken part in a community sensitisation and environmental awareness campaign in partnership with the My Tree Initiative to plant up to 6,000 trees… Read more »
February 20, 2023
Uganda: UDB Records 52 Percent Surge in Loan Portfolio to Shs1.2tn
Uganda Development Bank, the country's national development finance institution has reported a 52% surge in loan portfolio to Shs1.2trillion for the year ended December 31, 2022,… Read more »
February 03, 2023
Uganda: Centenary Bank Moves to Support School Owners and Parents As Schools Resume
Centenary Bank has announced it is offering affordable Cente education product for parents, students and school proprietors in a bid to cushion their financial burden as schools… Read more »
January 25, 2023
Uganda: Britam Uganda Won't Exit the Market
Britam Insurance Company (Uganda) Limited and Britam Asset Managers Company (Uganda) Limited executives have said, the company does not have any plans to exit the Ugandan market. Read more »
Uganda: Ecobank Supports Community Change Makers
Ecobank Uganda has extended in-kind funding of Shs1million to eight community change makers as part of its recently concluded digital campaign dubbed "12 days of… Read more »
September 27, 2022
Uganda: Housing Finance Bank Launches Online Govt Securities Portal That Allows Customers to Invest On the Go
Today, Housing Finance Bank officially launched its Government Securities Portal with a campaign dubbed" Invest On The Go" at Mestil Hotel and Residences, Kampala. The online… Read more »
August 30, 2022
East Africa: Stanbic Records U.S.$40 Million Transactions Via Its East Africa Borderless Platform
The phenomenal growth of Stanbic Bank's East Africa Borderless Banking platform has revealed a pent-up demand for secure, real-time transactions across international borders. Read more »
Uganda: Stanbic Bank Boosts Customers Amidst Tough Economic Environment
Stanbic Bank customers can now expect to enjoy flexible terms when accessing loans including an increased loan tenure of up to 84 months and zero percent arrangement fees on all… Read more »
August 24, 2022
Uganda: Uganda's Insurance Premiums Up 18.5 Percent to Shs711.6bn
Insurers in Uganda have recorded an 18.5% growth in gross written premiums for the six-month period ending June.30 to Shs 711.6bn. Read more »
June 27, 2022
Uganda: Stanbic Bank, Prudential Unveil Joint Medical Insurance Cover
Stanbic customers are now able to acquire for themselves and loved ones, annual medical insurance cover of up to Shs20million, courtesy of Stanbic MediProtect, a joint offer by the… Read more »
June 21, 2022
Uganda: Interbank Lending Gets Major Boost As Tradeclear Platform Covers Risk
Fifteen Ugandan banks have signed onto the TradeClear platform to ease and boost interbank trade within the country. Read more »
May 03, 2022
Uganda: How Will Banks Perform As the Economy Recovers?
Uganda's largest commercial banks reported a sharp growth in earnings in 2021, pointing to the recovery of the economy following its partial reopening. Read more »
April 26, 2022
Uganda: Afreximbank Records 10 Percent Growth in Profit to $387.3 Million
Pan-African multilateral lender, African Export-Import Bank, recorded a 10% growth in profit for the year 2021 to $387.3 million, demonstrating a strong and resilient growth. Read more »
April 21, 2022
Uganda: Uganda Ready to Host East African Central Bank
First Deputy Prime Minister Rebecca Kadaga has urged the Uganda government and the private sector to focus on tapping into the DRC and West African market, as the East Africa… Read more »