April 23
Uganda: Equity Bank Admits 110 Students to Its Leaders Programme
Equity Bank Uganda has selected 110 high-performing students from the 2023 Uganda National Examination Advance Certificate of Education for its Equity Leaders program. Read more »
April 17
Uganda: What Next for Banks That Have Not Hit the Shs150bn Capital Requirement?
In 2022, Finance minister Matia Kasaija signed a ministerial instrument, increasing the minimum capital requirements for banks by 6 Times or 500 percent, from Shs25 billonto Shs150… Read more »
Uganda: Equity Bank Supported My Path to Empowerment - Mwesigwa
My name is Allan Mwesigwa, age 32 years, I hail from Gita-Nabutaka village in Nangabo town council, Wakiso district. Read more »
April 08
Uganda: URA Urged to Address 15 Percent Withholding Tax On Members' Dividends
Savings and credit cooperative organizations (Saccos) in Uganda have called upon the Uganda Revenue Authority (URA) to clarify the 15% withholding tax imposed on members' dividends… Read more »
February 19
Uganda: Banks Want Harsher Punishments for Fraudsters
The Uganda Bankers' Association (UBA) has proposed stiffer and painful penalties for individuals involved in financial fraud. Read more »
November 01, 2023
Uganda: Wendi - Postbank Launches Mobile Wallet Platform to Drive Financial Inclusion
PostBank Uganda has launched its mobile wallet named Wendi in a move that aims to usher in a new era of financial empowerment for the unbanked and underserved population through… Read more »
October 25, 2023
Uganda: Here Is Reason for You to Embrace Islamic Banking
Assalaam alaykhum wa rahmatullahi wa barakaatuh... Read more »
October 09, 2023
Uganda: Minister Anite Warns of Punitive Measures On Banks Refusing to Disburse Govt Credit Facility
The State Minister of Finance in charge of Investment and Privatisation, Evelyn Anite has warned that government is working with the Central Bank to punish financial institutions… Read more »
September 27, 2023
Uganda: One in Four Customers Dissatisfied With Their Insurer, Study
A study by the Insurance Regulatory Authority(IRA) has indicated that one in four customers are dissatisfied with their insurer and the services they get from them. Read more »
September 19, 2023
Uganda: Kenya High Commissioner and I&M Bank Uganda Discuss Joint Environmental Conservation Efforts
The Kenyan High Commissioner to Uganda, His Excellency Rtd Maj. General George A. Owinow has today Monday 18 September 2023, hosted a delegation from I&M Bank Uganda, led by… Read more »
September 14, 2023
Uganda: Uganda's Insurance Sector Defies Odds to Continue With Growth Trajectory
Uganda's insurance sector has continued with its growth trajectory to ensure premiums grow to shs898.10billion representing a 16.5% growth to the half year results released on… Read more »
September 11, 2023
Uganda: Ugandans Urged to Fully Utilise Islamic Banking as Salaam Bank Secures BoU Licence
The permanent secretary to the treasury Ramathan Ggoobi has urged Ugandans to fully utilise Islamic banking regardless of their faith. Read more »
September 09, 2023
Uganda: Salaam Becomes First Bank to Get Islamic Banking Licence in Uganda
Salaam Bank Limited has become the first financial institution in Uganda to be licenced to offer Islamic banking services in the country. Read more »
September 07, 2023
Uganda: New Insurance Product Targets Boda Boda Riders, Passengers
For just shs6000 a month or shs 72,000 a year, passengers who use Safe Boda as a means of transport will be assured of up to shs1 million in insurance cover, in case of an accident… Read more »
August 22, 2023
Uganda: UMA, UIA Form Partnership to Promote Insurance Awareness for Businesses
The chairman of the Uganda Manufacturers Association (UMA) Deo Kayemba, has reaffirmed their commitment of to collaborate with the Uganda Insurers Association (UIA) in developing a… Read more »
July 28, 2023
Uganda: Raxio Data Centre Gets Nod From Bankers' Association
Members of the Uganda Bankers Association (UBA) have made visit to the Raxio data centre in Namanve Industrial Park in Kampala in a bid to acclimatize with how it works. Read more »
July 25, 2023
Uganda: Absa, UAP Old Mutual Target Non-Salaried Individuals With New Medical Insurance Product
Absa Bank Uganda has partnered with UAP Old Mutual to launch the Absa medical insurance, a policy targeting self-employed and non-salaried individuals in the drive to increase… Read more »
Uganda: Museveni Encourages Muslims to Tap Into the Benefits of Islamic Banking
President Museveni has urged the Muslim community to utilise Islamic banking for the advancement of their communities. Read more »
July 20, 2023
Uganda: Bankers Association, Visa Move to Accelerate Contactless Digital Payments
The Uganda Bankers Association(UBA) has partnered with global digital payments leader, VISA to spearhead a program to accelerate contactless digital payments in the country. Read more »
July 19, 2023
Uganda: I Do Not Want the Bank of Uganda Governor Job - Nandala Mafabi
The opposition Forum for Democratic Change (FDC) Secretary General Nathan Nandala Mafabi has denied allegations that he is eyeing the Bank of Uganda Governor Job in a give-and-take… Read more »
July 18, 2023
Uganda: Airtel, Prudential's Low-Cost Insurance Scheme Reaches 370,000 Customers in Four Months
The recently launched Hospital Sente Micro Insurance by Airtel Mobile Commerce Uganda Limited (AMCUL) in partnership with Prudential Uganda and Turaco Insurance Brokers Limited has… Read more »
July 11, 2023
Uganda: UDB's Patricia Ojangole Wins Prestigious Global Leadership Award
Uganda Development Bank's Managing Director, Patricia Ojangole has for the third year running won the sustainability leader of the year award at the prestigious Annual Karlsruhe… Read more »
June 28, 2023
Uganda: Mubaje Calls for Interest-Free Solutions to Poverty
The Mufti of Uganda, Sheikh Shaban Ramadhan Mubaje has applauded the Financial Institutions Amendment Bill, 2023, which aims to implement Islamic banking. Read more »
Uganda: Uganda Closer to Activating Islamic Banking
Parliament has passed a series of Bills to harmonise issues relating to Islamic Banking products, only setting aside the Income Tax Amendment Bill for committee and government… Read more »
June 15, 2023
Uganda: Insurance Companies Gross Premiums Hit SHS1.4trillion
Uganda's insurance industry raised shs1.4 trillion in gross written premiums in the year 2022, the Insurance Regulatory Authority has said. Read more »