Pride Bank Limited on Tuesday, June 24th, 2025, during a function held at its head offices in Bukoto, Kampala, announced its monumental evolution from a microfinance deposit-taking institution (MDI) into a full-fledged commercial bank. This upgrade, coupled with the launch…
Centenary Bank, a cornerstone of Uganda’s financial landscape, has announced impressive financial results for 2024, signalling a robust trajectory of market growth and operational excellence. The bank, under the leadership of Fabian Kasi, the Managing Director, reported a significant 15.2%…
The financial landscape in East Africa is evolving at an unprecedented pace, driven by rapid technological advancements and the emergence of agile FinTech companies. As traditional banking institutions grapple with this dynamic environment, a crucial question arises: How can they…
The management and staff of Stanbic Bank Uganda this week bid a proud and heartfelt farewell to Ms. Eva Grace Kavuma, who officially retired from the Board of Directors on May 28, 2025, after nine remarkable years of steadfast leadership…
PostBank Uganda’s attainment of Tier One status is a significant milestone that reflects the bank’s strong performance and commitment to serving its customers. This achievement not only demonstrates the bank’s financial stability but also enhances its competitiveness in the market.…
A recent scandal involving a Ksh1.5 billion M-Pesa scam has led to the dismissal of 200 employees at Equity Bank in Kenya, which is one of the biggest cleanups in the Bank’s history. Sources at the Bank revealed to the…
In a significant move to combat money laundering and streamline the flow of foreign currency in Uganda, the Bank of Uganda (BoU), under the leadership of Governor Michael Atingi-Ego, has announced the rollout of a new remittance form for commercial…
Since 2015, the African Development Bank has used these agreements to diversify lending within its sovereign portfolio and deploy capital effectively while preserving a resilient financial base The African Development Bank Group has signed a $3.2 billion Exposure Exchange Agreement…
Uganda’s merchandise export earnings witnessed a remarkable upswing in February 2025, climbing by 32.3% compared to the same period the previous year. Data from the Ministry of Finance, Planning and Economic Development‘s March 2025 Performance of the Economy Report reveals…
In the vibrant city of Kampala, where ambition and opportunity intersect, Catherine Poran has emerged as a transformative leader at the helm of the Stanbic Business Incubator Limited (SBIL). A visionary strategist and dedicated mentor, Catherine has earned her place…
FOCUS Africa will address key investment challenges and unlock high-impact opportunities across multiple sectors, including agribusiness, technology, infrastructure, logistics, energy, manufacturing, mining, tourism, and the blue economy The African Export-Import Bank (Afreximbank), in collaboration with the Ministry of Planning, Economic…
The African Development Bank Group has committed $934 million to SAPZs in 11 African countries Nigeria’s Cross River State became the second to mark construction of a Special Agro-Industrial Processing Zone after the country’s Vice President Kashim Shettima and African…
The deployment of MTN Uganda’s SASE Business solution has significantly enhanced Post Bank’s operational efficiency, network reliability and security, as well as customer experience. By leveraging this advanced technology, Post Bank has optimized its connectivity across 2 of its branches,…
These impressive results highlight Afreximbank’s resilience, systemic relevance and its commitment to delivering on its mandate and the objectives set under its Sixth Strategic Plan African Export-Import Bank (“Afreximbank” or the “Group”) has released the consolidated financial statements of the…
By Our Staff Writer As Uganda’s economy continues to digitize and diversify, the financial sector has seen an impressive transformation, particularly within the forex bureau and money remittance subsector. According to the Bank of Uganda, this subsector processed over Shs17.82…