NCBA Bank Uganda has announced its financial results for the fiscal year 2023, showcasing robust growth and profitability driven by strategic investments in a strong performance culture. The bank reported a net profit of Shs27 billion, marking a significant 17%…
Mumba Kenneth Khalifungwa is a distinguished leader serving as the Managing Director of Absa Uganda, bringing with him a wealth of experience and a visionary leadership style. His tenure has been marked by significant achievements and contributions to Absa Group’s…
Huawei Cloud Enterprise Innovation and SME Summit Uganda 2024 kicked off in Kampala where over 100 industry startups, fintech’s, venture capitals, government organizations and key strategic partners in Uganda gathered for a colorful event held at the Kampala Sheraton Hotel…
The Agricultural Business Initiative (aBi) has launched two innovative programs worth Ushs66.8 billion to revolutionize Uganda’s agricultural sector and tackle the climate crisis. The Green Agrifood System Programme (GRASP) and Accelerating Adoption of Green and Inclusive Finance (AAGIF) aim to…
In a strategic move to improve financing for Quickteller agents, Asante Financial Services Limited and Interswitch have partnered to unveil a pioneering credit service called Agent Float Financing. The new service, which was designed to cater to the distinct credit…
I&M Bank Uganda has partnered with the Nnaabagereka Fund for the inaugural Queen’s Ball, a prestigious dinner event aimed at supporting women, youth, and children in Uganda. The Queen’s Ball, scheduled to take place on May 9, 2024 at the…
Carrefour, operated by Majid Al Futtaim in Uganda, has announced a UGX 7 million sponsorship of the Kyambogo Ultra Challenge Run, scheduled for May 4th, starting at the Kyambogo University Cricket Oval. The Kyambogo Ultra Challenge Run, held annually since…
Diamond Trust Bank Uganda has released its annual performance results for 2023 reporting a steady double-digit growth across all major metrics such as deposits, customer lending and income, as well as net profit and total assets. The bank reported that…
Telecom giant MTN Uganda has announced a historic milestone of reaching 20 million active customers. At a special staff town hall meeting attended by a distinguished delegation from MTN Group and MTN Uganda’s leadership on Monday, Teopister Nakyanzi from Busuula…
Standard Chartered Bank Uganda has seen a significant rise in profits, doubling from Shs 40billion to Shs 80billion for the year ended December 2023. On the other hand, Bank of Baroda experienced a 2.29% decline in profits to Shs 153billion…
In the ever-evolving landscape of financial services, one term has been making significant waves – Bancassurance. This harmonious combination of banking and insurance not only simplifies a complex concept but also creates a dynamic synergy that benefits both the banking…
Uganda’s business community is set to strengthen its connections and seize new opportunities as Business Network International (BNI) Uganda hosts the BNI Expo, scheduled to take place on May 31 and June 1, 2024, at the UMA Show Grounds in…
In a groundbreaking move, TotalEnergies, a global leader in energy production and innovation, is revolutionizing employee engagement and empowerment, extending its transformative initiatives to its workforce in Uganda. This strategic shift not only aligns with TotalEnergies’ ethos of sustainability and…
Salaam Bank Uganda, a provide of Shariah-compliant financial services, has won the Best New Islamic Bank award at the prestigious Islamic Finance News (IFN) Global Awards, 2024. The coveted global award recognises the bank’s commitment to providing innovative and customer-centric…
Uganda Baati has launched its 60th anniversary campaign at a media event held in Kampala today. Founded in 1964, Uganda Baati has been at the forefront of the steel manufacturing industry, introducing numerous advancements and achieving many firsts in Uganda…