Equity Bank Uganda and FITSPA Strengthen Digital Financial Inclusion through Fintech Collaboration Kampala, Uganda | THE INDEPENDENT | Gift Shoko, Managing Director of Equity Bank Uganda, has re-affirmed that the future of banking is not just about banks but more about strategic partnerships and shared infrastructure with FinTechs to provide seamless …
Read More »Equity Bank crowns Abakyala ku Ntiiko series in Kiboga
Kiboga, Uganda | THE INDEPENDENT | Rhoda Nakintu, Administrative Secretary for Kiboga District has called on the women to practice the habit of saving and lead in the discipline of repaying loans diligently. “Through Equity Bank’s support, I have learned that consistent repayment opens doors to greater opportunities. The real obstacle …
Read More »Time to celebrate as Uganda airlines spreads wings to Europe
COMMENT | Samson Tinka | At 9.25am on May 18th, it is planned that Uganda Airlines will depart Entebbe International Airport for Gatwick London. At exactly 16:55hrs, the Airbus A330-800 Neo will touch down. The journey from Entebbe to London that has been hitherto 18 or 18 sometime 22 hours depending …
Read More »Equity Group posts Kshs 48.8 billion in net profit
Equity Bank Rwanda, Tanzania, Uganda, and DRC all recorded impressive growth in returns with market almost doubling Nairobi, Kenya | THE INDEPENDENT | Equity Group Holdings Plc has reported a robust 17% increase in net profit to Kshs 48.8 billion for 2024, as the Nairobi-based regional lender capitalised on a …
Read More »Stanbic Uganda posts 16% growth PAT to 478billion
The lender has proposed a total dividend payout of Shs 300 billion to its shareholders reflecting a 7.1% annual increase compared to the previous year Kampala, Uganda | THE INDEPENDENT | Stanbic Uganda Holdings Limited (SUHL), the parent company of Stanbic Bank Uganda and its subsidiaries, has posted a 16.2% growth …
Read More »Old Mutual Investment Group advocates diversification as key to financial resilience
Kampala, Uganda | THE INDEPENDENT | In an era marked by economic volatility and rapid technological change, Old Mutual Investment Group Uganda (OMIG) has reaffirmed the critical role of diversification in building resilient investment portfolios. Godfrey Bukomeko, Investment & Financial Adviser at Old Mutual, emphasized in a statement that …
Read More »Experts: Uganda must continue anti-money laundering reforms
Reports estimate that trade-based money laundering costs Uganda over $6.6 billion annually Kampala, Uganda | JULIUS BUSINGE | Financial experts have called for sustained collaboration between Uganda’s public and private sectors to strengthen the country’s anti-money laundering (AML) framework, following its recent removal from the Financial Action Task Force (FATF) Grey …
Read More »Work set to start building Uganda’s first oil refinery
Uganda, UAE Firm Sign Refinery Implementation Agreement Entebbe, Uganda | THE INDEPENDENT & AGENCIES | Uganda has signed a deal that paves the way for the implementation of its first crude oil refinery project. UAE-based Alpha MBM Investments will have a 60% stake in the oil refinery to be built …
Read More »Wazesha Impact awards certificates to 400 returned migrants
Returnees from Middle East given new skills, qualify in entrepreneurship training supported by the International Labour Organization, UK government and Finance Trust Bank Kampala, Uganda | THE INDEPENDENT | Wazesha Impact has awarded certificates to 400 returned migrants who completed their entrepreneurship training. The graduates have been undergoing business upskilling through the …
Read More »‘Fool’s Gold’ taints Uganda’s mineral sector
Kampala, Uganda | THE INDEPENDENT | Escalating cases of god scams are undermining revenue collection as well as investments in the mining sector says one of the energy and mining policy experts in country. Bwesigye Don Binyina, the Executive Director of the African Centre for Energy and Mineral Policy (ACEMP) …
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