Strong revenue growth and strategic lending drive Stanbic’s strongest first-half performance Kampala, Uganda | JULIUS BUSINGE | Stanbic Uganda Holdings Limited (SUHL) has posted a 28.2% increase in net profit for the first half of 2026, highlighting the resilience of Uganda’s banking sector even as businesses continue to grapple …
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Self-service replacing the brick-and-mortar model COMMENT | LAURA BAHEMUKA | The evolution of banking from what it was, brick-and-mortar, to what we are witnessing today is all thanks to the growth in technology and innovations. These have enabled digitisation in banking so that more people are ushered into …
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Taking control of Safaricom is accelerating Vodacom’s shift from a traditional telecommunications operator into a digital financial services business powered by M-PESA. SPECIAL REPORT | BIRD AGENCY | South Africa-headquartered Vodacom is entering its biggest strategic reset in decades after taking control of Safaricom, the Kenyan telecommunications …
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The lender has unveiled new platforms to enhance customer experience, business efficiency and financial inclusion through technology-driven banking solutions NEWS ANALYSIS | JULIUS BUSINGE | NCBA Bank Uganda has launched two digital banking platforms aimed at transforming how individuals and businesses access and manage financial services, as …
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A new Bank of Uganda policy seeks to push businesses and individuals towards electronic payments, but the transition will test the country’s digital infrastructure and financial readiness Kampala, Uganda | JULIUS BUSINGE | Bank of Uganda’s move to cap over-the-counter withdrawals marks a major shift in how businesses …
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Kampala, Uganda | URN | The effects of the conflicts in the Middle East and Eastern Europe have dominated the 29th Ordinary Meeting of the Monetary Affairs Committee of the East African Community, which just ended in Uganda. All seven governors of the central banks (minus DRC) decried the …
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Kampala, Uganda | THE INDEPENDENT | As Uganda’s Pearl Bank marks a year since rebranding, officials are confident that their new identity reflects the bank’s transformation into a digitally progressive, inclusive, and nationally grounded financial institution. “The rebranding also signifies the bank’s readiness to embrace the future with confidence, ensuring …
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Besides gold being a long-term store of value, the precious metal has been found to provide protection against financial sanctions imposed by Western governments COMMENT | LUKE HARTIGAN | Over the past few years, central banks have been quietly buying up significant quantities of gold. As the trend has …
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Kampala, Uganda | NEWS CORRESPONDENT | Uganda’s ambition to accelerate economic growth and unlock private sector potential will depend on how quickly stakeholders align policy, capital and partnerships into coordinated, action-driven outcomes, dfcu Bank has said. The call was made during the Foreign Chambers Policy Summit in Kampala, where …
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African banks are sustaining some of the highest returns in global finance as rising profitability spreads across major markets. The gains reflect deeper financial penetration but increasingly point to a system that must now convert earnings strength into long-term efficiency, digital scale, and broader credit access. SPECIAL REPORT …
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The Independent Uganda: You get the Truth we Pay the Price
