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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Thousands attend “dfcu Humanity Day” Community Health Camp in Busoga Jinja, Uganda | NEWS CORRESPONDENT | Thousands trekked to Walukuba West Gardens in Jinja City May 14th as dfcu Bank commemorated 62 years with a renewed commitment to “transforming lives and businesses in Uganda”. The bank hosted a large-scale Great Community Health Camp …
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African central banks are increasingly linking domestic gold refining to reserve management as countries move to retain more value from minerals. The shift reflects a broader effort to diversify away from foreign currency assets while strengthening local supply chains. SPECIAL REPORT | BIRD AGENCY | Uganda’s foreign exchange …
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Uganda’s insurance boom is failing to reach the majority Kampala, Uganda | JULIUS BUSINGE | Uganda’s insurance industry is being forced to confront an uncomfortable truth: it is growing, but it is not yet protecting most Ugandans. That was the central message at the 4th Annual Insurance Agents …
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Kampala, Uganda | THE INDEPENDENT | Uganda’s financial sector is positioning itself for a structural shift toward sustainability-driven finance, with aBi Finance and its partners launching two initiatives that could reshape how banks and microfinance institutions measure risk, attract capital, and compete in a tightening global regulatory environment. Unveiled at Four Points …
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KCB targets the growth gap in female-led firms Kampala, Uganda | JULIUS BUSINGE | Uganda’s banking sector is sharpening its focus on women entrepreneurs, as lenders roll out targeted products to close a long-standing financing gap that has constrained the growth of female-led businesses. Against this backdrop, KCB Bank …
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Kampala, Uganda | URN | The Uganda Bankers’ Association (UBA) has raised concern over the draft Protection of Sovereignty Bill 2026, warning that it could negatively impact Uganda’s financial sector and slow down economic growth. In a letter addressed to the Attorney General on April 13, 2026, the bankers’ body said …
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Kampala, Uganda | NEWS CORRESPONDENT | Pearl Bank’s full evolution from PostBank to its current identity has got another boost, with Pearl Bank’s latest financial results for the year ended December 2025 telling a story of strong growth. Profit after tax rose 34 percent to sh47.3 billion, customer deposits climbed 43 …
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The Independent Uganda: You get the Truth we Pay the Price
