Kampala, Uganda | URN | The Bank of Uganda recorded a surplus of 1.32 trillion in the financial year 2025/26, representing a 100 per cent increase from the previous year, while boasting lower than forecast expenditure figures. These results reflected budget discipline, prudent expenditure management, and responsible deployment of …
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New faciliteis to strengthen delivery of Uganda’s development finance mandate Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank (UDB), Uganda’s national Development Finance Institution, has commissioned UDB Tower, its new 14-storey head office located at Plot 22, Hannington Road in Kampala. Officials said the commissioning marks a …
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Through this partnership, Pride Bank customers will benefit from two key solutions: Quickteller Agency Banking, which extends selected banking services through Interswitch’s network of more than 21,000 agents across Uganda, and the roll out of Pride Bank Verve Debit Cards, connecting customers to a wider network of ATMs and …
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Equity Bank Backs Vurra Secondary School Builds for a Bigger, Brighter Future Arua, Uganda | THE INDEPENDENT | Set against the vibrant landscape of Arua in West Nile, Vurra Secondary School is expanding to keep pace with a rapidly growing student population. School leaders are racing to add classrooms …
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Pearl Bank Loan Book Hits UGX 1 Trillion as Growth Strategy Gains Momentum Kampala, Uganda | NEWS CORRESPONDENT | Pearl Bank, whose purpose is to foster prosperity for Uganda, has announced that its loan book has crossed the sh1 trillion mark, a major milestone in the Bank’s transformation and …
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The lender approved Shs518.4 billion in new financing for 120 projects across Uganda and disbursed Shs502.2 billion NEWS ANALYSIS | JULIUS BUSINGE | Uganda Development Bank (UDB) is expanding its role as a source of long-term capital for businesses, with increased lending helping companies create jobs, raise …
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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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The Independent Uganda: You get the Truth we Pay the Price
