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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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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The Independent Uganda: You get the Truth we Pay the Price
