Through its Kyusa Level campaign, dfcu Bank is strengthening ties with traders in Nabugabo and Kisekka, highlighting unsecured business financing of up to UGX 200 million and other solutions to help them manage and grow their businesses. Kampala, Uganda | NEWS CORRESPONDENT | dfcu Bank has taken its …
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Kampala, Uganda | THE INDEPENDENT | At 29, Robinah Omolo is building a business in Lira City while working towards a better future for her nine-year-old son. What began as a small venture funded by a friend’s loan has gradually grown into a shop, supported by personal savings and, more …
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Physical branches remain important for advisory services and complex transactions, but they are no longer the primary centre of financial activity COMMENT | MARK MUYOBO | Uganda’s financial sector is undergoing a quiet but intense transformation. For decades, competition among banks was driven by interest rates, fees, branch …
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Pride Bank welcomes Beatrice Lugalambi to its executive leadership team Kampala, Uganda | BUSINESS CORRESPONDENT | Pride Bank Limited is welcoming Beatrice Lugalambi to its executive leadership team, bringing on board one of Uganda’s experienced banking professionals as the institution strengthens its leadership capacity and advances its …
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SPECIAL REPORT | As traditional international lenders retreat from fossil-fuel financing, the establishment of a US$5 billion Africa Energy Bank signals a determined effort by African governments to reclaim control over the financing and development of the continent’s energy resources. But turning that ambition into industrial transformation will require …
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Exim Bank has financed major projects across Uganda’s transport, energy and oil sectors, becoming one of the country’s most consequential infrastructure financiers. Kampala, Uganda | IAN KATUSIIME | The Kampala–Entebbe Expressway is one of Uganda’s most visible infrastructure investments financed by China’s Export-Import Bank (Exim Bank), illustrating …
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Beyond profits, dfcu quantifies its economic, social and environmental contribution Kampala, Uganda | JULIUS BUSINGE | Serena Kigo, overlooking the tranquil waters of Lake Victoria, provided a fitting venue for dfcu Bank’s inaugural Report to Society 2025, unveiled on October 27. The setting reflected the environmental responsibility underpinning …
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The South African lender’s takeover of NCBA offers a shortcut to regional growth, but established rivals will not give up customers easily Kampala, Uganda | ISAAC KHISA | African banking has a new contender in the contest for East Africa’s customers. Nedbank, one of South Africa’s largest lenders, …
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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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The Independent Uganda: You get the Truth we Pay the Price
