Masaka, Uganda | THE INDEPENDENT | The lack of proper knowledge, coupled with customer resistance and misconceptions, has been blamed for the slow adoption of Environmental, Social, and Governance (ESG) principles in lending practices among microfinance institutions in the Masaka region. The ESG framework, adopted in 2022 by United Nations …
Read More »Double win for Absa Bank Uganda at 2025 Global Banking and Finance Awards
Kampala, Uganda | THE INDEPENDENT | Absa Bank Uganda has been honoured with two prestigious accolades, “Best CSR Bank Uganda” and “Best Community Engagement ESG Initiative in Uganda”, at the 2025 Global Banking and Finance Awards. These awards recognise Absa Bank Uganda’s broad and sustained impact across key areas, including the …
Read More »ESG integration: aBi Finance trains top Tier 4 Financial Institutions
Kampala, Uganda | THE INDEPENDENT | aBi Finance is equipping Uganda’s leading microfinance institutions and SACCOs with the tools to integrate Environmental, Social, and Governance (ESG) principles into their operations through a targeted training program. Delivered in partnership with the Uganda Institute of Banking and Financial Services (UIBFS), the initiative aims to drive …
Read More »Housing Finance Bank pledges to plant 1million trees by 2027
KAMPALA, UGANDA | THE INDEPENDENT | Housing Finance Bank marked World Earth Day 2025 with a groundbreaking commitment to plant one million trees by 2027, reinforcing its dedication to environmental sustainability. The announcement was made during a special event held in Kampala on April 22, where the Bank unveiled its …
Read More »UCEM CEO advocates for private sector role in enhancing local content in East Africa
Dar es Salaam, Tanzania | THE INDEPENDENT | The Uganda Chamber of Energy and Minerals (UCEM) Chief Executive Officer, Humphrey Asiimwe has reiterated private sector commitment to strengthening participation in East Africa’s petroleum industry through local content development, skills enhancement, and policy advocacy. Speaking at the 11th East African Petroleum …
Read More »Future-fit financing for African mining hinges on ESG
COMMENT | Dean Hack & Chetan Jeeva |The world is rewriting its rulebook. It’s no longer just about what you produce but how you produce it. For resource-rich regions like Africa, the implications are profound: the value of its vast reserves of critical minerals is now tied not only …
Read More »Why you must understand ESG
OPINION | Micheal Bulyerali | There has been a lot of corporate buzz around the acronym ESG, which stands for Environmental, Social, and Governance. This framework guides institutions, communities, and individuals in creating sustainable value. But why should this matter to you as an individual? Why should we, beyond organizations and governments, …
Read More »Environmental, Social and Governance compliance in financial institutions
OPINION | Pauline Arinda | A report done by EY for the Uganda Bankers’ Association in January 2024, titled “ESG Framework for Uganda’s Banking Sector,” emphasizes that adopting Environmental, Social, and Governance (ESG) principles should be viewed as a strategic move towards long-term sustainability and resilience, rather than merely a compliance issue. …
Read More »Green Inclusive Finance from aBi Finance empowering Ugandan smallholder farmers
aBi Finance intensifies commitment on Green Inclusive Finance to empower smallholder farmers and promote a sustainable agribusiness sector in Uganda Kampala, Uganda | THE INDEPENDENT | aBi Finance Ltd, a leading wholesale impact investment company, hosted a pivotal Stakeholder Engagement Forum to recognize the achievements of its financial partners and …
Read More »IFRS set to transform business practices
KAMPALA, UGANDA | THE INDEPENDENT | Entities operating in Uganda will have to adopt International Financial Reporting Standards (IFRS) in their reporting. International Financial Reporting Standards (IFRS) consist of a set of accounting rules that determine how transactions and other accounting events should to be reported in financial statements. The Institute …
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