Stronger deposits and lending mirror wider gains across banking sector Kampala, Uganda | THE INDEPENDENT | Bank of Baroda Uganda reported a 17% increase in annual profit, as steady loan growth and rising customer deposits underscored momentum across Uganda’s banking industry. Profit after tax rose to Shs 156.8 …
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The board proposed a dividend of KSh11.7 billion, up from KSh9.1 billion in the previous year Kampala, Uganda | JULIUS BUSINGE | NCBA Group reported a 7% increase in net profit to KSh23.4 billion ($181 million) for the year ended December 2025, helped by stronger asset growth, improved …
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For investors and analysts, the latest results underline a shifting competitive dynamic NEWS ANALYSIS | THE INDEPENDENT | Equity Group Holdings Plc has extended its lead over rival KCB Group Plc after reporting a sharp rise in annual profits, underscoring how regional diversification and digital banking are redrawing the …
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Equity Group records historic results reporting a 55% growth in profit after tax of Kshs 75.5 billion, underscoring the success of its strategic transformation. Nairobi, Kenya | THE INDEPENDENT | Equity Group Holdings Plc has announced record results in Kenya’s corporate history, posting a 55% increase in profit after tax …
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Shareholder Commends PostBank for Being a Profitable Government Entity and Registering Ushs. 35.4 billion PAT in 2024 Financials Kampala,Uganda | THE INDEPENDENT | Shareholders have hailed PostBank for being among the top 10 performing banks in the country and seconded its rebranding to Pearl Bank. The highlight of the bank’s solid performance …
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Equity Group reports Kshs 15.4 billion profits after tax on prudent cost management and resumption of growth Nairobi, Kenya | THE INDEPENDENT | Demonstrating strategic agility and resilience in a dynamic global economic landscape, Equity Group has achieved strong results and growth of its diversified business across the region, becoming …
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The company hopes to increase tablet production from 1.4bn to 2.4bn annually Kampala, Uganda | THE INDEPENDENT | Uganda’s largest pharmaceutical manufacturer, Quality Chemical Industries Ltd (QCIL), has secured a US$36 million (Shs133 billion) financing facility from Stanbic Bank Uganda to construct a second production facility, capitalising on a strong financial …
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The sector delivered a record performance in 2024, with industry-wide net profits surging 16% year-on-year to Shs1.6 trillion Kampala, Uganda | THE INDEPENDENT | Uganda’s banking sector delivered a record performance in 2024, with industry-wide net profits surging 16% year-on-year to Shs1.6 trillion ($420 million), buoyed by improved cost structures, asset …
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This strong performance allowed MTN Uganda to declare a second interim dividend of Shs 7.5 per share Kampala, Uganda | THE INDEPENDENT | MTN Uganda has recorded a significant 29.6% increase in profit after tax, reaching Shs 459.4 billion for the nine months ending September 30, 2024. The robust growth is …
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Kampala, Uganda | THE INDEPENDENT | MTN Uganda has announced a 29.6% year-on-year increase in profit after tax, totaling Shs 459.4 billion for the nine months ending September 30. The growth was largely attributed to exceptional performance in MTN Uganda’s data and fintech segments, aligned with the company’s commitment to digital …
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The Independent Uganda: You get the Truth we Pay the Price
