Kampala, Uganda | THE INDEPENDENT | Airtel Africa reported strong FY’26 results, with profit after tax rising to $813m, driven by a 29.5% increase in reported revenue to $6,415m, as data became the largest revenue component. The customer base increased to 183.5 million, with Airtel Money processing over $215bn in …
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Kampala, Uganda | NEWS CORRESPONDENT | Pearl Bank Uganda has announced strong financial results for the year ended 31 December 2025, underlining its growing market relevance, deepening customer trust, and accelerating digital transformation. Pearl Bank recorded a significant increase in profitability, with Net Profit After Tax (PAT) rising to Sh47.3 …
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Kampala, Uganda | THE INDEPENDENT | Housing Finance Bank posted a net profit of Shs 85.4 billion for the year ended December 31, 2025, marking a 20 per cent increase from Shs 71.1 billion recorded in 2024, as the lender reported strong growth across key financial indicators. The bank’s …
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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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