Group net loans grew 19% year on year, driven by expansion across the different segments including Corporate, Retail, MSME, and Public Sector Institutions (PSI) segments, with the strongest contributions from Tanzania, DRC and Uganda. Nairobi, Kenya | NEWS CORRESPONDENT | Equity Group Holdings Plc has announced a solid first‑half performance for 2026, underscoring its continued regional …
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Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank (UDB) has reported a strong 2025 performance, with increased financing supporting private sector expansion, job creation and growth in productive capacity. The development finance institution disbursed Shs502.2 billion during the year, a 29% increase from 2024, while total assets rose …
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Data is now Airtel Africa’s main revenue driver, overtaking voice, while mobile money continues to grow in importance Kampala, Uganda | THE INDEPENDENT | Airtel Africa has reported a sharp rise in annual profit, with profit after tax more than doubling to $813m in the year to March 2026, …
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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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The Independent Uganda: You get the Truth we Pay the Price
