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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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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The Independent Uganda: You get the Truth we Pay the Price
