CMA at 30 Presses Markets To Finance $500bn Ambition
The Capital Markets Authority (CMA) on Thursday used its 30th anniversary symposium to press government, issuers and intermediaries to turn three decades of market building into long term finance for a $500 billion economy. The symposium, at the Kampala Serena Hotel, closed the CMA@30 programme under the theme “Re-imagining Uganda’s Capital Markets for a Sustainable…
Equity Honours 80 Customers For Loyalty, Growth And Community Impact
Equity Executive Director Claver Serumaga in the Middle(Red Tie-Blue Suit) with outstanding customers at the Banks Customer Appreacution Breakfast at Protea Hotel Equity Bank Uganda has recognised 80 customers for loyalty, business growth, community impact and their continued engagement with the Bank, as it marked Customer Service Week 2026 under the theme “Going the Extra…
Absa Launches Wealth Investment And Advisory Proposition As Collective Investments Surpass UGX 7 Trillion
Absa Bank Uganda has launched a new Wealth proposition designed to help customers invest, grow, diversify and preserve their wealth through a single trusted banking relationship. The launch comes at a time when Uganda’s investment landscape is experiencing significant growth. According to the Capital Markets Authority, assets under management in Collective Investment Schemes have grown…
Bank of Uganda Licenses Four Large Saccos As Regulated Institutions Rise To 10
The Bank of Uganda (BoU) has licensed four large savings and credit cooperative societies (SACCOs), bringing the number of large SACCOs under its supervision to 10. The licences were handed over on Wednesday, October 7, 2026, at a ceremony attended by representatives of the four SACCOs. Representing the BoU Governor, Executive Director of Supervision and…
CMA Uganda Clears Dangote Refinery IPO For Select Investors
Capital markets regulator, Capital Markets Authority (CMA) has cleared the sale of shares in Dangote Petroleum Refinery and Petrochemicals FZE to selected Ugandan investors, but barred the company from making a public appeal for investors. The agency said on October 6 that it had approved the offer of securities under the refinery’s Initial Public Offering…
NCBA Bank Uganda Names Rutemberwa New Chief Information Security Officer
NCBA Bank Uganda has appointed Brian Mwine Rutemberwa as its Chief Information Security Officer (CISO), as the bank moves to strengthen its information security and cybersecurity functions. Rutemberwa joins the bank with more than 20 years of experience in technology and cybersecurity, having worked across banking, financial services, telecommunications, and other corporate environments. He has…
Equity Bank Urges Diaspora To Invest Remittances, Build Wealth
For years, money sent back home by Ugandans living abroad has helped families pay school fees, medical bills, build homes, and meet everyday needs. But Equity Bank is urging the diaspora to go a step further by turning part of their remittances into productive assets, businesses, and investments that can generate income. The bank made…
September Stanbic PMI Reveals Sustained Consumer Demand
Christopher Legilisho, Economist at Stanbic Bank making remarks during the recently concluded Economic Forum in Kampala Investments in advertising and greater product quality were widely cited as drivers of consumer confidence, with all monitored sectors in the monthly Stanbic Purchasing Managers’ Index (PMI) registering optimism during September. Compiled by S&P Global, the latest survey data…
Old Mutual Insurance Uganda Appoints Peter Mukuru To Board
Old Mutual Insurance Uganda Limited has appointed Peter Mukuru as a director on its Board, bringing more than 22 years of experience across corporate governance, strategy, risk management and technology. Mukuru has held senior leadership positions in government agencies, regulatory bodies, utilities, multilateral development institutions and private-sector organisations in Uganda. His experience covers enterprise risk…
Strong Dollar Demand From Corporates Further Depreciates Uganda Shilling
The Uganda shilling extended its depreciation against the US dollar in today’s session, weakening from opening levels of 4020 / 4030 to close at 4045 / 4055, according to the Absa Bank Uganda’s Tuesday market report. The sustained pressure continued to stem from strong dollar demand from corporate players, with offshore investors being particularly active…
