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 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…
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…
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…
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…
Housing Finance Bank (HFB) has been reappointed by the Bank of Uganda as a Primary Dealer Market Maker (PDMM) for the 2026–2029 period, extending its experience in the Government securities market to nine years. The appointment allows HFB to participate directly in auctions of Treasury Bills and Treasury Bonds and facilitate trading in the secondary…
SBG Securities, a subsidiary of Stanbic Uganda Holdings Limited (SUHL), has called on Uganda’s pensions sector to play a more strategic role in financing the country’s long-term economic transformation, saying the industry’s growing pool of long-term savings can become a powerful catalyst for achieving the government’s ambition of growing the economy tenfold by 2040. The…
Stanbic Bank Chief Executive Mumba Kalifungwa pose for a photo with some leaders ahead of the Independence Marathon. Hundreds of Ugandans turned up at Metroplex Shopping Mall in Naalya on Sunday for the second edition of the Independence Marathon, held under the theme “Save a Mother” to mobilise resources for life-saving maternal healthcare. The marathon…
Industry players have been urged to support the growth of Uganda’s mineral sector to unlock its potential through appropriate financing and investment options that will spur its growth and enable the country to attain its US$500 billion GDP target by 2040. The call was made during the 15th Annual Mineral Wealth Conference held under the…
Absa Bank Uganda has brought together financial institutions, regulators, fintechs, data protection and information-security professionals to explore how the sector can work more closely to protect customer information as financial services become increasingly digital and interconnected. The engagement, held under the theme “Trust by Design: Embedding Privacy, Consent and Responsible Use of AI across Digital…
