Capital expenditure, including leases, jumped 62.7% to UGX 455.1 billion, as the company accelerated network builds and fiber expansion. Capex excluding leases rose 44.6% to UGX 317.7 billion. MTN Uganda Limited reported that its first half profit after tax rose 37.7% to UGX 367.5 billion, helped by higher revenue and a smaller tax bill, as…
Stanbic Bank has launched access to China’s Cross-Border Interbank Payment System (CIPS), allowing Ugandan businesses to settle trade transactions directly in Chinese yuan (renminbi/RMB) and reducing reliance on the US dollar. This development positions Stanbic, part of the Standard Bank Group, as the first financial institution in the country to offer the integration. It was…
Martha Alle Mwesigye/ Courtesy photo Opportunity Bank Uganda has appointed Martha Alle Mwesigye to its Board of Directors, bringing more than 16 years of experience in leadership, organisational management and corporate governance. Mwesigye joins the Board as the bank continues to grow its business, strengthen its operations and widen access to financial services. She has…
NCBA Group Plc has posted a 12.2% increase in first-half profit as East Africa’s economic recovery fueled lending and customer deposits, helping the regional lender offset a sharp increase in provisions set aside against potentially bad loans. Net income rose to KSh12.4 billion in the six months ended June 30 from KSh11 billion a year…
The partnership goes beyond sponsoring a sporting event and reflects the Bank’s long-term commitment to creating economic opportunities for underserved communities Equity Bank Uganda has reaffirmed its commitment to women’s economic empowerment by sponsoring the third edition of the 2026 Watoto Golf Tournament with Shs10 million, reinforcing its support for initiatives that create sustainable livelihoods…
Financial Sector Deepening (FSD) Uganda has appointed Zerubabel Kwebiiha Junior as its new Chief Executive Officer, effective August 3, 2026. Kwebiiha joins the organisation with more than 17 years of experience in financial inclusion, digital innovation and private sector development across Africa. He takes over at a time when efforts to expand access to financial…
Uganda Airlines has launched new routes to Accra, Ghana, and Kigali, Rwanda. The national carrier says the new routes will deepen trade, tourism and investment links between Uganda and West Africa while strengthening its regional connectivity. Flights to Accra will commence on October 27 while those to Kigali will start on November 18. Speaking at…
Immaculate Asiimwe, Head of payments and channels at Equity Bank Uganda Equity Bank Uganda introduced Equity Online for Business, a next-generation platform designed to simplify financial management for enterprises of all sizes in April 2026. Immaculate Asiimwe, Head of payments and channels at Equity Bank Uganda, explains why the platform was developed, how it is…
A total of 165 women-led enterprises have graduated from the Green Businesses and Jobs for the Green Transformation Project, marking a major milestone in efforts to strengthen women’s entrepreneurship, create green jobs and accelerate Uganda’s transition to a sustainable economy. The graduation ceremony, organised by Stanbic Business Incubator Limited (SBIL) in partnership with GIZ, the…
Absa’s head office, based in the Johannesburg CBD. Image: Moneyweb DHL Express, the world leader in international express shipping, and Absa Group, a leading pan-African financial services provider, have signed a Memorandum of Understanding (MOU) under DHL’s GoTrade initiative to support small and medium‑sized enterprises (SMEs) across Sub-Saharan Africa to trade beyond borders and unlock…
