United Bank for Africa (UBA) Uganda Limited has appointed Rita Mitala Balaka as the new Chairperson of its Board of Directors. Balaka is an experienced governance, risk and financial management professional with more than 30 years of leadership experience in regional and international financial institutions. Throughout her career, she has led strategic initiatives, championed organisational…
By James Sserumaga, Head of Bancassurance, Equity Bank Uganda Uganda’s bancassurance industry continues to demonstrate remarkable momentum, with banks generating more than UGX 80.8 billion in insurance premiums during the first quarter of 2026 alone. According to the latest industry performance report, Equity Bank Uganda ranked fourth among the country’s 22 licensed bancassurance providers, generating…
The Bank of Uganda (BoU) has announced new over-the-counter cash withdrawal limits that will take effect on 1 January 2027, in a move aimed at encouraging greater use of digital payment systems. The new limits will apply to all accounts held with supervised financial institutions. Individual account holders will be allowed to withdraw up to…
Pride Bank Limited has secured a prestigious ISO/IEC 27001:2022 certification for its Information Security Management System (ISMS). The bank officially received the certification during a press conference held on Tuesday in Kampala. Officials say the certification shows the strong commitment to international best practices in data protection and cybersecurity. The ISO/IEC 27001:2022 is the globally…
Finance Minister Henry Musasizi has told the Uganda Development Bank (UDB) to put its financing muscle behind the country’s anchor growth sectors, saying this is what will get Uganda to its target of a USD 500 billion economy by 2040. Musasizi was speaking during a meeting with UDB’s Board of Directors and management at the…
Mutundwe Data Centre When the power failed at MTN Uganda’s Mutundwe switch and data centre over the weekend, it did not just knock out one part of the network. It took down voice calls, data, mobile money and mobile learning services for customers across the country. Mutundwe is one of only two parent sites that…
Equity Group Managing Director and CEO Dr. James Mwangi (centre) receives a symbolic plaque on his appointment as the Continental Digital Public Infrastructure (DPI) Champion from AfricaNenda. Courtesy photo A new partnership between Equity Group, AfricaNenda Foundation and the Gates Foundation is set to accelerate the development of Digital Public Infrastructure (DPI) across Africa in…
After more than 16 years as Managing Director of Centenary Bank, Fabian Kasi is leaving behind a stronger institution than the one he inherited. During his tenure, the bank expanded its footprint, grew its financial performance, embraced digital banking, and strengthened financial inclusion across Uganda. As he hands over leadership to incoming Managing Director Godfrey…
TotalEnergies Marketing Uganda has recognised outstanding mechanics across its nationwide service station network through its inaugural Top Mechanic Awards, an initiative aimed at promoting service excellence and enhancing customer satisfaction. The awards ceremony, held on June 19, 2026, was organized under the company’s Premium Quality Service Project, which seeks to improve service delivery standards by…
AF Mpanga Advocates has announced the admission of Derrick Kuteesa to the firm’s partnership, marking a significant milestone in his legal career and reinforcing the firm’s commitment to developing talent from within. Kuteesa joined AF Mpanga in 2016 after completing the Bar Course and has since established himself as a leading practitioner in Banking and…
