Finance, Loans
The Uganda shilling came under depreciation pressure against the US dollar during the early trading session, weakening from 3680/3690 to an intraday low of 3695/3705 before recovering to close at 3685/3695. This was according to Absa Bank’s Monday market report. The move was largely driven by strong demand from interbank market participants. However, steady commodity…
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…
NCBA Bank Uganda has launched its new Business Banking offering alongside the “Ku NCBA Kiggwa Ku Bwerere” campaign, reaffirming its commitment to empowering Ugandan businesses with accessible financing, innovative digital banking solutions, and strategic business support. The new proposition is designed to support businesses across every stage of growth by providing faster access to finance,…
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…
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…
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…
By Prof. Augustus Nuwagaba, Deputy Governor Bank of Uganda Conventional economics dictates that economic growth must generate employment. Why? Because jobless growth is neither desirable nor sustainable. It is gainful employment that creates robust aggregate demand, which is a major driver of sustained economic growth. Furthermore, it is an obvious truth that robust wealth creation…
Standard Chartered and the Government of Uganda today signed a financing agreement for the upgrade of Kitgum-Kidepo Road, in a move that will strengthen connectivity, support regional trade and unlock tourism potential in North and North-Eastern Uganda. The agreement was signed at the Ministry of Finance, Planning and Economic Development in Kampala. The ceremony brought…
Matovu Muhudi, the founder of Elsmart conservation technologies When Matovu Muhudi watched his mother struggle with Chronic Obstructive Pulmonary Disease (COPD) after years of cooking over smoky traditional stoves, he saw more than a family tragedy. He saw a public health crisis affecting millions of Ugandans. Rather than continue treating the symptoms as a medical…
