Finance, Loans
Finance Minister Henry Musasizi has called on the banking sector to reduce lending rates and increase financing to productive sectors to support Uganda’s Tenfold Growth Agenda. Speaking at the 9th Annual Bankers Conference at Marriott Hotel, Nsambya, Kampala, Musasizi said Uganda’s ambition to grow its economy from US$50 billion in FY2025/26 to US$500 billion by…
Uganda and the World Bank have reaffirmed their commitment to accelerating implementation of the US$4.6 billion development portfolio covering 18 operations. The commitment was made during the Uganda–World Bank Country Portfolio Performance Review, convened at Sheraton Hotel to assess implementation progress, identify delivery bottlenecks and agree on practical, time-bound actions to translate development financing into…
Pearl Bank whose purpose is to foster prosperity for Ugandans has reaffirmed its ambition to become Uganda’s leading indigenous, digitally driven and impact-focused financial institution, as the Bank accelerates lending to productive sectors, expands financial inclusion and aligns its growth strategy with Uganda’s long-term economic transformation agenda. Pearl Bank Managing Director Julius Kakeeto said the…
A delegation of Equity Members touring the Coffee Processin plant at Zigoti Coffee Works Limited Equity Bank Uganda is exploring expanded commercial credit support for Zigoti Coffee Works Limited as the family-owned company seeks to increase coffee production, value addition and access to new markets. These discussions followed an Equity Bank visit to Zigoti’s farm…
Absa Bank Uganda is calling for greater focus on converting Uganda’s growing pipeline of investment opportunities into financed projects and productive businesses, as the country seeks to accelerate investment across energy, infrastructure, minerals, manufacturing and technology. Attracting investor interest is only part of the challenge. Converting that interest into investment requires projects and businesses with…
Stanbic Uganda Holdings leaders, led by Mark Ocitti Ongom and Mumba Kalifungwa, pose for a group photo with stakeholders during a customer engagement session at Brovad Sands Hotel in Kalangala District. When David Balironda Mukasa walks through his oil palm plantation in the island district of Kalangala, he sees more than a source of income….
Stanbic Uganda senior leaders Mark Ocitti and Mumba Kalifungwa lead the ribbon-cutting ceremony to officially reopen the refurbished Kalangala branch as part of the bank’s commitment to enhancing custom Stanbic Bank Uganda has officially unveiled its newly refurbished Kalangala branch, combining a celebration of its 35th anniversary with a strong pledge to deepen financial inclusion…
Access to climate adaptation finance remains a significant challenge for smallholder farmers and rural businesses across Africa, with available capital often failing to reach those who need it most. To help bridge this financing and delivery gap, the International Fund for Agricultural Development (IFAD) and Equity Group on Friday, kicked off the Africa Rural Climate…
For 20 years, Steven Dralada Nzima worked as a security guard in Kampala, including at Equity Bank Uganda offices. Today, he is running a commercial farm in Adjumani District, growing crops, keeping livestock and managing forestry, while providing jobs for people in his community. The journey has been gradual. Steven started with a modest salary,…
The executive leadership of the bank and the VURRA SS school administration pose for a photo after a strategic engagement in Arua district Set against the vibrant landscape of Arua in West Nile, Vurra Secondary School is expanding to keep pace with a rapidly growing student population. School leaders are racing to add classrooms and…
