Finance, Loans -

Why East Africa’s Industrial Ambition Needs A Re-Engineered Financial System

Admin2 months ago08 mins

East Africa’s ambitious drive toward rapid industrialisation is crashing on a fragmented, legacy financial system that fails to move capital as fluidly as goods across regional borders. Despite the registered regulatory milestones under the EAC Common Market Protocol, economic experts and private sector leaders warn that the region’s credit and payment architecture remain locked in national silos. This structural mismatch inflates…

Equity Bank’s Regional Network Opens New Export Opportunities For UKI Uganda

Admin2 months ago04 mins

Anant Kumar Manjithia, Managing Director of UKI Uganda Limited guiding Gift Shoko, the Managing Director of Equity Bank and the leadership of the Bank through a strategic tour of the factory in Mbale As Ugandan manufacturers look beyond the domestic market, moving money across borders efficiently is becoming as important as moving goods. For Mbale-based…

Equity Bank, Tian Tang Group Partner To Unlock Mbale Industrial Park’s Potential

Admin2 months ago03 mins

The Sino-Uganda Mbale Industrial Park is set for a further boost following a strategic partnership between Equity Bank Uganda and Tian Tang Group to expand access to finance, strengthen businesses and create more opportunities across the industrial ecosystem. Tian Tang Group has built a manufacturing ecosystem supporting more than 2,000 enterprises and providing employment to…

Uganda’s Investment Prospects Strengthen As Oil, Coffee And Industrialisation Drive Growth

Admin2 months ago09 mins

Uganda’s improving macroeconomic stability, stronger foreign exchange reserves and anticipated oil production are enhancing the country’s prospects as an investment destination, with economic growth expected to accelerate as commercial oil production comes on stream. Economist Stella Otieno told an Equity Bank Uganda trade and investment webinar on Wednesday that Uganda had sustained economic growth of…

NSSF Heads To Court Over Temangalo Land

Admin2 months ago03 mins

The National Social Security Fund (NSSF) is seeking a High Court order to take full possession of 55 acres of land at Temangalo in Wakiso District, ending a dispute that has dragged on for more than a decade. NSSF bought 463.87 acres from Arma Limited and Amos Nzevi in 2008. The land is covered by…

Explainer: Uganda’s Treasury Is UDB’s Biggest Competitor

Admin2 months ago05 mins

When Henry Musasizi, the finance minister, told Journalists on the sidelines of the Uganda Development Bank’s annual general meeting that he wants the bank’s lending rate to fall from 12% toward single digits, he seemed to describe a goal that sits awkwardly next to his own ministry’s borrowing habits. Commercial banks charge businesses an average…

Building Growth Through Partnership: Equity Bank Uganda And Modern Group

Admin2 months ago05 mins

Jagdish Srivastava, the CEO of Modern Group, Gift Shoko the Managing Director of Equity Bank Uganda and the leading of the bank pose for a photo after a strategic engagement As Uganda’s industrial sector continues to expand, access to responsive and flexible financial solutions is becoming increasingly important for businesses seeking to scale operations and…

What Makes A Currency Strong?

Admin2 months ago04 mins

By Prof Augustus Nuwagaba (PhD), Deputy Governor Bank of Uganda There has been a lot of debate in regard to what makes a currency potent. Is it the exchange rate against the United States Dollar (USD)?; the size of the notes in your wallet?; or something else? The truth is; a strong currency starts with…

Standard Chartered Celebrates 114-Year Milestone in Uganda, Pivots to Future Growth

Admin2 months ago04 mins

Standard Chartered Bank Uganda is marking a historic 114 years of operations in the country, cementing its status as Uganda’s longest-established international commercial bank. Since opening its first branch in Kampala in August 1912, the bank has transitioned from the early days of trade to become a cornerstone of Uganda’s modern, connected economy. A Legacy…

BoU Licenses Two More Large SACCOs

Admin2 months ago02 mins

The Bank of Uganda has licensed two more large Savings and Credit Cooperative Organisations (SACCOs), bringing the number of large SACCOs under its direct supervision to six. The newly licensed SACCOs are Share An Opportunity SACCO, based in Zirobwe, and Kihondo Tukwatanize SACCO, based in Fort Portal. The licences were presented on Thursday, August 6,…