Finance, Loans
Absa Bank Uganda has reaffirmed its commitment to supporting Uganda’s economic transformation through stronger collaboration with Government and increased financing for key sectors of the economy. The commitment was made during a meeting between the bank’s leadership and the Minister of Finance, Planning and Economic Development, Henry Musasizi, at the Ministry of Finance. The discussions…
L-R MTN MoMo’s Jemima Kariuki, Viola Namuyaba, Phrase Lubega with Bafana Sithole from Amadeus and Next Travel’s Jonathan Martin Kyeyo at the launch of Travel by MoMo at the Sheraton Hotel. Courtesy photo MTN Mobile Money (U) Limited, in partnership with Next Travel, today launched Travel by MoMo, a new digital travel booking platform designed…
The Uganda Shilling extended its depreciation against the Dollar today, weighed down by sustained corporate demand as business activity continues to gather pace at the start of the new fiscal year. According to Absa Bank Tuesday Market Report, further pressure stemmed from offshore investors actively purchasing the greenback while reducing portions of their holdings in…
The launch/courtesy photo The National Lotteries and Gaming Regulatory Board (NLGRB) has launched its Strategic Plan for FY2025/26–FY2029/30, setting out an ambitious roadmap to strengthen regulation, curb illegal gaming, enhance responsible gaming and increase the sector’s contribution to Uganda’s domestic revenue over the next five years. The Board also unveiled its Service Delivery Standards and…
The East African Development Bank (EADB) closed 2025 with profit up 51%, a loan book that grew by more than half, non-performing loans below 1%, and two international rating agencies reaffirming its investment grade status. The core lending business, the interest EADB earns on money it lends out, actually shrank in 2025. What pushed profit…
Mumba Kalifungwa, the Chief Executive Stanbic Bank Uganda, with Emmanuel Katongole Co-founder of Quality Chemical Industries Limited (Qcil) at a deal signing ceremony last year. ​Stanbic Bank Uganda has been named the “Best Investment Bank in Uganda” by the prestigious Euromoney Awards for Excellence 2026. The honour was announced by the London based financial magazine…
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…
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…
