Demand for education savings and investment-linked insurance products has emerged as a key driver of growth in life assurance business, helping Equity Bank Uganda more than double life insurance premiums to Shs11.72 billion in the second quarter of 2026. The bank reported that life assurance premiums rose from Shs5.73 billion in the corresponding quarter of…
Equity Bank Uganda recorded total bancassurance premiums of Shs16.13 billion in the second quarter of 2026, giving it an 8.77 percent share of the market and placing it fourth among banks in Uganda’s bancassurance segment. The performance was driven largely by growth in life assurance business, which offset slower growth in non-life insurance and reflected…
Ambassador Dickson Ogwang-Okul with the Returnees at the climax of the Conference A group of 200 Ugandans who returned from South Africa have undergone financial literacy and business training as they seek to rebuild their livelihoods and establish income-generating enterprises back home. The two-day financial literacy and business formation workshop, held at Enterprise Uganda offices…
The Public Relations Association of Uganda (PRAU) crowned its 50th anniversary celebrations with the 10th PRAU Excellence Awards, recognising communication professionals, agencies and organisations for their outstanding work in public relations, strategic communication and campaign management held under the theme, “A Legacy in Gold: Honouring the Cream of Public Relations. Pearl Bank received the Corporate…
Pearl Bank whose Purpose is to Foster Prosperity for Ugandans, won the inaugural PR Crown Jewel Award at the 10th Public Relations Association of Uganda (PRAU) Excellence Awards, emerging as one of the biggest winners at the ceremony held at the Source of the Nile Hotel in Jinja on Friday, October 23, 2026. The award,…
The Uganda shilling remained under pressure against the dollar, depreciating to 4205 / 4215 from opening levels of 4180 / 4190, according to Absa Bank Uganda Wednesday market report. The local unit’s weakness was largely attributed to persistent corporate demand for dollars, particularly from importers and players in the energy sector, against a backdrop of…
Minister of State for Energy and Mineral Development Phiona Nyamutoro has challenged Uganda’s hospitality industry to turn the country’s green energy ambitions into profitable investments, unveiling a national initiative aimed at reducing operating costs, attracting investment and strengthening tourism competitiveness. The National Green Hospitality Initiative, launched at Serena Hotel Kampala on October 20, 2026, seeks…
Mark Ocitti Ongom, Chief Executive of Stanbic Uganda Holdings Limited (SUHL) handing over a mama kit to the area member of parliament Hassan Kaps Fungaroo and the Obong RDC Eva Kwesiga Obongi Health Centre IV, which handles nearly 1,400 deliveries annually despite significant staffing and resource constraints, has received maternal health equipment and supplies boost…
Absa Bank Uganda has launched a three-month SME Business Credit Campaign aimed at encouraging digital payments among small and medium-sized enterprises (SMEs) while rewarding businesses that embrace cashless transactions. Running from 15 October 2026 to 15 January 2027, the campaign will offer UGX 66 million in cash prizes, with one customer winning UGX 22 million…
The Bank of Uganda has raised its Central Bank Rate (CBR) from 9.75% to 12%, a 2.25 percentage-point increase, as rising global oil prices and pressure on the shilling threaten to push inflation higher. The decision was announced on October 14 following a special meeting of the Monetary Policy Committee chaired by Governor Michael Atingi-Ego….
