United Bank for Africa (UBA) Uganda Limited has appointed Rita Mitala Balaka as the new Chairperson of its Board of Directors. Balaka is an experienced governance, risk and financial management professional with more than 30 years of leadership experience in regional and international financial institutions. Throughout her career, she has led strategic initiatives, championed organisational…
As African countries advance reforms to unlock new mineral discoveries and strengthen mining investment, chambers of mines are playing an increasingly important role in connecting governments, investors and industry. Through policy advocacy, regulatory engagement and investment promotion, these organizations are helping shape the continent’s next phase of mining development. That growing role will be on…
Bernard Beya; courtesy photo Liquid Intelligent Technologies, a business of Cassava Technologies, a global technology leader, has announced the appointment of Bernard Beya as Chief Executive Officer of its operations in the Democratic Republic of Congo (DRC), effective 1 April 2026. “The DRC represents one of the most exciting growth opportunities in our region, and…
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…
KCB Bank Uganda celebrated the graduation of Senior Leaders and NextGen Leaders from its KCB Leadership Way Academy’s programmes, underscoring the Bank’s commitment to building a high-performance leadership pipeline to drive growth, innovation, and excellent customer experience across its operations. The graduation ceremony was presided over by KCB Bank Uganda Managing Director Edgar Byamah and…
The Uganda shilling strengthened against the U.S. dollar, reversing some of the losses recorded earlier as dollar demand softened following market turbulence triggered by tensions in the Middle East. According to Absa Bank Uganda Thursday market report, increased dollar sales in the interbank market supported the local currency, with the shilling closing at 3680/3690 compared…
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…
Pride Bank Limited has secured a prestigious ISO/IEC 27001:2022 certification for its Information Security Management System (ISMS). The bank officially received the certification during a press conference held on Tuesday in Kampala. Officials say the certification shows the strong commitment to international best practices in data protection and cybersecurity. The ISO/IEC 27001:2022 is the globally…
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…
Mutundwe Data Centre When the power failed at MTN Uganda’s Mutundwe switch and data centre over the weekend, it did not just knock out one part of the network. It took down voice calls, data, mobile money and mobile learning services for customers across the country. Mutundwe is one of only two parent sites that…
