Capital expenditure, including leases, jumped 62.7% to UGX 455.1 billion, as the company accelerated network builds and fiber expansion. Capex excluding leases rose 44.6% to UGX 317.7 billion. MTN Uganda Limited reported that its first half profit after tax rose 37.7% to UGX 367.5 billion, helped by higher revenue and a smaller tax bill, as…
Stanbic Bank has launched access to China’s Cross-Border Interbank Payment System (CIPS), allowing Ugandan businesses to settle trade transactions directly in Chinese yuan (renminbi/RMB) and reducing reliance on the US dollar. This development positions Stanbic, part of the Standard Bank Group, as the first financial institution in the country to offer the integration. It was…
Martha Alle Mwesigye/ Courtesy photo Opportunity Bank Uganda has appointed Martha Alle Mwesigye to its Board of Directors, bringing more than 16 years of experience in leadership, organisational management and corporate governance. Mwesigye joins the Board as the bank continues to grow its business, strengthen its operations and widen access to financial services. She has…
NCBA Group Plc has posted a 12.2% increase in first-half profit as East Africa’s economic recovery fueled lending and customer deposits, helping the regional lender offset a sharp increase in provisions set aside against potentially bad loans. Net income rose to KSh12.4 billion in the six months ended June 30 from KSh11 billion a year…
The partnership goes beyond sponsoring a sporting event and reflects the Bank’s long-term commitment to creating economic opportunities for underserved communities Equity Bank Uganda has reaffirmed its commitment to women’s economic empowerment by sponsoring the third edition of the 2026 Watoto Golf Tournament with Shs10 million, reinforcing its support for initiatives that create sustainable livelihoods…
The Uganda shilling strengthened against the US dollar in Wednesday’s trading session, supported by optimism surrounding the de-escalation of political tensions in the Middle East, according to Absa Bank Report. The local currency opened the day at 3730 / 3740 and appreciated to an intraday high of 3725 / 3735. In the money markets, liquidity…
Uganda Airlines has launched new routes to Accra, Ghana, and Kigali, Rwanda. The national carrier says the new routes will deepen trade, tourism and investment links between Uganda and West Africa while strengthening its regional connectivity. Flights to Accra will commence on October 27 while those to Kigali will start on November 18. Speaking at…
Immaculate Asiimwe, Head of payments and channels at Equity Bank Uganda Equity Bank Uganda introduced Equity Online for Business, a next-generation platform designed to simplify financial management for enterprises of all sizes in April 2026. Immaculate Asiimwe, Head of payments and channels at Equity Bank Uganda, explains why the platform was developed, how it is…
The Uganda shilling traded slightly weaker against the dollar in today’s session, weighed down by strong interbank demand that exceeded available supply, according to Absa Bank Uganda Tuesday Market Report. The local currency opened the day at trading at 3735 / 3745 and gradually weakened to close at 3740 / 3750. Market activity remained elevated,…
A total of 165 women-led enterprises have graduated from the Green Businesses and Jobs for the Green Transformation Project, marking a major milestone in efforts to strengthen women’s entrepreneurship, create green jobs and accelerate Uganda’s transition to a sustainable economy. The graduation ceremony, organised by Stanbic Business Incubator Limited (SBIL) in partnership with GIZ, the…
