The Equity Group Managing Director and Chief Executive Officer Dr. James Mwangi has called for bold, purpose-driven leadership to shape Africa’s future, noting that the current system was largely shaped in the late 1940s, at a time when Africa was not represented at the table. This, he said during the Rotary District 9214 Conference and…
By Richard Nsubuga- Ag Head of Trading, CIB Markets, Absa Bank Uganda The local currency remained under pressure during the week, weighed down by sustained dollar demand from corporates, local banks, and select offshore players. As a result, the shilling weakened to trade around 3715 / 3725 on Friday, compared with last week’s close of 3695 /…
Centenary Bank has appointed Michael Opira as Executive Director, Operations. He brings over 25 years of banking experience across East and Southern Africa, with a strong track record in driving operational transformation, digital innovation, and strategic change. In his new role, he will oversee the bank’s operational functions. He started his career at Centenary Bank…
Stanbic Bank Uganda has joined the Ministry of Water and Environment and other partners to mark Earth Day, with a renewed call for collective action to address climate change and restore the country’s degraded ecosystems. Speaking during the event held at the Ministry headquarters in Kampala, Tunde Thorpe, Executive Head of Business and Commercial Banking…
CNOOC Uganda Limited (CUL), in collaboration with its contractor CENERTECH and partner Infiniti Line International Limited, has conducted a Well Control Emergency Drill at the Kingfisher Oilfield, reaffirming our commitment to safety, operational excellence, and emergency preparedness. The exercise brought together key stakeholders from government, regulatory bodies, and industry to demonstrate response capabilities and reinforce…
If you run a business in Uganda, you already know how unpredictable the day can be. One minute you’re sorting deliveries, the next you’re chasing a payment or confirming an order. Somewhere in between, you still have to deal with the bank. That’s the part Equity Bank Uganda is trying to make easier. With Equity…
Absa Bank Uganda, has announced a bold commitment to grow 2 million indigenous, fruit, shade and medicinal trees over the next three years, reinforcing the bank’s long-term dedication to climate action, environmental restoration, and sustainable community development across the country. The commitment was unveiled alongside the launch of the 2026 School Greening Drive in Northern…
The Finance Ministers of the East African Partner States of Kenya, Rwanda and Uganda have met in Washington D.C. on the sidelines of the on-going IMF and World Bank 2026 Spring Meetings to discuss the progress of the standard gauge railway (SGR) project. According to the statement by the Ministry of Finance, the meeting…
CNOOC Uganda Limited has officially held the 2026 Best Performers Awards (BPA), reinforcing its sustained commitment to promoting academic excellence and supporting education development in the Kingfisher Development Area host districts of Hoima, Kikuube and Hoima City. The event, held in Hoima City, brought together key stakeholders including the Lord Mayor of Hoima City, district…
Absa Bank Uganda is positioning for its next phase of growth after a strong 2025 performance, with customer deposits rising to UGX 4.6 trillion and total assets increasing by 29.4%, strengthening its capacity to extend financing as demand for financial services grows. “Our performance in 2025 reflects the deliberate choices we have made to strengthen…
