Catherine Kijjagulwe has been named head of markets at Absa Bank Uganda. Learn more about her professional background in financial markets and her new leadership role at the bank.KAMPALA, Uganda — Absa Bank Uganda has named Catherine Kijjagulwe as its new head of markets, the bank announ
The Bank of Uganda has issued a strong warning to the public regarding the misuse of Uganda Shilling currency, urging everyone to preserve the integrity of banknotes and coins. The central bank specifically cautioned florists, designers, gifting stylists, and clients against using brand-new bankn
President Yoweri Museveni has appointed former NSSF managing director Richard Patrick Byarugaba as senior presidential advisor on exports and industrial development, alongside Moses Sabiti.President Yoweri Museveni has appointed former National Social Security Fund (NSSF) managing director
KYANKWANZI, Uganda — The government has allocated an additional 1 trillion shillings to the Uganda Development Bank this financial year, a move intended to lower the cost of credit and bolster the bank’s ability to fund large-scale private sector projects.Prime Minister Robinah Nabbanj
From women’s banking dream to Tier II downgrade, today, RedPepper reveals the slow, painful unravelling of Finance Trust Bank.When the Bank of Uganda (BoU)quietly approved FTB’s transition from a Tier I commercial bank to a Tier II credit institution effective April 1, 2026, and went o
Finance Trust Bank has applied to surrender its Tier I commercial license in favor of Tier II status effective April 1. The move follows a Bank of Uganda notice as the lender shifts its strategy to meet revised capital requirements while maintaining core credit and deposit services.KAMPALA
The cracks inside Standard Chartered Bank are no longer whispers — they are now headline news.As the British banking giant retreats from struggling markets, its top executives are heading for the exit and its once-proud retail empire in Uganda has collapsed into a fire sale.In the
Sudhir RupareliaKampala — The High Court has dismissed an application by Meera Investments Ltd, led by businessman Dr. Sudhir Ruparelia, seeking to have dfcu Bank cited for contempt of court over failure to restore dozens of properties, ruling that the bank was protected by a valid court
Uganda faces a multibillion-dollar deadlock as charcoal remains the primary fuel for 82 percent of Kampala households.KAMPALA, Uganda — Behind the heavy scent of woodsmoke that hangs over Kampala every evening lies a multibillion-dollar economic deadlock. Despite a flurry of executive or
The daughter of former minister Nsaba Buturo has passed on, drawing condolences from political, corporate and social circles across the country.Racheal Ainembabazi Buturo, a Marketing Assistant at Housing Finance Bank, died recently, according to an official statement released by the bankâ
