Strong capital ratios and a Shs591 billion profit anchor Stanbic Uganda as Chief Executive Francis Karuhanga transitions to Standard Bank Group regional leadership.KAMPALA, Uganda — Outgoing Stanbic Uganda Holdings Limited Chief Executive Francis Karuhanga is handing over a robust balanc
Kampala court has begun sentencing SIM card agents who illegally register mobile lines after investigations linked some of the fraudulently registered SIM cards to scams, radio frequency interference and aggravated robbery.A court in Kampala has started handing down sentences to SIM card a
Pearl Bank (formerly PostBank) has been ordered by the Industrial Court to pay Shs 78.9 million to a senior manager it unfairly and unlawfully dismissed nine years ago.Paul Ndhego joined PostBank in May 2009 as a branch manager before rising through several positions. By December 2012, he
Uganda’s banking sector recorded strong growth in 2025, with total industry assets rising to Shs61.59 trillion from Shs53.12 trillion in 2024, according to an analysis of audited financial results by Business Focus.The results show that a handful of banks continue to dominate the industr
The morning sun burns through the dusty roadside of Bulindo and Kitukutwe, falling on broken timber, bent iron sheets and torn tarpaulins scattered where small kiosks once stood.A place that was once filled with the smell of frying chapati, boiling tea, laughter from customers and women ca
Twinemanzi Tumubweine, Bank of Uganda Executive Director of National Payment Systems.Overview:The new measures, which take effect on January 1, 2027, are expected to reshape how businesses and consumers move money through the banking system.KAMPALA — The Bank of Uganda (BoU
Equity Group Holdings has posted the strongest financial performance in its history, reporting a record KSh75.5 billion (approximately UGX 2.15 trillion) profit after tax for the year ended December 2025, as regional subsidiaries, digital banking, and insurance operations powered a major growth s
Sanjay Rughani (right) and David Wandera after the Bank of Uganda approved the sale of Standard Chartered Uganda’s Wealth and Retail Banking business to Absa Bank Uganda.KAMPALA — The Bank of Uganda has approved the sale of Standard Chartered Bank Uganda’s Wealth and Retail Banking (
Economists, researchers and small business operators are urging government to reduce the 0.5 percent excise duty on mobile money withdrawals, warning that high transaction costs are undermining financial inclusion and hurting small businesses.Mobile money has become one of Uganda’s most
Traders at Kanoni Daily Market in Gomba District have appealed to government to construct a modern market, citing congestion, poor sanitation, lack of storage facilities and rising losses due to inadequate infrastructure on privately owned land.Traders operating in Kanoni Daily Market in G
