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Equity Group posts Shs 433.2bn profit

Equity Group posts Shs 433.2bn profit

L-R: Equity Bank Uganda Executive Director, Claver Serumaga, Equity Group Managing Director and CEO, Dr. James Mwangi and Equity Bank Uganda Managing Director, Gift Shoko, during the Quarter One 2025 Investor Briefing event.The lender

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Opportunity Bank Basks in Triumph at BoU's Agricultural Credit Facility Awards

Opportunity Bank Basks in Triumph at BoU's Agricultural Credit Facility Awards

It was a night to remember as Opportunity Bank Uganda scooped nine awards at this year's Agricultural Credit Facility Awards(ACF) organised by Bank of Uganda.The awards ceremony was held at the Sheraton Hotel, Kampala to mark 15 years of  the transformative ACF loan scheme,

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Amuriat Blasts Bobi Wine Over Elderly Outreach, Labels It 'Cheap Politics'

Amuriat Blasts Bobi Wine Over Elderly Outreach, Labels It 'Cheap Politics'

Forum for Democratic Change (FDC) President Patrick Amuriat Oboi has lashed out at National Unity Platform (NUP) leader Robert Kyagulanyi, alias Bobi Wine, accusing him of exploiting elderly Ugandans for political mileage.Amuriat likened Kyagulanyi’s actions to what he called deceptive p

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Stanbic Launches New Mortgage Solution to Breaks Financing Barrier to Home Ownership

Stanbic Launches New Mortgage Solution to Breaks Financing Barrier to Home Ownership

Stanbic Bank has introduced a preapproved mortgage financing solution that empowers existing clients with up to shs 500 million—without the need for the traditional loan application process.“Homeownership should not be a privilege for a few—it should be an achievable milestone for ev

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Pride Microfinance Celebrates Becoming Bank

Pride Microfinance Celebrates Becoming Bank

Officials have hailed the 30 year transformation journey of Pride Microfinance which has seen it transform into a tier two bank.Speaking during a dinner held at Kampala Serena Hotel on Friday, The Pride Bank, board chairman, Fred Jachan Omach said the bank celebrates three remarkable decad

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Absa Enhances its Digital Offering With Instant Loans, Online Account Opening

Absa Enhances its Digital Offering With Instant Loans, Online Account Opening

Absa Bank Uganda today unveiled two new digital innovations, digi loans and online account opening, aimed at meeting the growing demand for fast, convenient, and paperless banking.The digi loan allows eligible customers to instantly borrow between shs20,000 and shs 2 million with

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Majority of GROW Loan Beneficiaries Deal in Trade, Agribusiness- Report

Majority of GROW Loan Beneficiaries Deal in Trade, Agribusiness- Report

A report on the performance of the Generating Growth Opportunities and Productivity for Women Enterprises(GROW) project has indicated majority of benefiting women entrepreneurs are dealing in trade and commerce, agriculture and agribusiness.The report highlights performance of the project

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NUP Legislator Reveals Receipt of Shs100m

NUP Legislator Reveals Receipt of Shs100m

The Member of Parliament for Bukoto South, Dr Twaha Kagabo, has confirmed receiving Shs100 million in a cash bonanza at Parliament, despite initial denials from some opposition legislators."If President Museveni confirmed that he gave Shs100 million to each legislator, who am I to deny tha

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Bloated Political Coffers, Starving Scrutiny? Parliament's Budget Prioritises Administration Over Core Duties

Bloated Political Coffers, Starving Scrutiny? Parliament's Budget Prioritises Administration Over Core Duties

As Parliament prepares to approve its policy statements guiding the 2025/26 national budget, scrutiny of its own financial plans reveals a potentially troubling trend: more money allocated to political administration than to the core legislative committees that drive parliamentary scrutiny and ov

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Kenyan firm Moves to Seize KIU as Embattled businessman Basajjabalaba defaults on Shs. 57B loan

Kenyan firm Moves to Seize KIU as Embattled businessman Basajjabalaba defaults on Shs. 57B loan

City businessman and billionaire, Hassan Basajjabalaba could lose a significant part of his Kampala International University over UGX 57 billion loan dispute after the High Court in Kampala ruled in favor of Housing Finance Company Limited in a high-stakes financial dispute.The ruling, whi

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