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
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
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
The Baseline Education Census (BEC) 2025 has confirmed the continued dominance of Buganda, Busoga, and Ankole in Uganda’s education sector, controlling the largest share of schools and learners across the country.According to the Uganda Bureau of Statistics (UBOS), Bugand
Dear all political and technical line leaders directly /indirectly concerned with PDM ranging from H.E the President of Uganda, Ministers, Members of Parliament, Security agencies (Military & Defense, Law Enforcement & Internal Affairs, Intelligence Services),PDM Secretariat, district lea
The police have cleared Equity Bank of any wrongdoing in a fraudulent gold transaction that resulted in a loss of over Shs3 billion for Canadian national Clifford Potter.Last week, it was reported that Police had called on Equity Bank and Stanbic Bank to clarify the circumstances surroundi
Three people are nursing gunshot wounds following a confrontation between a private security guard and a man accused of attempting to disarm him at an Automated Teller Machine (ATM) at an Equity Bank Uganda branch in Arua on Friday.The injured were identified as Harriet Asara, 22, and Joan
Richard Byarugaba has joined Equity Group Insurance to lead its new asset management subsidiary as the company expands into wealth management services.Equity Group Insurance Holdings Limited (EGIHL) has appointed veteran financial executive Richard Patrick Byarugaba as Managing Director fo
There is a silent frustration growing among Ugandan employees. Not because people do not want to pay taxes.Most salaried workers already understand that taxation is part of nation-building. Every month, Pay As You Earn (PAYE) is deducted before salaries even hit bank accounts. Employees ha
Manchester United could be handed a boost to their hopes of signing Afonso Moreira, with his current club, Lyon, facing the possibility of being kicked out of European competitions. United have been linked with an interest in the winger ahead of the summer transfer window.Reports say the c
