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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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Housing Finance Bank Scoops Awards for Backing Farmers and Small Businesses

Housing Finance Bank Scoops Awards for Backing Farmers and Small Businesses

Housing Finance Bank has won two national awards for its outstanding efforts in boosting agricultural productivity and supporting Uganda’s small businesses to recover from recent economic shocks.The accolades — the Agricultural Credit Facility (ACF) Award and the Small

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Harvard agrees to transfer photos of enslaved people to black history museum

Harvard agrees to transfer photos of enslaved people to black history museum

Harvard University has agreed to hand over a set of historic photos believed to be among the earliest depicting enslaved people in the United States.The agreement ends a long legal battle between the institution and Tamara Lanier, an author from Connecticut who argues she

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US to double tariffs on steel and aluminium imports to 50%, Trump says

US to double tariffs on steel and aluminium imports to 50%, Trump says

President Donald Trump has announced the US will double its current tariff rate on steel and aluminium imports from 25% to 50%, starting on Wednesday.Speaking at a rally in Pittsburgh, Pennsylvania, Trump said the move would help boost the local steel industry and national supply, while re

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Kapelebyong Locals Embrace Skills Training Program to Boost Livelihoods

Kapelebyong Locals Embrace Skills Training Program to Boost Livelihoods

Residents of Amero village in Asamuk sub-county Kapelebyong have welcomed a life-changing skills development initiative brought to them by the Countryside Innovation Network a science and technology-driven program aimed at transforming rural livelihoods through knowledge and practical skills.

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Museveni Urges Leaders on Increasing Productivity for Development

Museveni Urges Leaders on Increasing Productivity for Development

President Museveni has advised local leaders in the Rwenzori sub-region to avoid tackling multiple tasks simultaneously.He emphasized that multitasking could reduce efficiency and increase errors, while focusing on one task at a time can lead to improved concentration, productivity an

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BoU Maintains CBR at 9.75% as Uncertainty Looms

BoU Maintains CBR at 9.75% as Uncertainty Looms

The Bank of Uganda (BoU) has maintained the Central Bank Rate (CBR) at 9.75% signalling a cautious “wait and see” approach in response to growing global economic uncertainty most notably the unresolved US-China trade tensions.The decision comes despite Uganda’s relatively strong econ

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Museveni Warns Rwenzori Leaders Against Repeating Mistakes as He Champions PDM

Museveni Warns Rwenzori Leaders Against Repeating Mistakes as He Champions PDM

President Museveni has called on leaders and citizens of the Rwenzori sub-region to take full responsibility for ensuring the success of the Parish Development Model (PDM), warning them against the complacency that undermined earlier government poverty eradication efforts such as Entandikwa, NAAD

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Tororo Councillors Storm District Offices Over Shs596m Property Tax

Tororo Councillors Storm District Offices Over Shs596m Property Tax

A delegation of angry councillors from Kayoro Sub-county in Tororo District on Monday stormed the district local government offices, demanding urgent action over what they described as persistent tax evasion by major private firms operating in their area.Led by Andrew Opio, the secretary f

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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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