Diamond Trust endorses UN responsible banking principles
Diamond Trust Bank (DTB) has become the latest financial institution to sign the UN Principles for Responsible Banking, which aim to align the banking sector with the…
Section
Finance
Banking, insurance, pensions, capital markets and fintech.
Stanbic Bank assets, net profits surge
Stanbic Uganda Holdings Limited has announced a significant improvement in its financial performance, with total assets reaching UGX9.7 trillion, a 3.8% increase from…
UDB registers UGX 50 billion profits
The Uganda Development Bank (UDB) has announced its 2023 annual performance report, highlighting its continued role in fostering economic resilience and sustainable…
DTB plants UGX90m in Kasonke Forest Reserve
Diamond Trust Bank Uganda has entered a partnership with the National Forestry Authority to restore degraded parts of Kasonke Central Forest Reserve.
Stanbic Business Incubator gets new boss
Stanbic Holdings Uganda Ltd has announced the appointment of Catherine Poran as the Chief Executive Officer of Stanbic Business Incubator.
Mixed reactions as Bank of Uganda goes for gold
The Bank of Uganda (BoU) says it is set to start buying gold from the local market, amid concern over the ramifications on the economy given the country’s unregulated or…
Consolidate cross-border collaboration, regional bankers told
Stakeholders in the banking industry in the East African Region have been urged to find ways of working together more closely in a bid to strengthen their regional…
Insurance industry premiums top UGX1.6 trillion
The Ugandan insurance sector displayed remarkable resilience and growth in 2023, with Gross Written Premiums (GWP) increasing by 11.3% to reach UGX1.6 trillion…
NCBA Bank commits millions to central forests restoration
NCBA Bank Uganda, in collaboration with the National Forestry Authority (NFA), has embarked on the restoration of degraded forests across the country.
Stanbic unveils unit trust investment option
Stanbic Uganda Holdings Ltd, the mother company of SBG Securities Ltd, has unveiled its unit trust, aimed at enabling individuals and companies to pool their money to…
New MTN’s Zimba initiative to boost small businesses
MTN MoMo has launched a new initiative designed to empower small and medium-sized enterprises (SMEs) across Uganda.
Why BoU closed Mercantile Credit Bank
The banking industry is reeling with shock following the decision by the Bank of Uganda, the regulator of the financial services industry, to close down Mercantile…
Stanbic’s FlexiPay starts global money transfer
Ugandans working in the United Arab Emirates, the United Kingdom, the United States, South Africa, Kuwait, and more than a dozen other countries can now send money home…
NCBA Bank injects UGX80m into 2024 Golf Series
NCBA Bank Uganda in conjunction with the Uganda Golf Club, have launched the 2024 NCBA Golf Series, a premier event aimed at advancing the sport of golf and fostering…
UDB, Centenary Bank scoop top banking accolades
The Uganda Development Bank (UDB) and Centenary Bank, an indigenous Ugandan bank, have won awards at the prestigious Banker of the Year Awards held in Nairobi, Kenya, on…
New NCBA branch to serve Namanve investors
NCBA Bank has opened a new branch, strategically located in Namanve Industrial Park near Kampala, a development officials said underscores the bank’s commitment to…
BoU chief salutes DTB’s Thambi over exceptional performance
The Bank of Uganda Acting Governor, Dr Michael Atingi-Ego has hailed Thambi Verghese, the outgoing managing director of Diamond Trust Bank Uganda, for transforming a…
UBA elects new Board as assets soar to UGX50 trillion
Members of the Uganda Bankers Association (UBA) have voted Julius Kakeeto as their new chairperson, replacing Sarah Arapta.