Salaried employees warned on saving
Individuals and businesses should take advantage of the current fragile economic situation to adopt a culture of saving, which is crucial for sustaining the growth of…
Section
Finance
Banking, insurance, pensions, capital markets and fintech.
NCBA Bank partners with NFA to plant 20,000 trees
Corporate banker, NCBA Bank Uganda, has entered a partnership with the National Forestry Authority (NFA) for an ambitious initiative to re-plant 20,000 trees in the…
Bankers protest proposed ATM cash tax
Commercial banks have objected to the government proposal to impose a 0.5% levy on all cash withdrawals made through ATMs, saying the move would be counterproductive.
I&M Bank partners with Nnaabagereka for Queen’s Ball
I&M Bank Uganda has partnered with the Nnaabagereka Fund to organise the first Queen’s Ball, aimed at raising funds to support women, youth, and children with mental…
NCBA Bank buoyed by UGX27 bn net profit
Corporate banker, NCBA Bank Uganda has announced its financial results for the fiscal year 2023, showcasing robust growth and profitability driven by strategic…
New UDB incubator plan targets 290 entrepreneurs
The Uganda Development Bank, Uganda’s national development finance institution, has announced the launch of an incubator programme designed to prepare hundreds of young…
Inflation: Bank of Uganda raises CBR again
For the second month in a row, the Bank of Uganda has raised its key rate, the central bank rate (CBR) in a bold move to combat inflation.
Will new guidelines mop up online lending mess?
Moses Nkonge desperately needed cash to put windows and doors in his family house having got fed up of renting. A friend suggested that he gets a loan from an online…
Will new online lending guidelines foster responsible borrowing?
Last month, the Uganda Microfinance Regulatory Authority (UMRA) introduced digital lending guidelines tailored for microfinance institutions (MFIs) and online lenders in…
Young golfers shine at NCBA Golf Open
Junior golfers from five different countries have demonstrated their talent and passion for the sport at the NCBA Uganda Golf Open 2024, hosted at the Lake Victoria…
New report highlights serious gaps in NSSF benefits
The majority of people who received their benefits from the National Security Fund (NSSF) did not acquire any form of financial literacy before receiving their cash…
Sebaana new DTB boss as Thambi exits
Diamond Trust Bank Uganda (DTBU) has named Godfrey Sebaana as its new CEO and Managing Director, effective April 2, 2024.
Stanbic declares UGX155 billion in dividends
Stanbic Uganda Holdings Ltd, the mother company of Stanbic Bank Uganda, have published their annual financial report for the year ended 2023, which has seen the Board of…
Diamond Trust Bank, UAP in new partnership
Diamond Trust Bank Uganda and UAP Old Mutual Insurance Uganda have entered a partnership to deliver general and life insurance products and services, which effectively…
Semakula appointed SBG Securities boss
SBG Securities, a subsidiary of Stanbic Uganda Holdings, has named Grace Semakula as its new CEO, effective March 1.
DTB, TerraPay ease money transfer
TerraPay, a top European money transfer company, and Diamond Trust Bank Uganda (DTB), have announced a strategic partnership to expand international money transfers and…
Top NCBA clients to enjoy premier banking service
NCBA Bank Uganda has made waves in the banking sector with the unveiling of its revamped Premier Banking offering, given the array of exciting benefits and exclusive…
Financial Markets: Uganda Top In EAC
Uganda has once again asserted its dominance in the East African financial landscape, with the latest Absa Africa Financial Markets Index, highlighting the country’s…