The Arab Bank for Economic Development in Africa (BADEA) and Uganda have signed two Facility Agreements totaling $150 million to drive private sector development. The agreements were formalized by BADEA president Abdullah Almusabeeh and Matia Kasaija, the minister for Finance, Planning and Economic Development, during the 41st board of governors meeting of the Trade and…
Government has recognized Stanbic Bank for its transformative impact on the remittance sector, as highlighted during the 8th Annual Uganda Bankers Association Conference in Kampala. The bank’s digital innovations, particularly the Flexipay platform, have enhanced the efficiency, accessibility, and affordability of remittance services, supporting Uganda’s diaspora and their families. In his address, Dr. Atingi-Ego, the…
Stanbic Uganda Holdings Limited (SHUL) spent Shs 565 billion in 2024 to keep its employees happy and maintain the smooth running of its operations, the company’s annual financial statements for the year that ended December 31, 2024, show. According to the records, SHUL, which includes Stanbic Bank Uganda and other subsidiaries, spent Shs 281 billion…
Presidents Museveni of Uganda and William Ruto of Kenya have signed seven new bilateral agreements, increasing the total number of trade and cooperation accords between the two East African neighbors to 25. The agreements, signed during Museveni’s visit to Nairobi, cover diverse sectors including tourism, property rights, fisheries, aquaculture, agriculture, transport, and investment promotion. At…
The Directors and management of Stanbic Holdings Uganda Limited (SHUL), the umbrella company of Stanbic Bank Uganda, have protested after Uganda Revenue Authority (URA) slapped the company a tax bill of Shs 133.7 billion. This includes a tax of Shs 33.8 billion to be paid by Stanbic Bank Uganda. This partiuclar tax bill is related…
Airtel’s East Africa operations have reported significant growth in the first quarter of 2025, propelled by a sharp rise in data consumption, an expanding customer base, and substantial investments in network infrastructure. Mobile services revenue reached $498 million, a notable increase from $423 million in Q1 2024, driven by a 47.4% surge in data usage…
The building that houses Club Guvnor, located on 1st Street in the Industrial Area, could be sold any time soon, a source close to businessman Charlie Lubega, the owner, has told Bbeg Media. Our source informed us that Lubega told close associates that, since the club business in Uganda has declined, he does not see…
Motorcycle-taxis are one of the fastest and most convenient ways to get around Uganda’s congested capital, Kampala. But they are also the most dangerous. Though they account for one-third of public transport trips taking place within the city, police reports suggest motorcycles were involved in 80% of all road-crash deaths registered in Kampala in 2023….
Stanbic Bank Uganda has been named Best Bank and Best Investment Bank in Uganda at the 2025 Euromoney Awards for Excellence, solidifying its position as the country’s leading financial institution. These prestigious awards highlight the bank’s dominance in retail, commercial, and corporate banking, and its pivotal role in advancing Uganda’s economic transformation. The Euromoney Awards,…
MTN Group has taken a significant step toward its Ambition 2025 strategy, by agreeing to separate its moible money unit from its GSM operations. The decision was taken during during an extra-ordinary general meeting of its shareholders this week. The compnay said the move aims to enhance scale, efficiency, and customer service delivery across MTN’s…
