Equity Bank Uganda launched Equity Online for Business in April 2026, introducing a next-generation digital banking platform designed to simplify financial management for businesses of all sizes. The platform replaced the bank’s long-serving EazzyBiz internet banking system and was developed in response to changing customer needs and the rapid growth of digital banking. In this…
Posta Uganda has launched a new five-year strategic plan aimed at transforming its services through digital technology, improving customer service and creating more employment opportunities. The strategy covers the period 2025/2026 to 2029/2030 and is built on three key pillars: service delivery standards, a client charter and a strategic plan. It is guided by the…
The Public Procurement and Disposal of Public Assets Authority (PPDA) has urged accounting officers to fully implement the Electronic Government Procurement (e-GP) system in the 100 government entities where it has already been rolled out. The call was made during a training session for accounting officers held at the Ministry of Finance headquarters in Kampala….
The minister of Trade, Industry and Cooperatives Sanjay Tanna has called on the Indian community in Uganda to take advantage of the country’s favourable investment climate and continue investing in the country’s economic development. Tanna made the remarks during a ceremony that honoured three distinguished public servants of Indian origin. They included Tanna himself, High…
The deputy governor of the Bank of Uganda Prof Augustus Nuwagaba, has urged Ugandans living abroad to play a bigger role in the country’s economic transformation by turning remittances into long-term investments. Speaking during Equity Bank Uganda’s 2026 Diaspora Webinar, Nuwagaba said the diaspora should take ownership of Uganda’s economic story and demonstrate its contribution…
A total of 165 women-led enterprises have graduated from the Green Businesses and Jobs for the Green Transformation Project, a programme aimed at strengthening women entrepreneurship, creating green jobs and supporting Uganda’s transition to a sustainable economy. The graduates completed Cohorts One to Four of the programme, which is implemented by Stanbic Business Incubator Limited…
Uganda’s diaspora continues to send record amounts of money back home, and Equity Bank Uganda is stepping up efforts to help turn those remittances into long-term investments that create businesses, jobs and sustainable wealth. On Saturday, August 1, 2026, the bank will host the latest edition of its Equity Diaspora Webinar Series. The initiative is…
DFCU Bank has told shareholders to brace for a loss in the first half of 2026, and at the heart of the financial pain is a legal battle in London pitting the bank against tycoon Sudhir Ruparelia and his family. In a profit warning issued to the Uganda Securities Exchange on July 30, 2026, the…
President Museveni has pledged government support for the establishment of the $200 million Nonda Coffee Park in Nakaseke, a major agro-industrial project expected to strengthen Uganda’s coffee industry by adding value, creating jobs, and increasing export earnings. Museveni made the commitment during a meeting at State House Entebbe with a delegation from Nonda Coffee Park…
Stanbic Uganda Holdings Limited (SUHL), through Stanbic Bank Uganda and its non-profit arm, Stanbic Business Incubator Limited (SBIL), has launched two programmes aimed at empowering more than 10,000 low-income women entrepreneurs and 100 horticulture farmers in northern Uganda. The Women Economic Empowerment (WEE) programme, supported by the Gates Foundation, and the Albertine Agribusiness Development Programme…
Equity Group Holdings says its customers across the region, including in Uganda, are increasingly choosing to bank online rather than visit a branch, as the group pushes ahead with a technology-led transformation. According to the group’s quarter 1 2026 investor briefing, 98.3% of all transactions across the group now happen outside branches, and 89.5% are…
The Bank of Uganda has assured central bank governors from across the East African Community (EAC) that interest rates remain stable across the region, strengthening efforts to establish the long-awaited East African Monetary Union. The assurance was given by the Governor of the Bank of Uganda, Dr Michael Atingi-Ego, who also chairs the EAC Monetary…
South Sudan has reaffirmed its commitment to the East African Community’s plan to establish a Monetary Union by 2031. Speaking at the 29th Ordinary Meeting of the East African Community Monetary Affairs Committee in Kampala on Friday, the Deputy Governor of the Bank of South Sudan, Weituy Luony Babouth, said the committee remains a key…
DFCU Bank, through its foundation, has donated 100 desktop computers to the Ministry of ICT and National Guidance in a move aimed at expanding digital access, strengthening digital skills and creating more opportunities for young people. The computers were handed over at the National ICT Innovation Hub in Nakawa and will be distributed to selected…
Equity Bank Uganda increased its loans and customer deposits in the first quarter of 2026, even as the Bank of Uganda moved to tighten liquidity in the financial sector. Figures released in Equity Group Holdings Plc’s investor briefing show that the bank’s net loans rose by 5% over the year, reaching about Shs 1.42 trillion…
More than 30,000 low-income women entrepreneurs in the Busoga sub-region are set to benefit from affordable financing, business development support and digital financial services under a new partnership between the Busoga Kingdom, the Gates Foundation and Stanbic Uganda Holdings Limited (SUHL). The Women’s Economic Empowerment (WEE) Programme was launched at the Busoga Kingdom headquarters in…
Stanbic Bank Uganda has been named Uganda’s Best Investment Bank at the Euromoney Awards for Excellence 2026, strengthening its reputation as one of the country’s leading financial institutions. The award was announced by the London-based financial publication Euromoney on July 17, recognising the bank’s role in financing some of Uganda’s largest economic and infrastructure projects….
The First Deputy Prime Minister and minister for East African Community Affairs, Rebecca Alitwala Kadaga, has welcomed a proposal to establish the East African Digital Hub in Uganda, saying it will strengthen the country’s information and communications technology sector. The proposed hub is part of the wider African Heritage initiative, a high-level global and regional…
KCB Bank Uganda has partnered with Pearl Marina Estates to expand access to home financing, as the lender steps up efforts to make home ownership more affordable for Ugandans. The partnership was showcased during Pearl Marina Estates’ Phase II Agents’ Open Day held in Entebbe on July 15. The event brought together real estate agents,…
The ministry of Trade has urged the private sector and local alcohol manufacturers to encourage informal producers to formalise their businesses in a move aimed at increasing the country’s tax revenue. The call follows concerns raised by Uganda Breweries Limited (UBL), one of the largest taxpayers, which says it continues to shoulder a heavy tax…
Uganda’s bancassurance industry continues to demonstrate remarkable momentum, with banks generating more than Shs 80.8 billion in insurance premiums during the first quarter of 2026 alone. According to the latest industry performance report, Equity Bank Uganda ranked fourth among the country’s 22 licensed bancassurance providers, generating Shs 6.69 billion in Gross Written Premiums (GWP) and…
Shumuk Aluminium Industries has pledged to create more jobs for young people across the East African Community (EAC) if non-tariff barriers are removed to allow the free movement of goods and services within the eight-member regional bloc. Andrew Nangai, the Personal Assistant to the company’s chairman, Mukesh Shukla, made the remarks in an interview with…
As Uganda begins implementing the budget for the financial year 2026/2027, the permanent secretary in the ministry of Finance, Dr Ramathan Ggoobi, has said the country’s economy is performing strongly, with faster economic growth, low inflation and a stable Ugandan shilling. Ggoobi, while launching the 2025 Open Budget Survey results, attributed the performance to the…
Maganjo Grain Millers, an agro-processing company based in Maganjo, Wakiso, has appealed to members of the East African Legislative Assembly (EALA) to enact laws that will expand market access for locally manufactured products across the East African region. The appeal was made during the 2026 East African Community (EAC) Parliamentary Week held at the Parliament….
Equity Group has partnered with AfricaNenda Foundation and the Gates Foundation to accelerate the development of Digital Public Infrastructure (DPI) across Africa in a move aimed at expanding financial inclusion, strengthening digital payment systems and supporting cross-border trade. The partnership was announced in Nairobi on July 7. The initiative will begin in Rwanda before expanding…
The World Bank has urged the government to carry out urgent land reforms to remove bottlenecks that continue to slow the country’s construction sector. The call was made during the launch of the World Bank’s Country Economic Update, which focused on Uganda’s construction industry. Speaking to Bbeg Media after the launch at the World Bank…
MORRISON RWAKAKAMBA Uganda wants to grow its economy to $500 billion by 2040. That ambition will only be achieved if the country has enough reliable and affordable electricity to power industries, agriculture, homes, transport and digital services. Uganda currently has more than 2,000 megawatts of installed electricity generation capacity, most of it from hydropower. However,…
When Osward Kakande watched his mother suffer from persistent coughs and headaches caused by smoke from traditional cooking stoves, he never imagined that her experience would inspire a business now valued at more than Shs450 million. Today, the founder and director of Mubende Stoves is one of Uganda’s emerging clean energy entrepreneurs. His company is…
Business leader Charles Mbire has urged Ugandans to make integrity and good character the foundation of their financial and business success, saying trust has become one of the most valuable assets in today’s economy. Mbire made the remarks while delivering the keynote address at the inaugural SBG Securities Investor Day in Kampala. The event was…
Uganda has reaffirmed its commitment to working closely with the World Bank Group to accelerate the country’s economic transformation and improve the lives of its people. Speaking during the launch of the Country Partnership Framework and the Public Finance Review at Golden Tulip Hotel in Kampala, the minister of Finance, Henry Musasizi, said the government…
For many years, retirement savings have seemed beyond the reach of millions of Ugandans working in the informal sector. But that is beginning to change as the National Social Security Fund (NSSF) expands its SmartLife Flexi grassroots campaign, bringing social security services directly to communities across the country. The nationwide campaign is helping boda boda…
Uganda’s second school term is well underway, but many school administrators are still grappling with a familiar challenge: keeping schools running while waiting for parents to complete paying school fees. Schools must continue paying teachers’ salaries, buying food, purchasing learning materials and maintaining facilities, even when fee payments come in slowly. To help bridge this…
Equity Bank has renewed its partnership with KPMG and Nation Media Group (NMG) for the 2026 Top 100 Mid-Sized Companies Survey, reaffirming its commitment to supporting Uganda’s small and medium-sized enterprises (SMEs). The survey, launched on Thursday at KPMG’s headquarters in Kampala, is now in its 19th year. It is being held under the theme,…
MTN Uganda chairman Charles Mbire will headline the inaugural SBG Securities Investor Day on Friday, June 26, as the investment firm seeks to encourage more Ugandans to participate in the country’s financial markets. The event will be streamed live on the Stanbic Uganda YouTube channel from 12:00 pm East African Time. The forum comes at…
When Polland Food Centre opened in 2025, the aroma of freshly prepared meals quickly attracted customers. Behind the scenes, however, the restaurant was grappling with a costly challenge. Traditional charcoal stoves were consuming large amounts of fuel, filling the kitchen with smoke and increasing operating expenses. Like many growing restaurants, Polland Food Centre faced rising…
As the world marks World Refugee Day, a growing number of displaced families in Uganda are moving beyond survival and building sustainable livelihoods through access to financial services. Observed annually on June 20, World Refugee Day serves as a reminder that behind every refugee statistic is a human story. It is the story of a…
Stakeholders in Uganda’s manufacturing sector have called for stronger collaboration, innovative financing solutions and increased investment in value addition to drive growth and improve the competitiveness of locally made products in regional markets. The call was made during Stanbic Bank Uganda’s inaugural Business Forum held in Kampala under the theme, “From Farm to Shelf: Financing…
The Public Procurement and Disposal of Public Assets Authority (PPDA) has announced plans to strengthen the use of digital systems in government procurement as part of efforts to reduce corruption and improve transparency. Speaking during a post-budget discussion on the Financial Year 2026/27 budget, PPDA executive director Benson Turamye said the authority is moving away…
Equity Bank Uganda has been named Corporate Business of the Year at the African Business Chamber (AfBC) African Business Awards 2026, in recognition of its contribution to financial inclusion, diaspora banking, cross-border trade, and investment facilitation across Africa. The award was presented during a gala dinner held on May 29, 2026, at the Royal Lancaster…
As schools across Uganda reopen for a new term, excitement has returned to classrooms, playgrounds and staffrooms. Behind the scenes, however, school administrators and parents are grappling with a familiar challenge: finding enough money to meet education-related expenses at the start of the academic term. For many schools, the beginning of a term is one…
Corporate leaders and policy experts have urged Ugandan businesses to begin preparing for mandatory Environmental, Social and Governance (ESG) reporting requirements that will take effect for financial institutions in January 2027. The call was made during the second annual East Africa ESG Summit hosted by Capital One Group (COG) on June 11, 2026. Held virtually…
Equity Bank Uganda has supported the expansion of a tree nursery business in Lira City through a solar-powered irrigation project that has boosted production and promoted climate-resilient farming in northern Uganda. In Boroboro parish, Gwengbar area, Dopla tree nurseries has grown from a small backyard operation into a major supplier of tree seedlings, following the…
For years, Jian Namuhenge spent nearly Shs 80,000 every month on charcoal. Like millions of Ugandans, she relied on a traditional charcoal stove for daily cooking, unaware that a more efficient and affordable alternative existed. Today, the same sack of charcoal lasts her almost three months. The change did not come from earning more money…
One of the standout moments at the 20th Annual General Meeting (AGM) of Stanbic Uganda Holdings Limited (SUHL) was the recognition of outgoing chief executive Francis Karuhanga. The AGM, held at Serena Hotel Kampala, had gathered shareholders to review another year of strong financial performance. However, attention also turned to Karuhanga, who is preparing to…
Uganda has been ranked among the world’s top 25 destinations for outsourcing services, a major milestone for the country’s growing digital economy. According to the 2026 Global Outsourcing Talent Index, Uganda ranks 24th out of 193 countries assessed worldwide. The ranking places Uganda in the top 13% globally, second in the East African Community behind…
Stakeholders in Uganda’s mining sector have called on the government to establish an independent body known as the Mining Authority of Uganda, saying it would strengthen regulation and accelerate the industry’s growth. The call was made during a stakeholders’ meeting of artisanal and small-scale miners held in Kampala. Speaking at the meeting, Humphrey Asiimwe, the…
A new digital learning hub has been opened at Katwe Noor Secondary School in Kampala to improve access to technology, internet connectivity and digital skills for students and surrounding communities. The facility was established through a partnership between American Tower Corporation (ATC) Uganda, the Uganda Communications Commission (UCC), Stanbic Bank Uganda, the Stanbic Kenya Foundation…
Equity Bank Uganda has reaffirmed its commitment to advancing financial inclusion by strengthening support for Savings and Credit Cooperative Organisations (SACCOs), micro-businesses and grassroots entrepreneurs through tailored financing, financial literacy programmes and sustainability-focused products. Speaking at the Uganda Central Co-operative Financial Services Ltd (UCCFS) annual general assembly held at Silver Springs Hotel in Bugolobi, bank…
For many university students in Uganda, higher education comes with financial uncertainty, academic pressure, and growing anxiety about finding employment after graduation. For Shimon Atuyambe, however, one opportunity changed the course of her life. What started as an academic achievement evolved into a life-changing journey through the Equity Leaders Program (ELP), transforming her from a…
For many young Ugandans, success begins as a distant dream shaped by ambition but often limited by circumstance. For Reagan Tumusiime Gibril, that dream started in the crowded slums of Kibuli and has steadily grown through determination, hard work, and an opportunity offered by Equity Bank Uganda. Tumusiime, a student of God Cares High…
