Equity Bank Uganda has renewed its commitment to Uganda’s mining and extractive sector, with a particular focus on helping artisanal and small-scale miners access formal financial services, equipment and markets. The bank says the move is aimed at addressing one of the biggest challenges facing Uganda’s mining industry: the limited access to finance among thousands…
CINAT Group has launched GRIND, an enterprise resource planning (ERP) solution designed to help businesses bring their key operations, people and information together on one digital platform. The platform was launched on October 1, 2026, by Cinat Technologies, the Systems & Software subsidiary of CINAT Group. In a statement, the company said GRIND is intended…
Uganda’s tourism sector has recorded strong growth, with international tourist arrivals reaching 1,642,215 in 2025 and tourism receipts rising to $1.62 billion, according to the Ministry of Tourism, Wildlife and Antiquities. The latest tourism statistics show that international arrivals increased by 19.7 per cent from 1,371,895 visitors in 2024. Tourism receipts also increased by 21.3…
Makerere University students have been urged to start small income-generating ventures, develop a culture of saving, and acquire practical skills as they prepare for life after university. The call was made during a financial literacy fireside chat organised by the Emerging Leaders Programme (ELP) in partnership with Stanbic Bank Uganda at Makerere University. The session…
The National Identification Number (NIN) will become the tax identification number for individual taxpayers under a new government system aimed at improving taxpayer identification, service delivery, and domestic revenue collection. The transition follows a Cabinet decision announced on September 1, 2026, approving the use of NINs issued by the National Identification and Registration Authority (NIRA)…
CINAT Group has launched GRIND, an enterprise resource planning (ERP) system designed to help businesses connect their operations, people and information on one digital platform. The system was launched on October 1, 2026, by CINAT Technologies, the Systems & Software subsidiary of CINAT Group. The company said GRIND was designed to simplify daily business operations,…
Uganda and Italy are set to strengthen their trade and investment ties as the two countries prepare to hold the first Uganda-Italy Business and Investment Forum in Rome on October 13, 2026. The forum, organised by the Embassy of Uganda in Italy with support from the United Nations Industrial Development Organization Investment and Technology Promotion…
The National Planning Authority (NPA) executive director Dr Joseph Muvawala has urged insurance companies to become more innovative and develop products that respond to the changing needs of Ugandans. Muvawala said the insurance industry has an important role to play in Uganda’s economic transformation by helping households and businesses prepare for future financial needs. He…
Airtel Africa and Starlink have launched a satellite-to-mobile service in Uganda, allowing Airtel customers with compatible smartphones to stay connected in areas where conventional mobile network coverage is unavailable. The launch makes Uganda the second African market where Airtel has commercially introduced the service, following the Democratic Republic of the Congo, where it was launched…
Glovo Uganda has renewed its focus on the safety and welfare of riders, with the company stepping up training, technology and other support programmes aimed at helping riders stay safe on the roads. The commitment was highlighted during a recent Rider Safety Event in Kampala, where riders received practical guidance on road safety and safer…
Uganda earned Shs663.28 billion from the extractive sector in the financial year 2023/24, but the industry contributed only 2.39% of the country’s total government revenue, raising concerns about whether the country is getting enough value from its mineral, oil and gas resources. The figures are contained in the fifth Uganda Extractive Industries Transparency Initiative (UGEITI)…
Prudential Uganda has launched three financial protection and savings products aimed at helping Ugandans plan for their children’s education, build wealth and provide financial security for their families. The products, Pru Edusave Plus, Pru Wealth and Pru Legacy, are designed around three common financial needs: saving for future education, building long-term wealth and creating a…
Uganda’s push to add value to agricultural and manufactured products has come under the spotlight as more than 150 investors, entrepreneurs and business leaders from 10 nationalities toured local enterprises during Equity Group’s 2026 Uganda and Rwanda Trade and Investment Roadshow. The delegation visited Zigoti Coffee Works Limited, Roofings Limited and RZ Innovations Limited. The…
Agriculture Minister Frank Tumwebaze has urged coffee and cocoa farmers not to panic over the recent fall in prices, saying the decline is largely linked to changes in global supply and market expectations rather than a collapse in demand. In a statement issued on September 20, Tumwebaze said coffee and cocoa are internationally traded commodities…
Goldstar Insurance Company has marked 30 years of operations in Uganda, with its leadership calling on the insurance industry to play a bigger role in supporting the country’s economic transformation and the 10-fold growth strategy towards 2040. The anniversary celebrations were held at Kabira Country Club in Kampala, bringing together the company’s clients, staff, business…
Delegates taking part in the 2026 Uganda Trade and Investment Roadshow visited Zigoti Coffee Works in Zigoti, Mityana District, to learn how Ugandan coffee moves from the farm to local and international markets. The visit gave investors, business leaders and other participants an opportunity to see the different stages of the coffee value chain, including…
The government has assured investors that Uganda offers a favourable and stable environment for businesses, citing reliable electricity, a stable currency, abundant natural resources and access to regional and international markets. The Minister of Trade and Industry, Sanjay Tanna, made the remarks during the third Trade and Investment Roadshow organised by Equity Bank Group at…
For David Balironda Mukasa, walking through his oil palm plantation in Kalangala is a reminder of how access to financial services has changed the lives of farmers on the islands. Mukasa, who has served in the leadership of the Kalangala Oil Palm Growers Trust (KOPGT) for more than two decades, says many farmers once struggled…
Stanbic Bank Uganda has donated 35 solar-powered street lights worth about Shs100 million to Kabale University to improve security and visibility on the campus. The donation is part of activities marking 35 years of Stanbic Bank’s operations in Uganda under the Standard Bank Group. The bank said the project is intended to make it safer…
Uganda’s insurance industry expects significant growth as increased government spending on infrastructure projects creates new opportunities for insurers, the Insurance Regulatory Authority (IRA) has said. Dr Protaszio Sande, the acting chief executive officer of the IRA, said government-funded infrastructure projects already underway are expected to generate more business for insurers as contractors, investors, and other…
Businesses supported by the Uganda Development Bank (UDB) created and sustained 69,202 jobs in 2025, a 24.6% increase from the 55,553 jobs recorded in 2024, according to a new report. The bank’s 2025 Development Impact Report, launched in Kampala on Wednesday, also shows that the enterprises increased their output, profitability, tax contribution and foreign exchange…
Uganda has opened talks with the United Arab Emirates (UAE) to have travel restrictions eased, Prime Minister Robinah Nabbanja has said, as more investors in Dubai express interest in doing business in Uganda. Nabbanja said the restrictions are affecting trade and investment between Uganda and the UAE because they are making it difficult for business…
Stanbic Bank Uganda has launched a new sustainability programme aimed at helping local businesses improve their environmental, social and governance practices and become better positioned to attract investment. The bank unveiled the Sustainability Academy and the ESG Client Readiness series in Kampala as part of activities to mark its 35 years of operations in Uganda….
Kampala businessman Drake Lubega has warned tenants in his commercial buildings against urinating in shops and common areas, with anyone caught breaking the rule facing a Shs1 million fine or possible eviction. The warning is contained in a notice issued by Tesco Industries Limited to tenants and building staff. The notice lists several rules that…
Stanbic Bank Uganda has launched a new campaign aimed at helping customers recognise and avoid the growing number of digital and cyber-enabled fraud schemes targeting bank users. The campaign, called ‘Stay Switched On’, seeks to give customers practical information on how to protect their money, personal information and banking credentials as more Ugandans turn to…
The Insurance Regulatory Authority of Uganda (IRA) has highlighted the growing contribution of the insurance sector to Uganda’s economic development and efforts to expand financial inclusion. An IRA team led by the acting chief executive officer, Dr Protazio Sande, briefed the State Minister for Finance ( General Duties), Cissy Mulondo, on the performance of the…
Madi-West Nile Diocese of the Church of Uganda and Equity Bank Uganda are working towards a formal partnership aimed at using church-owned land, institutions, and other assets to support economic development in the West Nile region. The proposed partnership is expected to go beyond ordinary banking services and focus on agriculture, education, healthcare, enterprise development,…
KCB Bank Uganda has taken its savings and financial inclusion campaign to communities across the country as it seeks to encourage more Ugandans to adopt regular saving and use formal financial services. The bank’s “Kyaddala ne KCB, Season 2” campaign, which runs from July 1 to October 31, 2026, has already moved through parts of…
A section of local businesses in Kansanga, Makindye Division, say rising rents, taxes and growing competition from businesses owned by refugees are making it increasingly difficult for them to survive. The traders told Bbeg Media during an interaction on the challenges affecting their businesses that some landlords had sharply increased rents as demand for commercial…
For owning a 2.5% stake in Bank of Baroda, business mogul Sudhir Ruparelia is set to receive a dividend of Shs2.25 billion for the financial year ended December 31, 2025. A dummy cheque was presented to Sudhir after the bank declared a dividend of Shs6 for 2025. Sudhir owns 375,163,500 shares in the bank. At…
Public procuring entities have been urged to make local content a central part of Uganda’s economic growth strategy so that government spending creates more opportunities for local businesses, workers and communities. The executive director of the Public Procurement and Disposal of Public Assets Authority (PPDA), Benson Turamye, said public procurement should go beyond compliance with…
Equity Group Holdings has reported a 32% increase in profit after tax for the first half of 2026, helped by stronger income, growth in its regional businesses and increased use of digital financial services. The Kenyan-based financial services group said profit after tax rose to KSh45.5 billion, (UGX 1.31 trillion), from KSh34.6 billion, (UGX 995…
Uganda’s investment outlook is strengthening as economic growth, rising foreign exchange reserves and the expected start of commercial oil production create new opportunities in agriculture, manufacturing, extractives, tourism and other sectors. Economist Stella Otieno said Uganda had maintained strong economic growth while inflation remained relatively low, giving investors a more predictable economic environment. Otieno was…
The Private Sector Foundation Uganda (PSFU) has urged East African Community member states to remove non-tariff barriers and protectionist policies that continue to make it difficult for businesses to trade across the region. PSFU chairman Humphrey Nzeyi said inconsistent policies, differences in bank interest rates and restrictions on the movement of workers are among the…
The growth of the Sino-Uganda Mbale Industrial Park is opening up new financing opportunities for manufacturers, suppliers and other businesses connected to the industrial hub following a partnership between Equity Bank Uganda and Tian Tang Group. The partnership is aimed at helping businesses within the industrial ecosystem access financing while improving their financial management skills…
Several local companies and institutions are seeking tax waivers running into billions of shillings, citing financial difficulties, declining revenues, loss of major contracts and growing debts. The requests are being considered as Parliament examines the government’s proposed framework for deciding which taxpayers facing financial difficulties should qualify for tax relief. Among the applicants is the…
By Darlington Mabonga Women coffee farmers under the International Women in Coffee Alliance (IWCA) Uganda chapter have asked the government to increase financial and technical support to help them raise production, improve household incomes and compete in local and international markets. The women, who took part in the three-day Uganda Coffee and Cocoa Expo 2026…
Ugandan manufacturers expanding into regional markets are increasingly looking for faster and more reliable ways to move money across borders as they seek to grow their businesses beyond the domestic market. For Mbale-based manufacturer, importer and exporter UKI Uganda Limited, delays in cross-border payments have been a challenge as the company expands its operations across…
By Darlington Mabonga Coffee farmers have called on the government to strengthen technical support for the agricultural sector to help producers access quality seedlings, genuine pesticides, affordable financial services, storage facilities, irrigation and reliable markets. The farmers said these interventions are important if Uganda is to increase coffee production, improve household incomes and maintain its…
By Santo Wani Stephen South Sudan’s economic challenges are often blamed on inflation, the high cost of living, unemployment, exchange rate instability and declining purchasing power. While these are genuine concerns, there is another crisis that receives far less attention but affects nearly every household: the lack of financial literacy. Financial literacy is not simply…
Equity Bank Uganda and Modern Group of Companies are strengthening their business relationship as the diversified Ugandan company looks to expand its operations and position itself for further growth in Uganda and the wider East African market. The partnership comes at a time when Uganda’s industrial sector is expanding and businesses are seeking financial institutions…
Government has increased the authorised share capital of the Uganda Development Bank (UDB) from Shs2 trillion to Shs5 trillion as it seeks to expand access to affordable long-term financing for businesses and other productive sectors of the economy. The decision is part of government’s efforts to use UDB to support economic transformation under the National…
Equity Bank Uganda has committed more than $50 million to Microhaem Scientifics to support the company’s expansion of medical manufacturing, including a new production facility at Namanve Industrial Park. The scale of the investment was highlighted on August 7 when Equity Bank Uganda board chairman Henry Rugamba, managing director Gift Shoko and other senior executives…
Diamond Trust Bank (DTB) has instructed its lawyers, K&K Advocates, to initiate the process of selling two properties in Soroti linked to firms associated with Capt Mike Mukula, a businessman and prominent politician, over an unpaid loan of Shs 3.4 billion. The properties were pledged as security for loans given to businesses associated with Mukula,…
When Master Grain Milling produced its first bag of wheat flour in 2013, the Jinja-based company was operating with a single production line. Thirteen years later, the company says it has grown into a structured agro-processing business with an annual turnover of more than Shs60 billion in the 2025/26 financial year. The company attributes part…
Stanbic Bank Uganda has become the first bank in Uganda to connect to China’s Cross-Border Interbank Payment System (CIPS), a move expected to make trade between Uganda and China faster, cheaper and more efficient. The new platform allows Ugandan businesses to make direct payments in Chinese Yuan (RMB), reducing the need to convert money through…
The Uganda National Bureau of Standards (UNBS) has defended cement manufacturers following concerns raised on social media about alleged underweight cement bags. UNBS executive director, James Nkamwesiga Kasigwa, said the bureau launched investigations after a video circulating on social media claimed that some cement bags being sold on the market did not meet the required…
Equity Bank Uganda has reaffirmed its commitment to women’s economic empowerment by sponsoring the third edition of the 2026 Watoto Golf Tournament with Shs10 million. The bank says the sponsorship reflects its continued support for initiatives that create sustainable livelihoods for vulnerable communities through entrepreneurship. The sponsorship was announced on Wednesday during the tournament’s partners’…
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…
