Equity Bank Uganda has once again been designated as a Domestic Systemically Important Bank (DSIB) by the Bank of Uganda, marking the third consecutive year the bank has received this prestigious recognition. This designation underscores Equity Bank's significant role in Uganda's financial sector and its continued commitment to maintaining financial
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Uganda's insurance sector has demonstrated significant growth in recent years, with gross written premiums increasing from UGX 1.44 trillion in 2022 to UGX 1.6 trillion in 2023 according the Insurance Regulatory Authority of Uganda (IRA) performance report reflecting an 11.29% increase. Despite this progress, insurance penetration in Uganda remains relatively low. As
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Members of the National Committee on Wildlife Hazard Management in a group photo with UCAA Board Chairman, Justice Steven Kavuma (seated on front row-Centre) Uganda has formed the National Committee on Wildlife Hazard Management in a move aimed at mitigating bird and wildlife strikes as aviation safety remains critical not
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Some of the participants at the maiden Annual International Conference on Indigenous Knowledge Systems and Restorative Development in Africa In a powerful convergence that placed Indigenous knowledge at the heart of Africa’s development agenda, the African Indigenous Knowledge Research Network (AIKRN), in collaboration with Carleton University and the Mastercard Foundation,
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Robin Bairstow, the I&M Bank Uganda CEO On Wednesday, May 21, 2025, I&M Bank Uganda launched Musaala Boost, a short-term loan facility designed for customers who receive their salary through the bank. The Musaala Boost campaign will enable salaried customers to borrow funds ranging from UGX 250,000 to UGX 2m,
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Commercial banks extended loans worth Shs21.46 trillion to customers in 2024 Banks extended loans worth Shs21.46 trillion to customers (individuals and companies) in 2024, up from Shs20.26 trillion in 2023, Business Focus exclusively reports. Our analysis is derived from the financial statements for the year ended 31st December 2024 that
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Parliament recently approved the Shs72.376 trillion budget for Financial Year 2025/2026, with government set to borrow Shs32.075 trillion because taxes, non-tax revenue and grants will generate only Shs40.042 trillion. A minority report tabled before Parliament by Kira Municipality MP, Ibrahim Ssemujju Nganda, says Ministry of Finance on page 19 of
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Government spent Shs6.493Bn in the Kiteezi landfill disaster and the money was drawn from the Contingency Fund, aParliamentary report has revealed. Remigio Achia (Pian County), who’s also the Deputy Chairperson of Parliament’s Budget Committee made the revelation while presenting the Budget Committee’s report on the 2025/26 National Budget Estimates last
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Equity Group Managing Director and CEO, Dr. James Mwangi (Right) receives the certificate of recognition from Superbrands East Africa Project Director Jawad Jaffer (left). Equity Group Holdings Plc has been recognized as a Superbrand in East Africa, a distinction that affirms the Group's commitment to quality, reliability, and excellence in
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EC Chairman Justice Simon Byabakama Mugenyi The Electoral Commission has started displaying lists of all persons recommended for deletion or inclusion in the National Voters Register. The exercise, taking place at each respective parish/ward headquarters, started on May 16, 2025 and will end on May 26, 2025. This follows the
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