Some of the Angry Tobacco farmers who Stormed Post Bank Arua for the Money on Monday. Over 100 tobacco farmers on Monday stormed Post Bank in Arua, demanding full payment of money owed to them by the Continental Tobacco Company since 2018. In that year, 1,500 farmers from Arua, Terego,
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Uganda’s banking industry Non-Performing Loans (NPLs) reduced to Shs1.019 trillion in 2024, down from Shs1.18 trillion recorded in 2023, Business Focus exclusively reports. Although 10 banks have high NPLs (whose ratio is above 5%), the industry NPL ratio is 4.69%. This analysis is derived from the financial statements for the
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Pebuu to accelerate agent banking across West Africa as CEO John Paul Ssemyalo (Left) meets Kezia Owusu-Ansah of Templars Ghana in Accra to discuss legal pathways for expansion. Pebuu Africa, a leading provider of technology-enabled field management solutions, has officially expanded its operations into West Africa, marking its entry into
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NCBA top management at the event NCBA Bank Uganda hosted its annual NCBA Connect Evening, a Customer appreciation dinner gala to celebrate a year of strong financial performance, officially unveil its new Head Office at Twed Towers in Nakasero, and launch the refurbished Nakasero Branch. The event marked a major
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Second from left to right; Peace Ayebazibwe, Executive Director of Housing Finance Bank, and Michael Mugabi, Managing Director of the Bank, receive one of the awards from Richard Byarugaba, Executive Director Finance, Bank of Uganda, during the Agricultural Credit Facility award ceremony. Housing Finance Bank received two prestigious national awards
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From L-R: Equity Bank Uganda Executive Director, Claver Serumaga, Equity Group Managing Director and CEO, Dr. James Mwangi and Equity Bank Uganda Managing Director, Gift Shoko, during the Quarter One 2025 Investor Briefing event. Equity Group Holdings has registered 15.4 billion Profit After Tax for the period ended 31st March
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Housing Finance Bank has simplified the school fees payment process through multiple channels As the new school term approaches, Housing Finance Bank is offering timely support to parents, guardians, and school administrators with tailored financial solutions designed to ease the expenses of the back-to-school season From tuition to uniforms and
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Bank of Africa officials launching the ‘Appsolutely Eassy’ Campaign Bank of Africa (BOA) Uganda has officially launched the “Appsolutely Eassy” Campaign, enhancing its digital banking BOA wallet App with a seamless account opening experience. The campaign aims at putting financial services directly into the hands of Ugandans without the need
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The investors visited various local industries In a bid to promote local investments and expand markets for the small and medium enterprises, Equity Bank has organized a two-day trade mission bringing over 40 foreign investors from across Africa and beyond to explore trade and investment opportunities in Uganda. The investors
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Stanbic bank's Mumba Kalifungwa and City businessman Emmanuel Katongole signing the Partnership agreement Quality Chemical Industries Limited (Qcil) has secured a USD 36 million (UGX 133 billion) debt facility from Stanbic Bank Uganda to construct a second manufacturing facility. This new facility will not only increase production capacity for Qcil’s
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