Commercial banks in Uganda have increased their average base lending rates to around 21 per cent per annum as of October 2025, sparking concerns over the future of private sector credit growth. According to data from the Bank of Uganda (BoU), the average interest rate on shilling-denominated loans rose from
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The Board of Directors, I&M Bank Uganda, share a photo moment at the launch of the I&M Select Banking Sapphire Club. On Friday, October 24, I&M Bank Uganda launched a new premium banking offering- the I&M Select Banking Sapphire Club, at the Kampala Serena Hotel. Held under a casual luxe
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Isaac Bigirwa, Head of Cards and Payments at dfcu Bank Banking has evolved from long queues and endless paperwork to something you can do in seconds, anytime, anywhere. dfcu Bank is leading that digital revolution with two powerful tools, that is the *USSD Code *240# and the Mobi Loan.
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David Wandera, MD ABSA and Sanjay Rughani, CEO Absa Bank Uganda, a wholly owned subsidiary of the Absa Group, is set to acquire Standard Chartered Uganda’s Wealth and Retail Banking (WRB) business portfolio in Uganda. The transaction is subject to regulatory approvals. This follows Standard Chartered’s 27 November 2024 announcement
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The Brand-New Bus arriving through the gates of Nabumali Boarding Primary School It was jubilation and a mood of joyousness at Nabumali Boarding Primary School in Mbale on Thursday 23 October 2025 when Equity bank Uganda delivered to the school its very first Bus. Everything was set, to welcome the
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Pearl Bank leadership lead by Managing Director Julius Kaketo and Stanbic Bank Delegation led by Chief Executive Mumba Kalifungwa pose for a group photo the lunch in at Sheraton Hotel in Kampala In a landmark partnership that signals collaboration over competition, Pearl Bank Uganda (formerly PostBank Uganda), a leading government-owned
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Kate K. Kiiza (L), dfcu Executive Director, Chief of Corporate and Institutional Banking at dfcu, exchanges partnership documents with MANTRAC Uganda official dfcu Bank has announced a strategic partnership with MANTRAC Uganda, the authorized dealer of Caterpillar equipment, to provide businesses with affordable, flexible, and comprehensive financing solutions for brand-new
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The headmistress Ms. Margret Nabakooza (3rd Left) of St.Joseph nursery and primary school Nansana together with officials from Housing Finance Bank and WaterQuip commissioning a water purification system Access to safe and clean water has been improved through a collaboration between Housing Finance Bank (HFB) and WaterQuip Uganda Limited, with
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Ugandans are increasingly using e-money for business and personal transactions; the Bank of Uganda has revealed. BoU’s Integrated Annual Report 30 June 2025 released recently shows that there was a significant 28.6 percent increase in electronic money transaction values from UGX 253.7 trillion in the twelve months ending June 2024
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Lynette Akol, the founder and CEO of Krystal Ice Limited When you first meet Lynette Akol, her calm demeanor does not immediately reveal the fiery entrepreneurial drive beneath. But once she starts talking about Krystal Ice Limited, her voice comes alive, filled with purpose, pride, and a deep sense of
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