Furaha, MTN MoMo School loan reaches 100,000 Ugandan children
To qualify, applicants must be Ugandan residents with a National ID, an active MTN MoMo wallet and a good borrowing and repayment history
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Finance
Banking, insurance, pensions, capital markets and fintech.
Tanzania secures $1.2bn for railway linking regional markets
FinanceOpinion
How digital convenience is rewriting the rules of banking
Uganda banks raise lending rates as fuel costs rise and shilling weakens
Three of Uganda’s largest commercial banks are raising lending rates following a central bank interest rate increase, adding to pressure on businesses and households…
Afreximbank’s nine-month profit jumps 24% to US$813.5 million
African Export-Import Bank’s net income rose 24% in the first nine months of 2026 as increased lending and higher interest earnings boosted profitability, while the…
Uganda turns to Danish technology to boost agricultural exports
Uganda has launched a Shs10.34bn (US$2.47mn) green technology fund with Denmark to modernise agricultural processing and attract at least Shs40bn ($9.53mn) in additional…
Stanbic invests Shs40m to maternal care in Obongi Health Centre IV
Stanbic Bank Uganda has donated Shs40 million worth of medical equipment and supplies to Obongi Health Centre IV in Obongi District, West Nile sub-region in…
Nedbank’s NCBA deal sharpens contest for Africa’s banking market
South Africa’s Nedbank has secured a route into East Africa through its acquisition of a controlling stake in Kenya’s NCBA Group, intensifying the contest among African…
NCBA Bank Uganda waives digital transaction fees
NCBA Bank Uganda is waiving fees on selected digital banking transactions until Dec. 31, seeking to attract customers to its online platforms and reduce the cost of…
Africa seeks to rewrite the rules of credit risk with new rating agency
For years, African governments have complained that the way their economies are assessed by international credit rating agencies does not always reflect the realities on…
Africa launches its own credit rating agency to cut borrowing costs
Africa is taking aim at how its credit risk is assessed as the African Union launches its own continent-wide credit rating agency in Mauritius today, seeking to give…
FinanceOpinion
Africa’s new credit agency: why it’s needed
The African Peer Review Mechanism frames the new agency not as a challenger to the world’s big three – Moody’s, S&P Global Ratings or Fitch – but as complementary.
Uganda gets US$8m Iceland grant for schools and basic services
Thousands of residents in three Ugandan districts are expected to benefit from improved schools, water and sanitation services under an US$8 million (Shs32 billion)…
Uganda, EU deepen push to unlock private investment and trade
Uganda and the European Union are seeking to deepen economic ties by mobilising more private investment, expanding trade and combining development funding with financing…
UDB gets UGX104 Billion to power SME growth
The Uganda Development Bank (UDB) has clinched a USD30 million (UGX 104 billion) financing facility from the Islamic Corporation for the Development of the Private…
NSSF pays out record UGX 2.79 trillion to members
Each National Social Security Fund (NSSF) member will receive an average of UGX1 million credited on their pension account, thanks to the 13.5 percent interest rate that…
ICEA LION unit trust tops UGX 468 billion
ICEA LION Asset Management has announced a robust performance for its Unit Trust Funds for the fiscal year ending December 2024, marked by significant growth in assets…
MTN wins 2025 Employer of the Year accolade
MTN Uganda has been named Employer of the Year 2025 by the Federation of Uganda Employers (FUE), winning the Gold Category award for the second consecutive year.