How Netherlands Study Trip is Powering Zubair Mukaaya’s Poultry Ambitions
The Best Farmers Awards have become one of Uganda’s most influential platforms for recognising excellence in agriculture, celebrating farmers who are driving innovation, creating jobs and transforming their communities. Through the initiative, dfcu Bank, in partnership with Vision Group and other partners, has gone beyond recognising success to supporting farmers through access
Gold fraud probe: Investor loses Shs 1.62 billion in 20kg deal
The Police Mineral Protection Unit, working with the State House Investors Protection Unit (SHIPU) and other security agencies, has launched investigations into an alleged gold fraud involving an Indian British investor who reportedly lost about Shs 1.62 billion in a dubious transaction. Preliminary findings indicate that the investor was lured
Shilling strengthens on strong inflows as liquidity surges
The Uganda shilling posted modest gains last week, supported by strong inflows from commodity exporters, remittances and non-governmental organisations, which offset demand for foreign exchange from corporate players. According to Richard Nsubuga, Acting Head of Trading, CIB Markets at Absa Bank Uganda, the local unit traded at 3,725/3,735 on Friday
ABC Capital targets retail banking, digital shift for growth
ABC Capital Bank Limited has unveiled a new growth strategy anchored on digital transformation and expansion into retail banking, as it seeks to consolidate recent gains and position itself for long-term sustainability. The strategy follows a strong financial performance in 2025, where the bank recorded a 285 per cent increase
EACOP hits 91% completion as pipeline welding nears finish
The East African Crude Oil Pipeline (EACOP) project has reached 91 per cent overall completion, slightly below the planned 94 per cent, with officials confirming that welding of the entire pipeline is largely complete. EACOP deputy managing director John Bosco Habumugisha said progress had been affected by external factors, including
dfcu targets SMEs with new unsecured loan product
dfcu Bank has expanded its small and medium enterprise (SME) financing portfolio with the introduction of the Unsecured Maali Business Loan, a new working capital facility designed to improve access to credit for established businesses. The product offers eligible enterprises financing ranging from Shs 10 million to Shs 200 million,
NCBA posts strong half-year profit as regional growth strengthens
NCBA Group PLC has reported a 12.2 per cent increase in profit after tax to KES 12.4 billion (about Shs 334.8 billion) for the first half of 2026, underscoring steady growth across its regional operations despite a challenging macroeconomic environment. The lender’s results show operating income rising by 15.1 per
Stanbic launches China payments system to ease trade
Stanbic Bank Uganda has launched a new payment system that will enable businesses to make direct transactions with China in Chinese Yuan, in a move expected to cut costs and ease cross-border trade. The bank becomes the first financial institution in Uganda to integrate with China’s Cross-Border Interbank Payment System
Old Mutual boosts Unit Trust campaign to grow savings culture
Old Mutual Investment Group Uganda (OMIG) has intensified its Unit Trust campaign aimed at helping Ugandans build wealth through disciplined and professionally managed investments. Running under the theme “Your Money Is Serious Business,” the campaign seeks to increase public understanding of Unit Trusts and encourage individuals to adopt consistent investing
Rethinking retirement: why employers should move beyond gratuity
Uganda’s retirement benefits sector is undergoing a quiet but significant shift, with employers increasingly moving away from traditional gratuity schemes toward structured, funded retirement arrangements. What was once treated largely as a statutory obligation is now emerging as a strategic tool for attracting talent, improving employee wellbeing and supporting long-term
