Stanbic shareholders hail Karuhanga as he steps into regional role
At Stanbic Uganda Holdings Limited’s (SUHL) 20th Annual General Meeting (AGM) held at Serena Kampala Hotel, shareholders momentarily set aside routine corporate proceedings to recognise the stewardship of outgoing chief executive Francis Karuhanga, whose tenure is now culminating in a transition to regional leadership within Standard Bank Group. The acknowledgement
Uganda Shilling Holds Steady Amid Global Economic Uncertainty
The Uganda shilling remained stable against the US dollar over the week, trading within the 3765/3775 range, unchanged from its opening levels, according to Richard Nsubuga, Acting Head of Trading, CIB Markets at Absa Bank Uganda. He attributed the stability to a balance between demand and supply in the foreign
Kampala Community Gains Digital Skills and Internet Access as New Learning Hub Opens in Katwe
Students, youth, and residents in Kampala’s Katwe community now have enhanced access to digital skills, internet connectivity, and modern learning resources following the launch of a new digital learning hub. The facility, located at Katwe Noor Secondary School, provides learners and surrounding community members with computers, online resources, and digital
Chamber of Mines Rally Stakeholders to Unlock Uganda’s Mining Wealth
Uganda’s mining sector may be sitting on immense untapped wealth, but stakeholders say turning that potential into real economic gains will require urgent reforms, stronger institutions, and decisive action. This was the central message at a high-level policy roundtable convened by the Uganda Chamber of Energy and Minerals (UCEM) at
NCBA Bank Champions Stronger Financial Markets at Dealers’ Forum
NCBA Bank Uganda has reaffirmed its commitment to strengthening Uganda’s financial markets, following its participation in the ACI Uganda Dealers’ Meeting held on May 29 at Arirang Hotel in Kampala. The high-level meeting convened treasury dealers, regulators, and financial sector players to discuss the evolving role of global markets in
Rocks Plus loses Shs1.2bn claim in dfcu trucks dispute
The Commercial Division of the High Court has dismissed a claim against dfcu Bank, ruling that the lender lawfully repossessed and sold trucks belonging to Rocks Plus (U) Limited and did not act in bad faith or dispose of the assets at an undervalue. In a judgment delivered on June
BoU Sets Shs 50 Million Daily Cash Withdrawal Limit for Individuals
The Bank of Uganda (BoU) has announced new over-the-counter cash withdrawal limits for bank accounts, set to take effect on January 1, 2027. Under the new guidelines, individual account holders will be limited to a daily cash withdrawal cap of Shs 50 million and a weekly limit of Shs 500
TotalEnergies Uganda steps up fight against counterfeit lubricants as motorists warned of rising engine risks
In Uganda’s fast-growing transport sector—where boda bodas dominate city mobility, taxis operate on tight schedules, and trucks form the backbone of regional trade—engine oil has become just as vital as fuel. Yet beneath this essential system of movement lies a growing but often invisible threat: counterfeit lubricants that mechanics say
BoU Clears Absa Takeover of Standard Chartered Retail, Wealth Business
The Bank of Uganda (BoU) has approved the sale of Standard Chartered Bank Uganda’s Wealth and Retail Banking (WRB) business to Absa Bank Uganda, marking a major development in the country’s banking sector. The regulatory greenlight paves the way for Absa to take over Standard Chartered’s retail and wealth portfolio,
Court Orders Housing Finance Bank to Pay Shs 28 Million in Controversial Property Sale
The Commercial Division of the High Court has faulted Housing Finance Bank Ltd and ordered it to pay Shs 28 million in damages following the controversial sale of a borrower’s home at a price far below its market value. In 2009, Barnabas Samuel Aliku and his wife, Christine Mutesi Aliku,
