Stanbic Posts Record Shs591 Billion Profit as Deposits and Lending Surge
Stanbic Uganda Holdings Limited has delivered a standout financial performance for the year ended December 2025, posting a profit after tax of Shs 591 billion in a result that underscores its growing dominance and strategic momentum in Uganda’s banking industry. The Group’s total revenue climbed to Shs1.44 trillion, powered by
dfcu, Meta Plant & Equipment Partner to Accelerate Agricultural Mechanisation in Uganda
dfcu Bank has announced a strategic partnership with Meta Plant & Equipment Uganda Limited aimed at expanding access to asset financing and accelerating agricultural mechanisation across the country. The collaboration merges dfcu’s financing expertise with Meta’s established position as a leading supplier of agricultural and construction machinery in East and
Stanbic Unveils “Kikole Ku Speedii” Push to Phase Out Banking Delays
Stanbic Bank Uganda has rolled out an ambitious new campaign, “Kikole Ku Speedii,” positioning speed, convenience, and digital access at the centre of its next phase of growth. The initiative signals the bank’s intent to move customers away from long queues and paperwork-heavy processes toward a faster, fully digitised banking
Asia Turns to Fuel Rationing as Hormuz Disruptions Tighten Supply
Asian economies are beginning to feel the squeeze from disruptions in the Strait of Hormuz, with several countries rolling out fuel-saving measures as global oil supplies come under strain. The unfolding crisis driven by rising tensions in the Middle East involving Iran has slowed tanker traffic through one of the
Oil Prices Spike Above $110 as Israel Strike on Iran’s Key Gas Field Rattles Markets
Global oil markets surged into volatility after Israel launched an airstrike on Iran’s South Pars gas field, the world’s largest natural gas reserve sending Brent crude soaring past $110 per barrel. The strike, followed by Tehran’s threats to retaliate against major Gulf energy infrastructure, triggered panic across energy markets. Persian
Uganda Eyes Global Deals at Expo 2027 Belgrade
Uganda has set its sights on expanding trade and attracting investment after officially confirming its participation in Expo 2027 Belgrade, positioning the global event as a launchpad for new international partnerships. Government officials say the country will use the high-profile exhibition to push its socio-economic transformation agenda while tapping into
Public Debt Rises to Shs 130 Trillion as Domestic Borrowing Increases
The Ministry of Finance has revealed that the stock of Uganda’s public debt has now hit the Shs 130 trillion mark, after increasing from US$34.21 billion (Shs 128.648 trillion) in September 2025 to US$34.86 billion (Shs 130.844 trillion) by the end of December 2025. The details are contained in the Quarterly
Old Mutual Reports Rising Uptake of Digital Motor Third-Party Insurance
Old Mutual has reported a significant increase in the uptake of digital Motor Third-Party insurance following the full digitisation of the system in Uganda, signalling growing public adoption of the new government-backed platform. The revelation was made by Caroline Tayebwa, Head of Marketing and Distribution at Old Mutual General Insurance during
Old Mutual Introduces 2026 Incentives to Boost Agent Performance
Old Mutual Uganda has unveiled its 2026 Incentives Programme, aimed at rewarding high-performing agents and strengthening the company’s sales force in an increasingly competitive financial services market. The programme was launched on Thursday, March 12, during an event held at Hotel Africana in Kampala that brought together agents, company executives,
Stanbic Analysts See Opportunity for Disciplined Investors Amid Global Unrest
Global crises often unsettle financial markets. Yet they can also create opportunities for investors willing to take a longer-term perspective. That was the message from analysts and investment advisers during a webinar hosted by SBG Securities Uganda Limited. Economists argued that while the escalating conflict in the Middle East may trigger
