Okwi takes over as Richard Yego Steps Down from MTN Mobile Money
MTN Mobile Money Uganda has appointed Sarah Bateta Okwi as its Acting Managing Director and Chief Executive Officer, effective 1 March 2026, following the decision by Richard Yego to step down from the role. The appointment comes as MTN Mobile Money continues its transition into a fully independent fintech company,
Airtel Revenues Hit $4.7bn as Data and Mobile Money Drive Growth
Airtel Africa has posted revenues of $4.67 billion for the nine-month period ended December 2025, underlining strong growth momentum driven by data services, mobile money, and continued network investment. According to the company’s latest trading update, revenues rose by 24.6% in constant currency and 28.3% in reported currency, supported by
Gov’t Commits to Increasing UDB’s Capital Base, Commends Bank for Nurturing Transformative Leadership
The Prime Minister of the Republic of Uganda, Robinah Nabbanja, has reaffirmed Government’s commitment to strengthening the capital base of the Uganda Development Bank (UDB) to enable the Bank to more effectively deliver on its mandate of accelerating Uganda’s socio-economic transformation. Nabbanja made the remarks while officiating at a ceremony
Inside Stanbic’s ‘Oli In Charge’ Campaign to Empower Ugandans with Affordable Financing
Stanbic Bank has launched the ‘Oli In Charge’ campaign to provide affordable financing solutions for both salaried and self-employed Ugandans, helping them achieve their financial goals. The initiative is designed to broaden access to financial resources for individuals and businesses across the country. Israel Arinaitwe, Head of Personal Banking at
BoU Grants Finance Trust Bank Tier II Credit Institution Licence
The Bank of Uganda (BoU) has granted a licence to Finance Trust Bank Limited to operate as a Tier II Credit Institution. The licence follows a decision by Finance Trust Bank’s Board of Directors to adopt a strategic shift aimed at repositioning the institution to better serve its core customer
KCB Bank Expands Access to Credit, Encouraging Intentional Financial Planning Among Salary Earners
As the year gathers pace, a growing number of Ugandans are recognizing that financial stability is rarely accidental. Instead, it is built through early planning, disciplined income management, and timely access to financial solutions that enable individuals to act when opportunities arise. For salary earners in particular, access to well-structured
Nedbank Seeks to Acquire 66% Stake in NCBA Group
NCBA Group PLC (NCBA)has announced that it has received a Strategic Investment Proposal and a Notice of Intention (NOI) from Nedbank Group Limited to acquire approximately 66 percent of its ordinary shares through a tender offer to existing shareholders. If completed, the transaction would see Nedbank acquire a controlling stake
Uganda’s Coffee Boom Powers Record Agricultural Exports as Sector Hits New Milestones
Uganda has started 2026 on a strong agricultural footing, with coffee once again emerging as the backbone of the country’s export growth after generating a record USD 2.2 billion in earnings in the 2024/2025 financial year. New figures released on Thursday by the Ministry of Agriculture, Animal Industry and Fisheries
Coca-Cola Beverages Uganda recognised as a Top Employer in 2026
Coca-Cola Beverages Uganda (CCBU), a company in the Coca-Cola Beverages Africa (CCBA) group, is proud to announce its recognition as a Top Employer for 2026 by the Top Employers Institute. It joins six other countries in the CCBA footprint in this elite group. CCBA has also been certified as a Top
How to Build Wealth From Any Income Level – Stanbic Bank
As the month of January draws to a close to the end, Ugandans have been urged to prioritise saving if they are to achieve their aspirations and long-term financial goals. The call was made by Israel Arinaitwe, Head of Personal Banking at Stanbic Bank Uganda. Arinaitwe emphasised the importance of
