ABC Capital Bank Stages Comeback as Turnaround Strategy Pays Off
After a turbulent period marked by losses, ABC Capital Bank is steadily scripting a comeback, one that is beginning to validate its bet on digital transformation, disciplined management, and strategic repositioning. Fresh financial results for 2025 show a bank on the mend, with profit after tax surging by 285 per
Uganda’s Oil Sector Poised for Growth as First Oil Nears
Uganda’s journey towards first oil production is gaining momentum, with key industry players rallying behind efforts to ensure the country maximises value from its petroleum resources. This was the central message at the 11th Oil and Gas Convention 2026, currently underway at Speke Resort Convention Centre in Munyonyo, where government
Pearl Bank’s Agriculture Push Earns Central Bank Recognition
Pearl Bank’s growing influence in financing Uganda’s agriculture and small business sectors has earned it recognition from the Bank of Uganda, underscoring the lender’s expanding role in driving inclusive economic growth. The recognition, announced during a stakeholders’ workshop at Hotel Africana, highlighted the bank’s strong performance under the Agricultural Credit
From Subsistence to Scale: How dfcu Is Powering Uganda’s New Generation of Farmers
Uganda’s agricultural sector is undergoing a quiet but significant transformation—one driven not just by policy, but by farmers who are rethinking agriculture as a business. At the centre of this shift is dfcu Bank, whose long-running Best Farmers platform is helping to turn smallholder ventures into scalable agribusinesses. Since 2014,
Atingi-Ego Warns Sovereignty Bill Could Shake Economy
Bank of Uganda Governor Michael Atingi-Ego has warned Parliament that passing the proposed Protection of Sovereignty Bill, 2026 in its current form could trigger serious economic disruption, weaken the shilling, and undermine the country’s ability to sustain critical financial inflows. Appearing before a joint sitting of Parliament’s Defence and Internal
CNOOC Uganda Limited Conducts Kingfisher Oilfield Well Control Emergency Drill to Strengthen Safety and Response Preparedness
CNOOC Uganda Limited (CUL), in collaboration with its contractor CENERTECH and partner Infiniti Line International Limited, has conducted a Well Control Emergency Drill at the Kingfisher Oilfield, reaffirming our commitment to safety, operational excellence, and emergency preparedness. The exercise brought together key stakeholders from government, regulatory bodies, and industry to
DTB Uganda recognised for client service excellence
Diamond Trust Bank (DTB) Uganda has strengthened its standing in the financial sector after emerging 1st Runner-Up for Best in Client Service at the 8th Bi-annual Uganda Revenue Authority (URA) Bankers Appreciation Conference held last week. The event, hosted at Mestil Hotel in Kampala, brought together key industry players and
MTN switches on solar power to cut emissions
MTN Uganda has commissioned a state-of-the-art solar power system at its headquarters in Kampala, marking a significant step in its drive to reduce carbon emissions, improve energy efficiency and cut reliance on conventional power sources. The installation, valued at more than $370,000, comprises 1,188 solar panels with a total installed
dfcu Bank backs Ojok’s coffee push as Northern Uganda turns to agribusiness for transformation
dfcu Bank is deepening its support for agricultural transformation in Northern Uganda, backing young farmer Alfred Ojok’s expanding coffee venture as part of a broader push to unlock agribusiness potential under Uganda’s National Development Plan IV (NDP IV). Uganda is targeting an economic leap from about $50 billion to $500
Closing the Gap Between Digital Awareness and Real Adoption in Mukono’s MSMEs.
By Ambrose Dillan Masengere In Mukono, digital tools are no longer unfamiliar to small business owners. Mobile phones, social media pages and mobile money platforms are firmly embedded in everyday enterprise operations. Yet for many micro, small and medium enterprises (MSMEs), these tools remain underutilized. Present in business activity, but
