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
Over 160 women-led green enterprises graduate under Stanbic, GIZ programme
A total of 165 women-led enterprises have graduated from a green business acceleration programme supported by Stanbic Business Incubator Limited (SBIL) and the German development agency (GIZ), in partnership with the Ministry of Gender, Labour and Social Development. The enterprises completed training under the Green Businesses and Jobs for the
Shilling steadies as BoU mops up excess liquidity
The Uganda shilling traded sideways against the US dollar in last week’s session, supported by a balance between demand and supply in the interbank market. Market activity showed demand for the greenback largely coming from the energy, manufacturing and telecommunications sectors, while supply was driven by commodity exporters, non-governmental organisations
Absa honours top dealers in asset finance push
Absa Bank Uganda has recognised 13 outstanding dealer partners under its inaugural Titan Awards, an initiative aimed at strengthening partnerships that expand access to vehicle and asset financing in Uganda. The awards, which the bank says will be held annually, are designed to support businesses and individuals to invest in
Absa takes financial literacy drive to Mbarara schools
Absa Bank Uganda has extended its financial literacy outreach to students in Mbarara, reaching 345 learners at Revival Girls Secondary School through a peer-learning initiative conducted in partnership with Reach A Hand Uganda. The engagement is part of an ongoing collaboration between the bank and the youth-focused organisation aimed at
Absa pushes blended finance to unlock Uganda’s energy ambitions
Financial institutions must prioritise blended finance and bankable project structures to unlock Uganda’s long-term energy ambitions, Absa Bank Uganda chief financial officer Michael Segwaya said. Speaking at the 2nd Energy Convention held at Four Points by Sheraton in Kampala on July 24, Segwaya said access, affordability and project preparation remain the
