Creating a healthy savings culture is one of the most dependable ways to improve your finances. The path to building wealth involves three simple stages: earning money, saving money, and growing money. The first stage is about having a source of income, because you can’t save what you don’t have. The second stage, Saving, begins…
Centenary Bank has issued an official statement addressing recent media reports that alleged staff from its Mapeera Branch were involved in a fraud incident. The bank has clarified that the claims were based on a misunderstanding during a transaction with a customer and not on fraudulent conduct by its employees. According to the statement, the…
The African Development Bank Group (www.AfDB.org) and the Ethiopian Capital Market Authority (ECMA) have signed a grant agreement for $400,000 for the set up of a public disclosure platform and rollout of new financial products including exchange traded funds and green bonds at the Ethiopian Securities Exchange The grant, which will support the Ethiopia Capital…
Centenary Bank, in collaboration with the African Guarantee Fund (AGF), hosted the inaugural Enterprise Finance Summit last Friday at Mestil Hotel, Kampala. Held under the theme “Empowering Enterprise Growth Through Smart Financing Solutions,” the event marked a significant step toward strengthening financial support for Uganda’s small and medium-sized enterprises (SMEs). The summit builds on a…
The African Export-Import Bank (Afreximbank) and the Government of South Africa have signed a significant Joint Project Preparation Facility (JPPF) Agreement aimed at accelerating infrastructure development across the country. The agreement, signed during the recent Intra-African Trade Fair (IATF) 2025 in Algiers, is designed to create a robust pipeline of high-quality, bankable projects essential for…
Kenyan banks have surpassed their Micro, Small, and Medium Enterprise (MSME) green lending targets, a milestone that could unlock up to KShs 19 trillion in “nature-positive investment potential,” according to reports. The achievement signals the financial sector’s commitment to advancing sustainable finance and supporting the green economy. This progress comes after a concerted push by…
Absa Bank Kenya PLC has announced the appointment of Mohammed Nyaoga, EBS, SC, as the new chairman of its Board of Directors, effective October 1, 2025. He will succeed Charles Muchene, who is retiring after serving his full nine-year term. Mr. Muchene’s tenure officially concludes on September 30, 2025. The New Chairman: A Profile Mr….
The Governor of the Bank of Uganda (BoU), Michael Atingi-Ego, has been recognized as one of the world’s 25 best-performing central bank governors by Global Finance magazine in its annual Central Banker Report Cards 2025. The prestigious accolade celebrates his strong economic management and successful efforts in maintaining Uganda’s macroeconomic stability. Graded on Performance MetricsThe annual report…
William Byaruhanga, Uganda’s former Attorney General, has acquired a significant 14.63% stake in Sidian Bank, a Nairobi-based financial institution. The acquisition, valued at KSh 1.03 billion (approximately UGX 28 billion), was made through his investment vehicle, Kenbe Investments. This strategic move positions Byaruhanga as the fourth-largest shareholder in Sidian Bank. The deal involved buying out…
Stanbic Bank Kenya and the Kenya Revenue Authority (KRA) today announced a groundbreaking partnership, launching “Ushuru Pay,” an innovative digital solution set to transform customs tax and levy payments across the nation. This new platform, seamlessly integrated with the KRA’s Integrated Customs Management System (iCMS), promises a faster, more secure, and entirely cashless experience for…
