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…
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…
Equity Bank has moved its Bugolobi branch to a new, more convenient location to better serve its customers. The branch, formerly on Luthuli Avenue, is now located at Hensley Business Park, Plot 3-5 Mpanga Close, Mulwana Road, putting it right in the middle of Bugolobi’s bustling commercial area. The new location is part of Equity…
In a move to bolster financial inclusion and fight poverty across its member countries, the Islamic Development Bank Institute (IsDBI) has unveiled a new, five-volume series of Islamic Microfinance Toolkits. These comprehensive guides provide a practical roadmap for policymakers, regulators, and practitioners looking to build and manage Islamic microfinance institutions. A Comprehensive Guide to Inclusive…
Sanlam Investments East Africa Limited has announced it will officially rebrand to SanlamAllianz Investments Limited, effective September 15, 2025, following the successful completion of a landmark joint venture between two global financial powerhouses. Historic Partnership Creates Financial Giant The rebranding comes after the closure of the SanlamAllianz Joint Venture in September 2023, which created a…
In a conversation at the Trade and Development Bank (TDB) Annual General Meetings in Kigali, Rwanda, Patricia Ojangole, the Managing Director of the Uganda Development Bank (UDB), discussed the crucial role of Development Finance Institutions (DFIs) in promoting economic growth. She highlighted the importance of securing affordable and long-term capital and building strategic partnerships to…
Absa Bank Uganda has launched a new financial campaign dubbed “Jooga 2025,” marking a significant shift in how customers access and manage their financial needs. This comprehensive initiative transforms traditional banking services into tailored solutions that address real-life financial challenges. During the campaign launch, Absa Bank Uganda’s Chief Finance Officer, Michael Segwaya, outlined the bank’s…
Stanbic Bank Uganda has announced the appointment of Mumba Kalifungwa as its new Chief Executive Officer, effective March 1, 2025, pending regulatory approval. Kalifungwa, currently the Managing Director at Absa Bank Uganda, brings nearly 30 years of experience, with 20 years in senior leadership roles in the banking sector across Botswana, Zambia, and Uganda. His…
