Despite facing a five percent decline in profit after tax, Equity Group has upheld its track record of dividend payout for the year ending December 2023. The bank’s board has recommended a dividend payout of Sh15.1 billion, marking an increase in dividend yield to 11.9 percent from 8.8 percent in the previous year. James Mwangi,…
In the ever-evolving landscape of financial technology, USSD codes have emerged as a convenient and accessible means for individuals to conduct banking transactions on the go. In Uganda, mobile penetration is high but access to traditional banking services is limited which makes banking via USSD an essential service. This comprehensive guide delves into the world…
As the school holidays start, both schools and parents are gearing up for the Back-to-School season to ensure a smooth transition into the last term of the year. While the focus remains on education and personal growth, the financial aspect of this preparation should not be overlooked. Banks offer a plethora of financial products tailored…
Equity Insurance, a subsidiary of Equity Bank, achieved remarkable success by selling 7.2 million policies, contributing to an 8% growth in profits for the Equity Group, as revealed in its recently announced half-year results. The impressive performance of Equity Insurance has ignited optimism that it could potentially outshine its banking counterpart by 2030, as stated…
In the face of a challenging global macroeconomic landscape characterized by persistent high inflation, elevated interest rates, volatile exchange rates, and the devaluation of emerging economies’ currencies, Equity Group has unveiled its 2023 half-year results, showcasing remarkable resilience. Despite these adversities, the Group has shown a funding growth of 23%, primarily driven by a 21%…
Introducing children to the world of banking is an essential step toward fostering financial literacy and responsible money management skills. In Uganda, financial institutions offer a range of specialized banking products tailored for young savers. This article delves into a comparative review of banking products for children in Uganda, highlighting their features, benefits, and how…
Trade financing plays a vital role in enabling businesses to sustain their operations, expand their reach, and navigate the challenges posed by the ever-changing global market. In times of economic uncertainty and disruptions, accessing trade financing from banks becomes even more critical for business continuity. This article explores how firms can harness trade financing options…
Equity Bank Uganda has officially become a platinum member of the Financial Technology Service Providers Association (FITSPA), reaffirming its commitment to delivering inclusive financial services. FITSPA, an independent and non-profit organization, aims to support Uganda’s aspiration to become a leading fintech hub by promoting affordable financial services through innovative information and communication technology, while also…
Dr. James Mwangi, the CEO and Managing Director of Equity Group, was recently presented with the prestigious Lifetime Achievement Award at the All-Africa Business Leaders Awards in Sun City, South Africa. The award, given by Africa Business News (owners of CNBC Africa and Forbes Africa), recognizes individuals who have made a significant impact on their…
Verve International, Africa’s largest domestic payments scheme, has achieved another significant milestone by surpassing 50 million issued payment cards in Nigeria.
