Credit

Stanbic’s Net Profit Touches a Record UGX 478Bn: 10 Facts and Figures That Explain This Record Performance

by Paul MurungiBanking & InsuranceEast AfricaIndustry & AnalysisThe Big StoryMarch 24, 2025March 25, 2025

Stanbic Uganda Holdings Limited (SUHL) has once again proven its financial strength, posting a record net profit of UGX 478 billion in 2024, up from UGX 411.5 billion in 2023,…

Search for credit: Borrowers register 10,730 securities worth UGX 16 trillion with URSB

by Paul MurungiFinanceIndustry & AnalysisThe Big StoryMarch 12, 2025March 12, 2025

Uganda Registration Services Bureau (URSB) registered a significant increase in borrower securities or collaterals under the Security Interest in Movable Property registry in the year ended June 2024, an indication…

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Ugandans transacted UGX 435 billion per day through MTN mobile money in 2024 

by Paul MurungiFintechsIndustry & AnalysisThe Big StoryMarch 6, 2025March 7, 2025

Ugandans on average transacted UGX 159 trillion on MTN Mobile Money, which translated to UGX 435 billion per day for the 12 months to December 2024.  Details contained in the…

Thought Leadership: Building brand equity by delivering customer solutions

by CEO East Africa MagazineThought LeadershipWomen In LeadershipOctober 29, 2024October 29, 2024

By Damallie Nalukwago  What is little understood generally is the importance of operations in brand building. The perception seems to be that brand building is about logos and fancy advertising. That…

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Allocate optimum resources to maximise Uganda’s tourism potential and accelerate post- pandemic recovery- UTA President, Mrs. Yogi Biriggwa says

by Paul MurungiCompany NewsNews & AnalysisSeptember 28, 2024September 29, 2024

The Uganda Tourism Association (UTA) President, Mrs. Yogi Biriggwa, has urged the government and development partners to direct more efforts and resources to accelerate post-pandemic tourism sector recovery.In a World…

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PostBank, MTN MoMo Partner to Usher More Ugandans into the Money Economy Through the XtraCash Product

by Paul MurungiCompany NewsSeptember 27, 2024September 28, 2024

PostBank Uganda (PBU) in partnership with MTN Mobile Money (U) Limited (MTN MoMo) have launched Xtracash, a digital micro lending solution that is positioned to extend short term facilities to…

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Postbank’s Agriculture loan book registers 70% growth in four years 

by Paul MurungiThe Big StoryAugust 8, 2024August 8, 2024

PostBank Uganda’s agriculture loan book has registered commendable growth of 70% over a four-year period, from UGX 107 billion in 2021 to a 70% growth rate by June 2024. This impressive…

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Commercial Banks’ lending rates rise to 20 percent in 3 months as credit demand drops to UGX 5.1 trillion

by Paul MurungiThe Big StoryJuly 11, 2024July 12, 2024

The Central Bank of Uganda (BOU) has indicated that the quoted lending rates for commercial banks rose in the three months to April, averaging 20.8 percent, just 20 basis points…

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BOU report: Businesses shun loans in third quarter of year

by CEO ReporterFinanceOctober 19, 2023October 19, 2023

The report notes that the “decrease in loan applications is an indication of the lingering effects of the global tight monetary policy implemented since June 2022 that has led elevated lending rates.”

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BNPL Startup, Lipa Later Raises USD 5m, Targets a Further USD 20m.

by Jonathan N. LubwamaEast AfricaFinanceFintechsICTStartupsThe Big StorySeptember 13, 2023September 13, 2023

Kenyan fintech powerhouse, Lipa Later Group, has successfully raised $5 million in a private debt issuance, marking a significant milestone in its financial journey. However, the company’s ambitious expansion plans…

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