The Cairo-based trade finance institution announced on Sept.2 that its net income for the six months to June 30 rose to $412.7 million Kampala, Uganda | THE INDEPENDENT | African Export-Import Bank Group (Afreximbank) has reported a rise in first-half net income, supported by stronger income and higher liquidity buffers, …
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The operator reported a 28.8% rise in half-year profit, reaching Shs 197.2 billion as more Ugandans surf the internet rather than chat Kampala, Uganda | THE INDEPENDENT | Airtel Uganda is proving that in telecommunications, data, not voice, is now king. The operator reported a 28.7% rise in half-year profit, reaching …
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As Uganda’s development bank posts strong results, calls grow for sustainable government support to meet rising demand Kampala, Uganda | JULIUS BUSINGE | Uganda Development Bank (UDB), the country’s leading state-owned development finance institution, has reported a robust net profit of Shs 57.8 billion ($15.4 million) for the year ending 2024—an …
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The lender’s digital channels processed 87% of all transactions, with the Equity Mobile App and USSD platform recording Shs 26.5 trillion in transaction value Nairobi, Kenya | THE INDEPENDENT | Equity Group has reported solid financial results for the first quarter of 2025, underpinned by its regional expansion, diversified business model, …
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My perspective shifted, much like the blind man in the biblical story who shouted, “I can see!” COMMENT | IAN RUMANYIKA | For 12 years, I worked within the walls of the Uganda Revenue Authority, with a slogan before me, “Developing Uganda Together and the weight of responsibility”. My role …
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The lender also continued to expand its continental footprint, with Libya and Somalia joining its list of African member states, bringing the total to 54 ANALYSIS | THE INDEPENDENT | Africa’s multilateral lender, Afreximbank, reported a 29% surge in net income to $973.5 million for the full year 2024, defying global …
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Kampala, Uganda | THE INDEPENDENT | MTN Uganda’s fintech arm, MTN Mobile Money Uganda Ltd has recorded a 23% increase in net profit to Shs 250.2 bn for the year ended 31 December 2024, underscoring the growing centrality of digital payments to Uganda’s economy. Revenue climbed 25.2% to Shs 981.9 bn …
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Financial results for the year ended December 31, 2024 show revenue climbs 15% to sh546 billion 🔴Highlights of Absa Bank Uganda 2024 Performance ✳ Profit After Tax: Increased by 22%, to UGX 178 billion. ✳ Revenue: A growth of 15.1%, driven by growth in customers, transactional activity, and credit support. ✳ Customer Loans: …
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Ugandan lender sets sights on profitability top-tier as rivals Stanbic and Bank of Baroda stay ahead—for now Kampala, Uganda | THE INDEPENDENT | In a banking sector still feeling the effects of cautious post-pandemic recovery and tighter monetary conditions, dfcu Bank has delivered a notable performance that signals a shift …
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Equity Bank Rwanda, Tanzania, Uganda, and DRC all recorded impressive growth in returns with market almost doubling Nairobi, Kenya | THE INDEPENDENT | Equity Group Holdings Plc has reported a robust 17% increase in net profit to Kshs 48.8 billion for 2024, as the Nairobi-based regional lender capitalised on a …
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The Independent Uganda: You get the Truth we Pay the Price
