Thursday, May 14, 2026

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Business

Uganda’s Ambassador to China, Oliver Wonekha.

From Coffee to Tech: Ambassador Oliver Wonekha outlines new opportunities in Uganda–China partnership

by Matooke Republic

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From L-R: Equity Bank Uganda Executive Director, Claver Serumaga, Equity Group Chairman, Prof. Isaac Macharia, Group Managing Director and CEO, Dr. James Mwangi and Equity Bank Uganda Managing Director, Gift Shoko, during the FY 2025 Investor Briefing event. Equity Group Holdings Plc posted a 55% growth in Profit After Tax to Kshs. 75.5 billion, up from Kshs. 48.8 billion in the same reporting period in 2024, marking a record performance driven by its successful strategic transformation. The Board proposed a dividend payout of Kshs. 21.7 billion, translating to Kshs. 5.75 per share, a 35.3% increase from Kshs. 16 billion (Kshs. 4.25 per share) in 2024. Regional banking subsidiaries registered a 53% growth in profit after tax to Kshs. 36.3 billion, driven by strong performance across key markets including DRC, Uganda, and Tanzania, alongside robust loan expansion of 17% in DRC, 22% in Rwanda, and 61% in Tanzania. Diversification efforts were reinforced by strong momentum in insurance, with gross written premiums rising 75% and profit before tax increasing 36%. The Group also delivered significant social impact, investing approximately Kshs. 99.5 billion in sustainability initiatives, underscoring its continued evolution into a diversified, technology-driven pan-African financial services group.

Equity Group posts record Ksh75.5 billion profit

by Matooke Republic

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I&M Bank’s Head of Treasury - Nadia Mindra (right), hosted Gilbert Kamuntu - Chief Commercial Officer at UNOC in a fire-side discussion.

I&M Bank, stakeholders discuss Uganda’s financial markets in the oil era

by Matooke Republic

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Jael Christine Wawulira- Head of Customer Experience at Equity Bank Uganda.

Creating Banking Experiences That Truly Work for Women

by Matooke Republic

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I&M Bank Uganda CEO- Robin Bairstow speaking during a roundtable discussion at the Inclusive FinTech Forum 2026 in Kigali recently.

I&M Bank joins Industry Dialogue on Africa’s Digital Finance Innovations at Kigali Fintech Forum

by Matooke Republic

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FMO Co-Chief Investment Officer- Huib-Jan de Ruijter (left) and I&M Bank CEO -Robin Bairstow sign a Memorandum of Understanding after announcing the partnership.

FMO and I&M Bank Uganda partner to boost SME financing and economic inclusion

by Matooke Republic

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SGR’s Eight-Year Impact: Faster Travel, Booming Towns, and Safari Adventures

by Matooke Republic

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Tanzanian tycoon Rostam Azizi buys majority stake in Nation Media Group

by Matooke Republic

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Sudhir’s One Ten Luxury Apartments Take Shape in Kololo

by Matooke Republic

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Kampala traders threaten shop closure over delayed flood compensation

by Matooke Republic

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