Sunday, September 6, 2026

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Business

Music Promoters to withhold 6% tax from local artists under new tax measures

by Matooke Republic

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How Well Does Uganda’s 5G Perform?

by Matooke Republic

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Minister of Energy and Mineral Development Ruth Nankabirwa.

“There is no justification for price increases as supply remains stable,” Energy Minister Nankabirwa warns fuel companies against hikes

by Matooke Republic

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Founder of ProofPing, Isaac Mutabazi.

What is ProofPing, how does it work; and why you might need it

by Matooke Republic

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Uganda secures slots in 2026 TEF Programme, each beneficiary to receive Shs19 million boost

by Matooke Republic

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How Ugandan Communities Are Turning Trees into Livelihoods

by Matooke Republic

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Tony O. Elumelu, the founder of Tony Elumelu Foundation (TEF).

Tony Elumelu Foundation to announce 3,200 African Entrepreneurs, including Ugandans – Each to receive $5,000 non-refundable seed capital

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World Bank bans PwC firms in Kenya, Rwanda, Mauritius over fraud and collusion

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Uganda’s Ambassador to China, Oliver Wonekha.

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

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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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