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Tag: Moses Nkonge Kibalama

Musician and opposition candidate Robert Kyagulanyi aka Bobi Wine during the press conference encouraging his "people power" supporters to continue wearing their trademark red berets in Kampala. Uganda's military announced that red berets had been gazetted, and civilians in possession of them could be punished with up to five years in prison. (Photo by Sally Hayden / SOPA Images/Sipa USA)(Sipa via AP Images)

“Kibalama has been compromised and coerced into disowning us,” Bobi Wine denies promising him any money

by William Kasoba
September 17, 2020

Two of the founders of National Unity Platform (NUP), Moses Nkonge Kibalama and Ssimbwa Paul Kagombe have today in a ...

VIDEO: Bobi Wine to allegedly lose his NUP party as Kibalama accuses him of failing to clear ‘transfer fees’ worth Shs18b

by William Kasoba
September 17, 2020

The political heat in Uganda is steadily gaining momentum as various political players and political parties are in preparations for ...

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Bobi Wine begins international engagements in the US

March 19, 2026
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

March 19, 2026

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