Latest Banking News in Uganda and the World Today

Apostle Grace Lubega Got Shs 8B Loan Using Church Land—Despite Anti-Debt Claims

Apostle Grace Lubega claimed his mega-church would rise without loans—yet URSB filings show Phaneroo took Shs 8B from Equity Bank.

Stanbic launches Uganda’s first preapproved mortgage plan, cutting red tape and helping clients access up to UGX 500 million.

David Wandera makes history as the first Ugandan Managing Director of Absa Bank Uganda, ushering in a bold leadership era.

PostBank Uganda’s Wendi mobile wallet hits 1 million users, empowering SACCOs, VSLAs, and PDM beneficiaries with digital savings and transparency.

Absa Bank Uganda launches instant digital loans and online accounts to boost financial inclusion and ease banking access.

Housing Finance Bank partners with Easy Housing to deliver climate-smart, affordable homes tailored for Ugandans seeking sustainable living.

Pride Microfinance becomes Pride Bank Limited, securing Tier II status and unlocking expanded services for Uganda’s underbanked communities.

Absa Uganda posts strong bancassurance growth, leading the market with UGX 39.2B in premiums and 17.46% share in 2024.

KCB Bank Uganda sponsors the 2025 Pearl Rally with Shs80M as Mbarara hosts the ARC round for the first time.

Billions of shillings lie unclaimed in Uganda due to slow legal processes that delay access to mobile money and bank accounts.