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Tag: Financial Results

Finance Minister Matia Kasaija (C) and State Minister Evelyn Anite (4th L) join PostBank Uganda's Chairman Andrew Otengo Owiny (3rd R) and MD Julius Kakeeto (3rd L) with other officials at the bank's 2024 AGM in Kampala today. Shareholders commended PostBank's strong performance, celebrating a UGX 35.4 billion profit after tax and its position as one of the most profitable government entities.

PostBank Uganda set to rebrand to Pearl Bank after record profit year

by Ronald Mayega | Reporter

Finance Minister Matia Kasaija (C) and State Minister Evelyn Anite (4th L) join PostBank Uganda's Chairman Andrew Otengo Owiny (3rd ...

From L-R: Equity Bank Uganda Executive Director, Claver Serumaga, Equity Group Managing Director and CEO, Dr. James Mwangi and Equity Bank Uganda Managing Director, Gift Shoko, during the Quarter One 2025 Investor Briefing event. Equity Group Holdings has registered 15.4 billion Profit After Tax for the period ended 31st March 2025.

Tech Adoption, African Expansion Fuel Equity Group’s KSh 15.4 Billion Earnings

by JOSEPH NSIMBI | UG STANDARD REPORTER

From L-R: Equity Bank Uganda Executive Director, Claver Serumaga, Equity Group Managing Director and CEO, Dr. James Mwangi and Equity ...

Wave Mobile Money laid off about 15% (about 2,000) of its staff in June across different countries. In Uganda, about 300 staff were affected.

Wave Mobile Money Ugandan dream turns sour as losses deepen

by Julian Ninsiima | Reporter

Wave Transfer's ambitious Ugandan mobile money venture faces significant setbacks as 2024 financials reveal deepening losses. KAMPALA, Uganda — Wave ...

Absa Bank Uganda's Interim Managing Director David Wandera discusses the bank's strong 2024 performance, highlighting a 22% profit growth

Absa Uganda announces double-digit profit growth

by JOSEPH NSIMBI | UG STANDARD REPORTER

Absa Bank Uganda's Interim Managing Director David Wandera discusses the bank's strong 2024 performance, highlighting a 22% profit growth KAMPALA, ...

The Group's insurance arm reported a profit before tax growth of 58% to Kshs 1.5 billion. The Group's digital channels now process 86% of all transactions, enabling customers to access a seamless, digital-first experience.

Equity Group’s Total Assets Reach Kshs 1.7 Trillion, Driven by Regional Expansion

by JOSEPH NSIMBI | UG STANDARD REPORTER

The Group's insurance arm reported a profit before tax growth of 58% to Kshs 1.5 billion. The Group's digital channels ...

MTN Uganda CEO, Sylvia Mulinge at her inaugural press conference that was held at the MTN Uganda Head offices in Kampala

MTN Uganda MoMo transactions reach UGX158.6 Trillion, driving record growth

by JACKSON RUGUNDA | UG STANDARD REPORTER

Ms. Sylvia Mulinge, MTN Uganda Chief Executive Officer KAMPALA - MTN Uganda's mobile money platform has emerged as a powerhouse ...

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