Wednesday, July 15, 2026

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Tag: Uganda banking sector

The Bank of Uganda has approved Absa Bank Uganda's acquisition of Standard Chartered's wealth and retail banking business, marking a major shift in the local financial sector.

BoU approves Absa-StanChart retail deal

by WINNIE NAKAMATTE | REPORTER

The Bank of Uganda has approved Absa Bank Uganda's acquisition of Standard Chartered's wealth and retail banking business, marking a ...

Equity Bank has moved its Bugolobi branch to a new, more modern and accessible location as part of a strategy to improve customer convenience and service. The branch has relocated from Luthuli Avenue to **Hensley Business Park, Plot 3-5 Mpanga Close, Mulwana Road**. The new location is centrally positioned within one of Kampala's busiest suburbs, making it easier for both business and retail customers to access. According to a statement from the bank, the new branch offers a more spacious banking hall with enhanced facilities for private consultations. It also includes dedicated meeting rooms for financial advisory sessions and comprehensive money management discussions. The move also provides customers with improved parking and is located near major landmarks to enhance accessibility.

Court orders Equity Bank to pay UGX115 million to Indian firm over failed Mukwano deal

by JOSEPH NSIMBI | UG STANDARD REPORTER

Uganda’s Commercial Division of the High Court has ordered Equity Bank to pay $31,200 (115 million shillings) to an Indian ...

Bank of Uganda liquidates EFC Uganda Limited, revokes its license, and orders winding up of affairs.

Yearender: Leadership changes, cybersecurity threats, and digital innovations shaped Uganda’s Banking Sector in 2024

by UG STANDARD EDITOR | UG STANDARD EDITORIAL

Standard Charted Bank has closed shop in Uganda KAMPALA —Uganda’s banking sector in 2024 was a whirlwind of change and ...

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