Author: Daniel Muwanguzi

Equity Group Holdings Plc has announced its Q3 2025 results, showcasing a robust performance driven by strategic transformation and resilience. The Group’s Profit After Tax surged 32% to Kshs 54.1 billion up from Kshs 40.9 billion, underpinned by diversified and growing revenue streams, enhanced efficiency, and strong regional contributions and strong recovery of the Kenya banking business. During the quarter, the global environment demonstrated resilience with slightly stronger economic growth expected for the year. Easing global inflation rates has been helpful in an international landscape increasingly shaped by trade tensions and fragmentation. Most East African economies will retain the benefits…

Every year on October 31st, the world marks World Savings Day; a reminder that even small savings can lead to big changes. Many people save by keeping money in a piggy bank or depositing it in a bank account. But did you know that insurance is one of the most effective and disciplined ways to save and grow wealth over time. Unlike regular savings accounts that offer limited interest and are often prone to withdrawals, insurance-based saving plans encourage long-term commitment and financial discipline. When one takes up an insurance policy, they are not only protecting their loved ones from…

Over 1,000 women entrepreneurs across eight African countries, including Uganda, are set to benefit from the Women Entrepreneurship for Africa (IYBA–WE4A) programme — a grant initiative designed to boost women-led green businesses and accelerate sustainable growth on the continent. The programme, valued at USD 5.25 million, will award each of the 1,049 selected women entrepreneurs a USD 5,000 grant (approximately shs 18 million), alongside training, mentorship, and business development support. Launched by the Tony Elumelu Foundation (TEF) in partnership with the European Union (EU) and the Organisation of African, Caribbean and Pacific States (OACPS), the initiative is being implemented in…

Ugandan tycoon Sudhir Ruparelia and his wife, Jyotsna, have established a 100-award scholarship program at Victoria University, Kampala, in honour of their late son, Rajiv. The initiative was unveiled at the university’s ninth graduation ceremony at Speke Resort. Administrators described a fully funded package aimed at high performers progressing to advanced study and professional tracks. The awards will run under the Rajiv Ruparelia Bursary, structured to cover tuition for selected students based on merit and published criteria set by the university. The program formalises a philanthropic pathway the family has used across education and health projects and adds scale to…

By Isaac Christopher Lubogo Introduction: When Numbers Lie but Truth Speaks In the United States, it is said that about 35–38% of adults possess a university degree. In Uganda, the figure barely crosses 5%. Yet numbers, like shadows, only reveal what the sun allows them to. For beneath these statistics lies a deeper narrative — one about the mind of a nation, the philosophy of knowledge, and the spiritual infrastructure of development. A nation’s literacy cannot be measured merely by how many can read a sentence, but by how many can read reality, interpret it, and reconstruct it for the…

Stakeholders from government, development agencies and the private sector gathered at the Protea Hotel in Kampala to witness the launch of a partnership between Equity Bank Uganda and Water.org, a collaboration set to accelerate access to clean water and improved sanitation across the country. Speaking at the event, Equity Bank Uganda Director Public Sector and Social Investment, Catherine Psomgen described the partnership as “a bold step in our journey to transform lives and livelihoods through inclusive and sustainable financial solutions.” She highlighted that the initiative builds on successful collaboration that began in 2011 between Water.org and Equity Bank Kenya, which…

Wearing a Clifton black top, a black skirt with matching black heels, Winfred Phiona Adong walked into Hotel Africana’s Sezibwa Hall with a quiet confidence. When she spoke, she was calm and articulate. She had the ease of someone accustomed to boardrooms and negotiation tables Adong was one of the few invited customers, during Equity Bank’s Customer Service Week Stakeholder breakfast held at Hotel Africana on 7th October 2025. The engagement was titled Listening to the Sound of the River, a focused group discussion designed to strengthen trust and relationships but also to ensure that the bank gathers customer feedback. Adong the proprietor…

Uganda’s economy expanded by 6.3% in the 2024/25 financial year, surpassing last year’s 6.1%, according to the Bank of Uganda’s September 2025 State of the Economy Report. This growth—driven by robust performance in agriculture and industry—is a testament to President Yoweri Museveni’s enduring leadership and strategic economic vision. Under Museveni’s guidance, agriculture grew by 6.6%, with livestock surging 8.8% and fishing jumping 17.8%. Industry rose by 7.0%, bolstered by a 12.2% increase in construction. These gains reflect the President’s commitment to rural transformation and industrialization, key pillars of his Tenfold Growth Strategy, which aims to expand Uganda’s economy from USD…

Banking has evolved from long queues and endless paperwork to something you can do in seconds, anytime, anywhere. dfcu Bank is leading that digital revolution with two powerful tools, that is the *USSD Code *240# and the Mobi Loan. Both services are changing how Ugandans access financial services, from checking balances and paying bills to getting instant cash in an emergency. We sat down with Isaac Bigirwa, Head of Cards and Payments at dfcu Bank, for a thought-provoking conversation about innovation, inclusion, and instant access to banking. Q1: Just for starters, take us through the dfcu USSD Code *240# and…

In the grand tapestry of Uganda’s economic future, tourism is no longer a scenic backdrop—it’s the golden thread. President Yoweri Museveni’s manifesto doesn’t just mention tourism; it elevates it to a central pillar of national transformation. With a bold ambition to grow Uganda into a $500 billion economy, the NRM is betting big on the power of nature, culture, and strategic branding to turn the Pearl of Africa into a global magnet for adventure, investment, and unforgettable experiences. Tourism has always been Uganda’s quiet powerhouse. Even during economic turbulence, it remained a reliable source of foreign exchange, proving its resilience…