Tag Archives: Bank

Our Reporter Equity Bank Uganda has successfully completed the migration of its core data centre operations to the Raxio Data Centre in Namanve Industrial Park, marking a significant milestone in the bank’s digital transformation journey. The move, which was completed a week ago and publicly unveiled on February 25, 2026, consolidates the bank’s critical infrastructure within a high-availability, in-country hosting …

The Cry is over, Finance Trust Bank Releases Shs250m to FUFA for 2025/26 Women’s Football Season | Voice of Bugerere Home Sports Women Football The Cry is over, Finance Trust Bank Releases Shs250m to FUFA for 2025/26 Women’s Football Season

Two Kampala-based lawyers have been remanded to Luzira prisons over the alleged theft of Shs700 million said to have been fraudulently transferred from a Belgian national’s bank account. According to charge sheets referenced under CPS KLA CRB 1008/2025 and sanctioned on February 19, 2026 obtained by RedPepper, the accused are Muhindo Patience Audrey, 29, described as a lawyer and resident …

After ten years, millions in financing and bold promises to transform Uganda’s business and tourism competitiveness, the Competitiveness and Enterprise Development Project (CEDP) is now under an unforgiving spotlight. The December 2025 Value for Money audit on CEDP has laid bare a troubling pattern of delayed works, underutilised facilities, partially implemented reforms and systems that exist on paper but struggle …

Banking giant Absa Bank has suffered a major legal embarrassment after the Labour Court in Cape Town ordered it to reinstate private wealth banker Ronaldo Giovanni Kleinsmith, ruling that his dismissal was substantively unfair and partly based on invalid disciplinary charges. The judgment — which overturned an earlier decision by the Commission for Conciliation, Mediation and Arbitration (CCMA) — has …

One of the suspects charged over an attempted Shs 725 million fraud targeting Stanbic Bank has opened negotiations with the State to resolve the case through a plea bargain. The development was disclosed on Monday before the Buganda Road Chief Magistrate’s Court, where Chief State Attorney Joan Keko told the court that Elizabeth Mbabazi, a Rwandan businesswoman, had formally expressed …

The Prime Minister of the Republic of Uganda, Rt. Hon. Robinah Nabbanja has reaffirmed Government’s commitment to strengthening Uganda Development Bank’s (UDB) capital base to enable the Bank fully deliver on its mandate of accelerating Uganda’s socio-economic transformation. The Prime Minister made the remarks last Friday while officiating at a ceremony where staff of UDB were passed out after completing …

The South African unit of one of Nigeria’s largest lenders, Access Bank, has seen an exodus of senior executives amid concerns of a lax compliance regime, with the group roping in its Nigerian executives to steady the ship and put the group on a growth path in Africa’s most industrialised economy. The group in December announced the imminent departure of …

From women’s banking dream to Tier II downgrade, today, RedPepper reveals the slow, painful unravelling of Finance Trust Bank. When the Bank of Uganda (BoU)quietly approved FTB’s transition from a Tier I commercial bank to a Tier II credit institution effective April 1, 2026, and went on to announce the decision publically in a notice issued Thursday, Jan. 29, it …

Kampala, 27th January 2026: Centenary Bank has reaffirmed its commitment to youth empowerment and sustainable development as it actively participated in the Youth Conference organized by Our Lady of Fatima Shrine, Nakulabye Parish Youth Apostolate. The conference is an engagement platform bringing together young people, policymakers, development partners, and the private sector to shape conversations around economic inclusion, innovation, and …