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News
Stanbic lending to SACCOs hits Shs 289bn as inclusion drive deepens
KAMPALA, March 23, 2026 — Stanbic Uganda Holdings Limited extended Shs 289 billion in loans to 912 savings groups and community finance institutions in 2025, underscoring a growing push to widen access…
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Kenya’s SACCOs eye fintech alliances as digital transactions surge
NAIROBI, February 24, 2026 — Leaders of Kenya’s Savings and Credit Cooperative Organisations [SACCOs] have identified collaboration with financial technology firms [fintechs] as a top strategic priority for 2026, signalling a decisive…
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Tanzania: Total SACCO assets reached TZS 1.46trn in 2024 – report
DODOMA, December 23, 2024 — The total assets of Savings and Credit Cooperative Organisations [SACCOs] in Tanzania rose to TZS 1.46 trillion in 2024 from TZS 1.33trn in 2023, representing an increase…
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SACCO Supervision Report 2024 unveiled in Nairobi as total assets hit Ksh 1.08trn
NAIROBI, September 25, 2025 —Kenya’s SACCO Supervision Regulatory Authority [SASRA] today released the much-anticipated SACCO Supervision Report 2024, painting a robust and resilient picture of Kenya’s regulated SACCO sector. The report was…
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Minister Kasaija declares interest rate of 13.5 percent for NSSF savers at Annual Members’ Meeting
KAMPALA, September 22, 2025 — Uganda’s National Social Security Fund [ NSSF ] savers will receive a 13.5 percent interest on their savings for the Financial Year 2024/25, following a declaration made…
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Stanbic posts Shs 355 billion gross profit in first half of 2025, but dividend remains unchanged
KAMPALA, August 18, 2025 – Stanbic Uganda Holdings Limited [SUHL] has released its financial results for the first half of 2025, reaffirming its strategic commitment to supporting Uganda’s economic development and fiscal…
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Afreximbank reports strong performance for Q1 2025 in line with expectations
KAMPALA, May 22, 2025 — African Export-Import Bank [ Afreximbank ] which operates an affiliate in Kampala has released the consolidated financial statements of the Bank and its subsidiaries for the three…
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Parliamentary SACCO posts Shs 9.6bln in gross income
KAMPALA, September 14, 2024 — The Speaker of Parliament, Anita Among, has hailed the Uganda Parliamentary Savings and Credit Cooperative Society [Parliamentary SACCO] for its continuous expansion following a Shs 9.6 billion…
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dfcu posts Shs 50.9bln in gross profit
KAMPALA, August 22, 2024 – dfcu Limited’s interim unaudited financial results for the six months ending June 30, 2024, reveal a gross profit of Shs 50.9 billion, marking a 51.6 percent increase…
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UDB’s total assets hit Shs 1.6trn in 2023-report
KAMPALA, March 1, 2024 – The Uganda Development Bank [ UDB ] has released unaudited report for 2023, showing the Bank’s total assets grew by 8 percent to Shs 1.64 trillion from…
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