AGP Executive Report
Last update: 11 hours agoBanking Results: Equity Group says H1 2026 profit jumped 32% to KSh45.5bn, with total income up 25% to KSh124.9bn and deposits rising 21% to KSh1.59tn—fuelled by stronger non-funded income and regional growth. Rural Delivery Under Scrutiny: Uganda’s LEGS rural growth programme (about Sh545bn) is facing accountability questions over land disputes, unaccounted funds and loan irregularities under the Ministry of Local Government. Satellite Internet Rollout: Roke Telkom and Paratus Uganda have launched Starlink low-Earth-orbit services for enterprises after UCC licensing—aimed at mining, healthcare, tourism, NGOs and remote government operations. Skills Body in Financial Trouble: UVTAB is under pressure with arrears and undisclosed payables totalling about Sh21.6bn, plus procurement and asset-transfer questions after the DIT merger. Jobs Corruption Crackdown: Kisoro District service commission officials were arrested over alleged bribes linked to government job placements. Mining Expansion: Euro Gold Refinery opened a Yumbe gold site targeting up to 20kg per week, promising jobs and mercury-free operations as Uganda pushes formalisation. Digital Identity Glitch: MPs report new national ID QR verification failures blocking access to banking, SIM services and other transactions. EAC Energy Push: Uganda and Tanzania’s energy hub talks at Tanga underline efforts to deepen regional integration and fuel security. IT Export Ambition: UFZEPA says Uganda wants a bigger slice of the $1.57tn global IT/ITES market, but exports remain low at $48.5m—calling for stronger support for BPO hubs and talent.
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