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Author: UGrowth

Africa

EY Tops Uganda’s Banking Sector as Most Preferred Auditor in 2024 In 2024, Ernst & Young (EY) outpaced its competitors to become the top external auditor in Uganda’s banking sector, securing more commercial and Tier II bank clients than any other firm in a year of shifting audit alliances. 

The Big Story EY Tops Uganda’s Banking Sector as Most Preferred Auditor in 2024In 2024, Ernst & Young (EY) outpaced its competitors to become the top external auditor in Uganda’s banking sector, securing more commercial and Tier II bank clients than any other firm in...
Africa

Nigerian Banks Fail to Deliver on Their Threat to Shake Up Ugandan Market Seventeen years after promising to “crash queues” and shake up Uganda’s banking sector, Nigerian banks are instead watching from the sidelines. United Bank for Africa and GTBank have struggled with weak lending, shrinking profits, and minimal market share—surviving more on government securities than customers. Meanwhile, local, Kenyan, and South African banks are racing ahead with deposits, credit, and relevance. 

The Big Story Nigerian Banks Fail to Deliver on Their Threat to Shake Up Ugandan MarketSeventeen years after promising to “crash queues” and shake up Uganda’s banking sector, Nigerian banks are instead watching from the sidelines. United Bank for Africa and GTBank have struggled with...