In this conversation with CEO East Africa Magazine’s Muhereza Kyamutetera, Muwanguzi reflects on 17 years of building Pegasus, the grit it took to win boardroom trust without relying on political connections, and the hard-learned lessons in the business, regulation, and the disruptive future of AI. At the core of Muwanguzi’s philosophy is what he calls safeguarding Ugandanness in technology — a form of techno-nationalism, where nations deliberately prioritise domestic innovation and control of critical technologies to protect jobs, create local value, and secure their economic future. Large investors and foreign capital alone, he argues, will not solve Uganda’s unemployment crisis….
AI, Regulation, and Protecting the Future of Ugandan Fintechs: Hard-Learned Lessons from Pegasus Technologies’ Founder, Ronald Muwanguzi Seventeen years ago, Ronald Muwanguzi co-founded Pegasus Technologies with little more than a vision, persistence, and a refusal to take “no” for an answer. Today, Pegasus has grown into one of Uganda’s most influential fintech players — powering payments across utilities, education, and commerce while mentoring the next generation of innovators.

Ronald Muwanguzi Co-founder and Director at Pegasus Technologies, believes Uganda’s future lies in safeguarding Ugandanness in technology — a form of techno-nationalism that protects the middle layer where SMEs thrive, nurtures young talent, and keeps value at home. From battling rejection to building Pegasus into one of Uganda’s most influential fintechs, he argues that visionary leadership, hard work, and fair competition are the real engines of job creation and economic resilience.



