For years, Uganda’s digital lending sector has expanded at breathtaking speed, but without the underlying visibility required to support responsible growth. Borrowers have increasingly turned to mobile money as their...
There are years when an industry grows quietly, and then there are years when it changes character. For Uganda’s insurance industry, 2025 was unmistakably a change of character. Viewed from…
Paul Kavuma, the former Chief Executive Officer of Jubilee Allianz General Insurance Uganda, has announced his move to Liberty Uganda, where he takes up the role of Country Head of…
This festive season, Pearl Bank (formerly PostBank Uganda) reminded customers that banking can still feel human, warm, and personal, as it concluded its Christmas campaign dubbed “Pearl Santa.” The campaign…
Old Mutual Insurance Uganda, Uganda’s No.1 general insurer, has announced that its Managing Director and Chief Executive Officer, Stephen Chikovore, will step down from his role effective 31 January 2026.…
Thousands of people attended the Tubeere Balamu Community Health Camp, which took place on Tuesday, 28th and Wednesday, 29th January 2025, at St. Joseph Catholic Parish-Kyengera, Busiro.The initiative, which had I&M Bank Uganda as a partner, is spearheaded by His Majesty Ronald Muwenda Mutebi II, the Kabaka of Buganda, through…
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Equity Bank Uganda Celebrates the Graduation of Its Maiden Cohort of Equity Leaders Program Scholars.Equity Bank Uganda has celebrated the graduation of its first cohort of Equity Leaders Program (ELP) scholars, who have successfully completed their 3-year University Bachelor’s degree programs. Of the 122 young leaders commissioned during the program’s…
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New findings from Uganda’s Ministry of Trade, Industries and Cooperatives show that there exists a high digital divide, low technology adoption and business registration among micro,…
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Travelling in rural Uganda and interacting with the population whose farming activities are imperiled by unprecedented rainfall patterns, one is likely to hear farmers who have worked the same land…
Stanbic Bank Uganda has unveiled a new campaign dubbed Kiri SupaDupa which aims at breaking barriers to access to finance for newly employed individuals especially the youth. According to the African Development Bank (AfDB) young people face numerous institutional barriers when sourcing funding for their personal or commercial ventures with lack of collateral, limited credit history, and restrictive loan requirements being the main hindering most youth from accessing finance. “Africa is predominantly youth, and at Stanbic Bank, we are resolute in ensuring that our lending products reflect that reality. As part of our sustainability agenda, we are intentional about breaking…
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The Auditor General, Edward Akol, has noted with concern that the Tilenga and KingFisher Development Area oil projects in western Uganda are behind schedule in hitting completion targets, with some activities also facing a funding crisis. The Auditor noted that whereas the Uganda commercial oil production plans had set a target of drilling 451 oil wells, the Field Development Plan (FDP) designated only 177 (approximately 39%) as necessary for the initial phase of oil production targeted for November 2025, and which was later projected to 2027. However by the time of the compiling of the Auditor’s report in November 2024,…
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Uganda, a major recipient of America’s foreign aid, could find herself in a tough position after the 47th President of the United States of America, Donald Trump issued an executive order halting all foreign development assistance pending review in a manner that aligns, and is consistent with Trump’s new government priorities. “The United States foreign aid industry and bureaucracy are not aligned with American interests and in many cases antithetical to American values. They serve to destabilize world peace by promoting ideas in foreign countries that are directly inverse to harmonious and stable relations internal to and among countries,” the…
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In a significant stride towards promoting financial innovation, the Capital Market Authority (CMA) of Rwanda has introduced Guidelines n° 002/CMA_G/2023, dated 27/04/2023. These guidelines govern the Fintech Regulatory Sandbox for Capital Markets, creating a controlled environment for fintech innovators to test their products and services, ensuring a balanced approach between innovation and regulatory oversight. Embracing Digital Transformation Rwanda’s financial sector is experiencing rapid transformation driven by evolving financial technologies (Fintech). These innovations are reshaping market structures and creating new business models, offering financial products and services more efficiently. The Fintech Regulatory Sandbox (the “CMA Sandbox”) is designed to embrace this…
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