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.…
Interswitch Uganda, a leading financial technology services provider has announced a strategic partnership with Centenary Bank, one of Uganda’s leading financial institutions, to enhance convenience and accessibility for its customers….
Over the last three years, Uganda’s economy has shifted from a slow recovery to fast-paced growth. At the heart of this transformation is capital: not just in the form of…
In a financial world increasingly shaped by agile Fintechs and digital-first lenders, dfcu is something of an old soul. At 60 years old, it carries the legacy—and the burden—of being one of Uganda’s most established financial institutions. But legacy alone doesn’t guarantee relevance. For years, dfcu wrestled with stagnating earnings, a flatlining share price, reputational bruises from Crane Bank acquisition, and skeptical investors. Yet 2024 marked a stunning reversal. Group profits surged by 151% to UGX72 billion. Non-performing loans halved and the share price, long stuck in neutral, appreciated by 12%—a quiet but significant signal to markets. “This underscores our…
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In partnership with PostBank Uganda, the Women in Business Awards (WiBAS) has skilled over 719 Women in the second edition of the WiBAS Handholding Workshop, aimed at equipping women entrepreneurs…
Having campaigned under the banner of making the United States the “Crypto capital” of the world, in his first week in office, he signed an Executive Order intended to support…
Uganda Development Bank (UDB) and Ministry of Finance will this week hold a meeting aimed at structuring a plan for the repayment of a UGX 10.5 billion loan due to Ndere Cultural Centre. The meeting follows attempts by UDB to resume recovery proceedings against Ndere Cultural Centre, six months after the Ministry of Finance, in September last year, committed to clear outstanding loan balances by December 2024. The loan, initially contracted directly between Ndere Cultural Centre and UDB, has become a subject of inter-ministerial debate following a presidential directive and a subsequent letter of comfort issued by Finance Minister Matia…
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As Uganda’s economy gains momentum in its post-pandemic rebound, a quiet contradiction is taking shape in the financial sector. On the surface, there’s cause for celebration. Mobile money volumes are…
In a week-long agricultural exhibition that attracted farmers and Agri-Entrepreneurs from different districts across the country and the wider region, including a 10-women delegation from Kenya and a 3-women delegation…
In a fiscal climate where many economies are gasping under debt and tax collection fatigue, Uganda Revenue Authority (URA) has pulled off a remarkable feat. It has beaten its revenue target for the 2024/25 financial year by Shs174.11 billion, collecting Shs31.54 trillion—a 100.54% performance. The numbers tell a story of discipline, economic recovery, and a pivot towards digital administration. They also tell a story of how domestic resilience and global trade are the twin engines of Uganda’s fiscal base. But as URA basks in the moment, the real challenge is scaling the mountain of UGX36.74 trillion in the 2025/26 financial…
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The Capital Markets Authority has confirmed the arrest of two directors and an employee of “Vetaplan Chicken” following a major two-year investigation into an alleged investment scam that swindled over UGX 757.5 million (approx. $200,000 USD) from unsuspecting members of the public. That investigation reached a head last week with the arrest of Tanzanian national, 42-year-old Lugeleka Eric Talemwa, one of the company’s directors. Talemwa was arrested at the Uganda-Kenya border in Busia on June 30, amid what authorities believe was an attempt to flee the country. Two days later, the second director, 39-year-old Eve Gershom Tania, and 30-year-old Bob Anthony…
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