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    Bank of Uganda

    BoU Governor urges escalation of mobile money fraud complaints as Airtel Money defends platform safety

    Paul MurungiThe Big StoryAugust 14, 2025August 14, 2025

    Bank of Uganda (BoU) Governor Michael Atingi-Ego has advised Ugandans who believe they have been defrauded through mobile money to first report the matter to their service provider and, if…

    Many ordinary Africans have found themselves trapped in a system built by colonialists, optimized by neoliberals, and defended by large setups such as the IMF, UN, and World Trade Organization. It protects the rich while squeezing the poor.

    How Debt, Tax, and Colonial Legacies are Rigging Africa’s Future

    Jeff WintersThe Big StoryAugust 14, 2025August 14, 2025

    Christine Aber wakes before the sun does in Northern Uganda. She sets up her modest stall and begins the daily grind – selling a humble mix of millet flour, rice,…

    Bank of Uganda Governor Michael Ating-Ego speaks during the Uganda Bankers' Association Annual Conference in Kampala. Remittances from Ugandans working overseas had by 2024, according Bank of Uganda, reached $1.5b, up from $1.1b in 2016.

    Uganda’s Most Underused Asset: Why the Remittance System Needs a Total Rebuild

    Jeff WintersThe Big StoryAugust 8, 2025August 8, 2025

    Imagine Amina, a young mother in Kampala, waiting every month for money sent by her brother working abroad. That money pays for her children’s school fees, medicine, and food. But…

    Billions Sent Home, But to Whose Benefit? The Remittance Riddle Facing Ugandan Banks

    Paul MurungiThe Big StoryAugust 1, 2025July 31, 2025

    Every month, tens of thousands of Ugandan households receive life-sustaining  remittances from family members living abroad.  These funds, estimated at over USD 1.4 billion annually according to the Bank of…

    Bank of Uganda to Begin Buying Gold After Year-Long Wait

    Paul MurungiBanking & Financial ServicesThe Big StoryJuly 30, 2025July 30, 2025

    Uganda’s central bank is set to commence buying gold almost a year after announcing its domestic gold purchase programme, marking a significant shift in the country’s approach to reserve management…

    The Bank of Uganda report is a mixture of caution due to rising incidents of cyber fraud and a celebration of continued growth and resilience.

    Digital Credit Doubles, But So Do Cyber Risks: Uganda’s Banking Paradox

    CEO East Africa MagazineBanking & Financial ServicesBusiness & MarketsThe Big StoryJuly 9, 2025July 9, 2025

    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…

    URA beat its revenue target for the 2024/25 financial year by UGX174.11 billion, collecting a record Shs31.54 trillion—a 100.54 percent performance.

    URA surpasses target with UGX31.5 trillion haul, eyes digital future

    Editorial, CEO East AfricaBanking & Financial ServicesNews & AnalysisJuly 7, 2025July 7, 2025

    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…

    Left-Right: Finance Minister Matia Kasaija, Bank of Uganda Governor Michael Ating-Ego, and Lawyer Silver Kayondo. The Finance Ministry and Bank of Uganda maintain that cryptocurrencies are not legal tender in Uganda. Kayondo’s attempt to find legal means of regularizing cryptocurrency through the court was dismissed.

    Uganda Sits on a Trillion Shilling Crypto Market – But Without Rules, Clarity or Direction

    CEO East Africa MagazineThe Big StoryJuly 1, 2025July 1, 2025

    Imagine a young software developer in Kampala. He’s just finished building a smart-contract application that could help farmers track produce payments without relying on brokers. He’s hopeful, energized, but frustrated….

    (Left to Right) MTN Uganda Chairman Charles Mbire, MTN Uganda chief executive officer Sylvia Mulinge, and MTN Mobile Money managing director Richard Yego, will, on July 2, be part of an extraordinary meeting where shareholders will vote on the proposed spin-off of MoMo, the Fintech unit from the telco, MTN Uganda.

    Spinning off value? MoMo’s exit tests MTNU’s shareholder promise

    CEO East Africa MagazineBanking & Financial ServicesGlobal NewsNews & AnalysisTechnology & InnovationThe Big StoryJune 17, 2025June 17, 2025

    Uganda’s biggest Fintech, MTN Mobile Money (MoMo), is moving out of the family home. Long treated as just another product line within the telecom’s machinery, MoMo is being carved out…

    Auditor General Edward Akol (right) reveals a cocktail of failures, including delayed or non-payment of enumerators, which could have been one of the earlier signs of a messy census conducted by Ubos under the leadership of Chris Mukiza.

    The Census that Cannibalized the System: Auditor General Digs Inside Uganda’s UGX396 billion Data Gamble

    CEO East Africa MagazineBanking & Financial ServicesEntrepreneurshipPolitics & GovermentJune 17, 2025June 17, 2025

    “Counting people should never cost a country its ability to make people count.” These words, first voiced during a 2015 keynote address by South African statistician Pali Lehohla at a…

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