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TodayThursday, May 07, 2026

Bank of Uganda- Page 6

MTN CEO Sylvia Mulinge, MTN Mobile Money Managing Director Richard Yego, and M-PESA Africa Managing Director Sitoyo Lopokoiyit. The three agree that now that Africa has already proven it can leapfrog barriers, the next frontier is to ensure that the systems it builds are safe, transparent, and human-centered.
MTN CEO Sylvia Mulinge, MTN Mobile Money Managing Director Richard Yego, and M-PESA Africa Managing Director Sitoyo Lopokoiyit. The three agree that now that Africa has already proven it can leapfrog barriers, the next frontier is to ensure that the systems it builds are safe, transparent, and human-centered.

Africa’s Fintech Future: Sylvia Mulinge, Sitoyo Lopokoiyit & Richard Yego on Building Africa’s Trust Economy

A decade ago, Africa’s fintech revolution began as a response to one of the continent’s most persistent challenges: access to finance. In 2011, only 23% of people in sub-Saharan Africa had access
October 30, 2025
A photo collage of Absa Managing Director David Wandera and Standard Chartered chief executive officer Sanjay Rughani. Standard Chartered and Absa Bank announced on October 24 that they had agreed on the sale of Standard Chartered’s Wealth and Retail Banking business portfolio to Absa Uganda.
A photo collage of Absa Managing Director David Wandera and Standard Chartered chief executive officer Sanjay Rughani. Standard Chartered and Absa Bank announced on October 24 that they had agreed on the sale of Standard Chartered’s Wealth and Retail Banking business portfolio to Absa Uganda.

Big Leap: How Absa’s UGX 1.3 Trillion New Assets and Deposits Acquisition Through Stanchart’s Wealth and Retail Business Will Rewrite its Growth Story

Less than a year after Standard Chartered Bank announced plans to exit its Wealth and Retail Business (WRB) segment as part of a global restructuring strategy, the long-anticipated transaction has now materialized.
October 24, 2025
Some of Uganda's top performing bankers. Top row: Absa Bank MD, David Wandera, Centenary Bank MD, Fabian Kasi, Stanbic Bank CEO. Bottom row: dfcu Bank MD, Mumba Kalifungwa, Equity Bank Uganda CEO, Gift Shoko and PostBank MD, Julius Kakeeto,

Ugandan Banks Post Record UGX 1.9 Trillion Profit as Customer Deposits Surge to UGX 41.6 Trillion-BoU Report

Uganda’s banking sector has cemented its recovery and resilience, posting a record UGX 1.9 trillion net profit for the year ended June 2025. This was a nearly an increase of UGX400 billion
October 13, 2025
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In the 12 months to June 30, 2025, mobile money and e-money providers transferred UGX 10.8 billion in closed-account balances to the central bank for safekeeping, which brought the total accumulation in unclaimed e-money to UGX88.1 billion.
In the 12 months to June 30, 2025, mobile money and e-money providers transferred UGX 10.8 billion in closed-account balances to the central bank for safekeeping, which brought the total accumulation in unclaimed e-money to UGX88.1 billion.

UGX88.1 billion Remains Unclaimed at BoU in Dormant Mobile Money Accounts

At least UGX 88.1 billion remains unclaimed in closed mobile money and other e-money accounts, a Bank of Uganda report shows. The money, which is currently held Bank of Uganda (BoU), has
October 10, 2025
A Bank of Uganda survey indicates that many banks are reviewing their digital lending models to include better risk profiling, repayment tracking, and partnerships with credit reference bureaus.
A Bank of Uganda survey indicates that many banks are reviewing their digital lending models to include better risk profiling, repayment tracking, and partnerships with credit reference bureaus.

Mobile Money Loans Driving Financial Inclusion, but Rising Default Risks: BoU Wants Banks to Tighten Borrower Assessment and Monitoring

The rapid growth of digital and mobile lending is transforming Uganda’s financial landscape. It is expanding access to credit for millions who were previously excluded from the formal banking system. But as
October 10, 2025
Despite strong export growth, Uganda consistently runs a trade deficit, spending more on imports than it earns from exports. But the balance varies sharply depending on the country and region.
Despite strong export growth, Uganda consistently runs a trade deficit, spending more on imports than it earns from exports. But the balance varies sharply depending on the country and region.

Who are Uganda’s True Trade Partners?

For decades, Uganda’s trade story has been defined by its deepening integration into regional markets, rising dependence on Asia, and enduring ties with Europe. But when you look past the big numbers
September 29, 2025
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