A new chapter in Uganda’s digital finance landscape is quietly unfolding as Stanbic’s FlexiPay and Pearl Bank’s (formerly PostBank) Wendi Wallet join forces to create one of the country’s most powerful interoperable payment ecosystems. Together, the two will drive over UGX 6 trillion in annual digital transactions, merging liquidity, inclusion, and innovation into a seamless financial network that connects over 1.5 million Ugandans. Fillings contained in the two banks’ 2024 financial reports tell of a partnership that could shape a new revolution in Uganda’s e-money ecosystem. Yet it introduces a new chapter of partnerships that will likely reshape how…
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The Dar es Salaam Stock Exchange (DSE) has posted another quarter of solid financial performance, signaling strong operational resilience and investor confidence amid a tightening regional economic environment. For the…
Uganda’s banking sector has never been stronger on paper. And the Bank of Uganda’s latest Financial Soundness Indicators show why. Banks, the indicators show, are heavily capitalized, flush with liquidity, profitable, and increasingly resilient. Regulatory capital sits above 25% of risk-weighted assets, double the global standards. Non-performing loans have fallen from 5.2% to 4.1% in a year, while liquidity coverage ratios have surged to an extraordinary 580%. Returns on equity remain a solid 16 to 17%. In short, Uganda’s banks are safe, liquid, and among the most profitable in the region. Yet behind this impressive stability lies a nagging paradox:…
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Against a backdrop of slowing credit appetite and shifting investment strategies, Uganda’s commercial banking sector recorded UGX 35.24 trillion in customer deposits in 2024, up from UGX 33.60 trillion in 2023—a growth of UGX 1.65 trillion or 4.9%. In comparison, loans and advances rose from UGX 20.30 trillion to UGX 21.51 trillion, reflecting a UGX 1.21 trillion or 5.9% increase. The growing gap between deposits mobilised and credit extended underscores a recurring dynamic: while banks continue to attract liquidity, many are opting for a more conservative lending posture, often channelling excess funds into government securities instead of private-sector credit. Amid…
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