From Kahuma’s corruption probes to Ebiru’s bribery confession and Kasigwa’s contested leadership, the Uganda National Bureau of Standards (UNBS) has spent more time battling itself than enforcing quality. For over…
At the 2025 Fintechs Annual Gathering in Kampala, Sitoyo Lopokoiyit, the M-PESA Africa managing director, delivered one of the event’s most compelling keynotes, part warning, part vision, and wholly inspiring….
In a ruling that reinforces Ugandan courts’ discretion to retain jurisdiction over disputes relating to alleged illegality, Justice Patience Rubagumya of the Commercial Division of the High Court declined to…
If the long-rumored Stanbic–NCBA merger or buyout becomes reality, NCBA shareholders could emerge as the biggest winners in East Africa’s next major banking shake-up. The market already seems to agree. When news of a possible deal surfaced this week, NCBA’s market value jumped from about UGX 2.9 trillion to UGX 3.15 trillion in a single day, while its share price surged nearly 9%. Year-to-date, the stock has risen 56%, and over the past 12 months, it has gained nearly 78%, a clear sign that investors are betting on a major payout. Large takeovers typically come with a buyout premium of…
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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 been accumulating for over four years since the central bank took over the regulation of mobile money and e-money service providers. Details contained in the Bank of Uganda 2024/25 Integrated Annual Report indicate that during 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. However, the report notes that by the reporting…
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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 financial inclusion deepens, a new challenge is emerging: a rise in loan defaults and growing concerns over the sustainability of unsecured digital credit. A new Bank of Uganda Bank Lending Survey Report for the first quarter of the 2025/26 financial year indicates that commercial banks are warning that the very innovation meant to bridge access gaps is now creating new vulnerabilities in the credit market. At least 13%…
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When three leading African and international institutions joined forces to back Uganda’s infrastructure pipeline, the mandate demanded technical precision and rapid, cross-border execution. Dentons, under the leadership of David Mpanga, assembled a multidisciplinary team comprising experts in banking and finance, energy, and corporate to steer the transaction from structuring and documentation through conditions precedent and disbursement mechanics. The transaction, involving Ecobank Transnational Incorporated, Development Bank of Southern Africa, and Rand Merchant Bank, was announced as having been completed, with the facility’s purpose being squarely developmental. The money will be channelled in long-term capital into classrooms and clinics, strengthening transport corridors,…
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The private sector entered August on a cautious but hopeful note. Two major business surveys show that while the economy remains on a growth path, financial strain and weak present conditions are dampening sentiment. The Bank of Uganda’s Business Tendency Indicators (BTI) pointed to declining confidence in current conditions. But firms expressed soaring optimism for the coming months. Meanwhile, the Stanbic Bank Purchasing Managers’ Index reported steady expansion. It highlights resilience in output, hiring, and new orders despite inflationary pressures. Confidence slips in the present, but expectations rise Bank of Uganda’s BTI shows that overall business confidence stood at 57.2…
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Uganda’s coffee season is unfolding in two very different chapters. In July, the country shipped nearly a million bags, the second-highest monthly volume on record. That oversupply of beans boosted foreign exchange earnings but also dragged down the average price per kilogramme. Because supply had flooded the market, buyers were bargaining harder, and the mix shifted toward lower-value grades of Robusta. By September, the picture had flipped. A spell of dry weather in Brazil threatened global supplies, and a stronger Brazilian currency discouraged farmers there from selling. Those two forces combined to drive futures prices higher. Uganda, though far from…
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