Consumer Protection

Leaders from Uganda’s digital finance ecosystem at the gnuGrid Universal Loan Checker Uganda stakeholder meeting, highlighting collaboration on responsible digital lending.
Key leaders from Uganda’s digital finance ecosystem — L-R: Japhet Aritho, CEO, Airtel Mobile Commerce Uganda Limited (Airtel Money); Richard Yego, Managing Director/CEO, MTN Mobile Money Uganda; David Opio Obwangamoi, Founder and Team Lead, gnuGrid CRB; Shakila Kerre, MSME & Fintech Financing Specialist, UN Capital Development Fund (UNCDF) and Racheal Vanesa N. Muhwezi, Manager for Microfinance Institutions, Uganda Microfinance Regulatory Authority (UMRA) — are united behind the Universal Loan Checker. Their shared commitment to transparency, interoperability and responsible lending signals a major step toward safer borrowing, stronger portfolios and greater trust across the digital credit market.

gnuGrid CRB Set to Unveil Uganda’s First Cross-Network Digital Loan Checker

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 main source
COMESA Competition Commission CEO, Willard Mwemba, President of Diageo Africa, Hina Nagarajan and EABL Group CEO, Mrs. Jane Karuku.

COMESA Fines Diageo USD 750,000 for Unfair Distribution Deals in Uganda, Eswatini and Zambia

The Common Market for Eastern and Southern Africa (COMESA) Competition Commission has imposed a fine of USD 750,000 on global alcoholic beverages manufacturer Diageo Plc, the majority shareholder in East African Breweries
Justice Ssekaana ruled that while banks have a duty to ensure compliance with anti-money laundering regulations, they must do so within the confines of the law and reasonable due diligence. The judgment noted that Equity Bank did not report the transaction to the FIA within the legally mandated 48-hour window but only did so 16 days later, after legal action had commenced.

Ugandan Court Faults Equity Bank for Freezing Client’s UGX85 Million

In a ruling that could redefine customer-bank relationships in Uganda’s financial sector, the High Court of Uganda has found Equity Bank Uganda Limited guilty of unlawfully freezing a customer’s account, a decision
February 14, 2025

 

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