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If ESG were a person, at Letshego Uganda, he/she would not be seated in a boardroom quoting frameworks. It would be on the road, on the phone, and occasionally on a slightly unstable network connection: meeting customers where they are and figuring things out as it goes. That, in many ways, captures how the institution is choosing to champion Environmental, Social and Governance principles: practical, embedded, and keen to remind everyone that sustainability is about people, not perfection. ESG is not a side project or a glossy annual report chapter. It is treated as a going concern, woven into operations…
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Centenary Group, through its technology company – Centenary Technology Services, has signed a landmark Memorandum of Understanding (M.O.U) with Service Cops, formalizing a strategic technology and business partnership aimed at accelerating digital transformation, deepening financial inclusion, and expanding access to modern digital services across Uganda and the wider African region. Service Cops is a Pan African Technology Innovations and Outsourcing Solutions powerhouse that specializes in developing proprietary digital financial solutions, bespoke enterprise platforms and business outsourcing solutions for African markets and beyond. The partnership, coordinated at Group level through Centenary Technology Services (Cente-Tech), brings together Centenary Group’s 43-year legacy of social-impact…
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In a landmark partnership that signals collaboration over competition, Pearl Bank Uganda (formerly PostBank Uganda), a leading government-owned financial institution and Stanbic Bank Uganda, the country’s largest commercial bank, have…
The future of financial inclusion in this country and across the world will depend squarely on how efficiently and effectively the financial industry collects data from the millions of people who need financial services. In the last year, we at PostBank have had the honour of supporting the government’s disbursement of money for the Parish Development Model (PDM). We have disbursed about UGX 600 billion via our Wendi mobile wallet platform and are on track to disburse one trillion shillings by the end of the financial year. That is all very well, and these funds have assisted thousands of families…
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Airtel Mobile Commerce Uganda Limited (AMCUL) will continue to send money to other networks in Uganda, East Africa and the world, for as low as UGX100, following the fintech’s decision to maintain, for good, a price-cutting campaign it launched in December 2022. In a media statement, Airtel Money said it would maintain the reduced transaction charges announced last year, in the #PakaKuGround drive, which cut rates by up to 95%. Japheth Aritho, the AMCUL Managing said that the move was aimed at addressing affordability challenges as well as enhancing interoperability, as the fintech moves to enhance digital financial inclusion. …
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Over the years, financial inclusion has emerged as one of the key drivers of inclusive socio-economic development, especially in developing countries. The human development discourse is therefore incomplete without addressing issues of financial inclusion. This is because creating an adequate level of financial inclusion enables individuals and entities to fully participate in the national economy. Specifically, financial inclusion, or an inclusive financial market, especially in digitised form, reduces inequality by facilitating consumption, payments and money transfers, and business operations as well as realising the benefits from financial products such as savings and credit. Financial inclusion also promotes the growth of…
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