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TodayThursday, May 07, 2026

Fintechs

Bank of Uganda Governor Michael Atingi-Ego warns that the proposed Sovereignty Bill could destabilize Uganda’s economy, weaken the shilling, and reverse gains in inflation control if passed in its current form.
Bank of Uganda Governor Michael Atingi-Ego warns that the proposed Sovereignty Bill could destabilize Uganda’s economy, weaken the shilling, and reverse gains in inflation control if passed in its current form.

Bank of Uganda Warns Sovereignty Bill Could Trigger an Economic Crisis

Bank of Uganda (BoU) has warned that the proposed Protection of Sovereignty Bill, 2026, if passed in its current form, could trigger far-reaching economic disruption, deepen financial instability, and reverse decades of
April 28, 2026
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
Technology is rapidly changing, and fintechs are in constant motion, transforming how businesses and people transact.

Fintechs shaping Uganda’s financial operations and inclusion

If there is one sector that is experiencing a continuous revolution, it is financial technology (Fintech). The sector seems to be in constant motion, transforming how businesses and people transact, offering a
May 5, 2025
Dr. Valentine Obi, the founder and Chief Executive Officer of eTranzact Global, the parent company of eTranzact Platform Limited Uganda, is one of Africa's most distinguished and visionary financial technology leaders.

eTranzact, one of Africa’s largest cross-border digital banking and payments providers, launches in Uganda

eTranzact Platform Limited Uganda, a subsidiary of eTranzact Global, has formally launched its operations in Uganda, promising to both transform cross-border payments as well as “reduce transaction costs by at least 50%”.
October 17, 2024
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The MTN MoMo Exco team,(clockwise from the top): Richard Yego, Managing Director; Jemima Kariuki, Chief Products Officer; Stephen Mutana, Chief of Strategy and Stakeholder Management; Sarah Bateta Okwi, Chief Financial Officer; Albert Gitta, Chief of Information Technology; Alex Wekoye, Chief Commercial Officer; Israel Mayengo, Head of Risk and Compliance; Stephen Wakhula, Head Internal Audit; William Senfuma, Head of Business Intelligence; Peter Ochen, General Manager, Financial Operations; Joachim Masagazi, Head of Human Resources and Sheila Kawooya, Head of Corporate Services.

PROFILES⎮ Meet MTN MoMo’s fluent-in-fintech dozen leading the search for Mo shared growth

Of this, MTN Mobile Money (U) Limited (MTN MoMo) the fintech subsidiary of MTN Uganda, Uganda’s largest telco commanded a lofty market share of 12.36 million active customers (56% market share). MTN
July 11, 2024
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Service Cops Managing Director, Mathias Kamugasho. Service Cops is a Ugandan technology company with a presence in the Great African Lakes region with a stack of technology solutions serving banking and finance, insurance, education and payments segments.

Ugandan Tech Firm, Service Cops Releases SchoolPay ERP⏤ A Major Upgrade to SchoolPay- the Revolutionary Educational Institutions Management Solution

Service Cops, a Ugandan technology company with a presence in the Great African Lakes region has today announced major upgrades to its SchoolPay solution, introducing SchoolPay ERP. The new SchoolPay ERP boasts
January 29, 2024
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Peter Kawumi, the new Interswitch East Africa Regional Managing Director has been a respected and passionate fintech industry leader in Uganda.

Interswitch Uganda’s Peter Kawumi elevated to East African Regional Managing Director role

Following a spirited four and a half years as the Country General Manager of Interswitch in Uganda, Peter Kawumi has been elevated to the Regional Managing Director, East Africa. In that role,
October 24, 2023
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