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Western Union and PostBank Uganda today announce the launch of international money transfers in the Wendi mobile wallet. The co-branded digital service will empower customers in Uganda to send and receive funds globally. Wendi is PostBank Uganda’s innovative digital wallet that enables customers to efficiently manage and transact funds directly from their smartphones and feature phones. Customers can now receive money from their loved ones into the wallet seamlessly through Western Union’s vast global network, which spans over 200 countries and territories. They also have the flexibility to send funds to bank accounts and mobile wallets worldwide, as well as…
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PostBank Uganda driven by its purpose of Fostering Prosperity for Ugandans has completed UGX 6 billion disbursement of the first tranche of the GROW loan to 353 women entrepreneurs, a project funded by the World Bank and implemented by the Ministry of Gender, Labour and Social Development in partnership with Private Sector Foundation Uganda (PSFU). GROW Loan is a government-backed initiative aimed at fostering entrepreneurship among women by providing affordable loans and business development support, focusing on boosting financial inclusion and promoting economic growth in Uganda. The GROW project aims to support women in transitioning from micro and small to…
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dfcu Bank has announced its role as an implementing partner for the Government of Uganda’s GROW Project, a new initiative dedicated to supporting women entrepreneurs in scaling their businesses, sustaining self-employment, and creating more jobs across the country. This launch further solidifies dfcu Bank’s longstanding commitment to empowering women entrepreneurs through innovative financial solutions, training, and mentorship programs. The GROW Project aims to address the financial and developmental needs of women entrepreneurs, providing them with essential resources to expand their operations and achieve long-term sustainability. As an implementing partner, dfcu Bank will facilitate the disbursement of funds and provide comprehensive…
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The Northern Corridor Integration Projects (NCIP) partner states, comprising Kenya, Uganda, Rwanda, and the Democratic Republic of Congo (DRC), have agreed to jointly mobilize funds to fast-track the development of the Standard Gauge Railway (SGR) project. The decision was made during a meeting of the Joint Ministerial Committee on SGR, held in Mombasa, Kenya on Thursday, May 3, 2024. The transport ministers reaffirmed their commitment to expediting the completion of the remaining SGR sections from Naivasha in Kenya to Uganda, Rwanda, South Sudan, and DRC. Specifically, Kenya has committed to resume the construction of the Naivasha-Kisumu-Malaba and Kisumu-Malaba SGR sections…
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