By Julius Akais The landscape of agricultural financing in Uganda is undergoing a profound transformation, driven by a strategic approach that goes far beyond traditional lending models. At the heart…
By Julius Akais Osauro In Uganda, agriculture is not just an economic sector, it is the heartbeat of the nation resting on the shoulders of its smallholder farmers. Yet, these…
In this exclusive interview, Muhereza Kyamutetera, Executive Editor of CEO East Africa Magazine, sits down with Jemima to explore her journey at MTN MoMo, the key milestones she has achieved,…
When women get their finances together, the whole society is better for it. Every day, this fact gains growing importance as we at PostBank roll out our products into communities…
By Flavia Nabukeera Savings to some is a discipline, and to others, it is a tug of war where one compares what they earn and what they can put aside for future investment. Oftentimes, the outcome is resorting to not saving anything at all because they think they never have enough. But how does one develop a savings habit? Is it after facing a life-challenging situation that prompts one to put money aside? It can be 5%, 10%, 20%, or even 50%, or a discipline that one has to master whenever they have extra money from their earnings, then dedicate…
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By Adons Aryong For the last half of a century, Uganda’s vibrant education system held onto traditional models of school fees collections through direct bank deposits and cash payments at…
By Kenneth Kawuki The evolution of the procurement function from a peripheral role to a more strategic one is helping unlock its full value in companies and organizations. It is key to note that the procurement function in companies accounts for about 60% of the approved organizational budgets. Previously, the procurement function primarily revolved around negotiating the lowest price for goods and services. This process often began with budgeting and planning, an order from a department to source specific items and ended with the delivery of the goods or service. In between, there were bid invitations, bid assessments, and eventual communication of…
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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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Entrepreneurs have been advised to adopt value addition practices as a gateway to tap into the lucrative trade opportunities locally and across the region. The call was made during the climax of the four (4) day Agri SME Skills Development Program facilitated by PostBank Uganda in partnership with the Federation of Small and Medium Enterprises (FSME) at Uganda Industrial Research Institute (UIRI) in Nakawa, Kampala. Launched in 2022, the Agri SME Skills Development Program forms part of PostBank Uganda’s Corporate Social Investment (CSI) under its Financial Literacy pillar, aimed at empowering Ugandans so that they can participate in the social…
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PostBank Uganda has been selected to provide interest-free loans to large-scale commercial farmers under a new government financing scheme aimed at enhancing food security and addressing supply chain challenges. The scheme, which is part of the government’s efforts to promote agro-industrialization and support the 10-fold growth strategy, will provide timely, affordable, and accessible financial resources to farmers. Speaking at the launch, PostBank Uganda’s Managing Director Julius Kakeeto emphasized the importance of financing large-scale farmers. “We are thrilled about the government’s initiative, which we believe will address two major challenges: food security and supply chain constraints,” said Mr. Kakeeto. “This initiative…
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