Uganda’s banking sector has never been stronger on paper. And the Bank of Uganda’s latest Financial Soundness Indicators show why. Banks, the indicators show, are heavily capitalized, flush with liquidity, profitable, and increasingly resilient. Regulatory capital sits above 25% of risk-weighted assets, double the global standards. Non-performing loans have fallen from 5.2% to 4.1% in a year, while liquidity coverage ratios have surged to an extraordinary 580%. Returns on equity remain a solid 16 to 17%. In short, Uganda’s banks are safe, liquid, and among the most profitable in the region. Yet behind this impressive stability lies a nagging paradox:…
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Uganda’s watchdog charged with policing the quality of goods and services is flush with cash yet dangerously hollow in capacity. Uganda National Bureau of Standards (UNBS) closed the 2023/24 financial year with record revenues—UGX73.9 billion in non-tax revenue. This was far above its UGX54.4 billion target and sharply higher than the UGX60 billion recorded the previous year. Import inspections also crossed 293,000, well beyond the 200,000 goal. On paper, the regulator looks stronger than ever. But the picture on supermarket shelves tells a different story. More than half of locally produced goods—including food, drinks, and cosmetics—slip through the cracks, entering…
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Hundreds of innovators/entrepreneurs graced the Uganda-EU Business Insights 2025 held on Thursday, February 13 at Mestil Hotel, Kampala. The event, organized by the European Union (EU) Delegation to Uganda in partnership with the Government of Uganda and Private Sector Foundation Uganda, also brought together industry leaders, and policymakers, to explore innovative solutions in Agricultural Technology and Sustainable Mining. The day-long event that had I&M Bank Uganda as a partner offered business-to-business, business-to-investor, and business-to-government matchmaking platform, connecting European investors with Uganda’s agriculture and mining innovators and entrepreneurs. The activities included panel discussions addressing key challenges and exploring innovative solutions in…
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Over 10,000 have graduated from A, B, C university, these are some of the stories that make headlines each year when graduands receive their certificates, diplomas, bachelor’s, and any other form of accreditation upon completing the courses they were undertaking at the various institutions of higher learning. The number of students who graduate from over 230 higher education institutions each year has been increasing over time. In 2018/19, this figure stood at 78,300 students, according to statistics by the National Council for Higher Education in its ‘State of Higher Education and Training in Uganda 2018/19’ report. The question is, is…
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Stephen Asiimwe, the CEO of Private Sector Foundation Uganda (PSFU), has commended Uganda Baati for bringing in the key innovations in the steel sector and taking the lead in advocating for quality products over the years, “you are market leaders in innovation, we are here to appreciate you and give our commitment to support you in areas of market access, policy advocacy and export promotion” he said Uganda Baati Ltd (UBL) today hosted the PSFU top management, led by Stephen Asiimwe, the Chief Executive Officer, Francis Kasirinya, the Chief Membership Officer, Damali Ssali, the Chief Programmes Officer and Ronny Mulongo…
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The Private Sector Foundation Uganda (PSFU) recently put together a panel of experts who analysed the impact of UGX. 48.1 trillion national budget for the Financial Year 2022/2023 that was read on June 14. The experts, during the post-budget dialogue under the theme “full monetization of the Ugandan economy through commercial agriculture, industrialization, market access and digital transformation” at Kampala Serena Hotel on Friday probed if the budget addresses the nation’s development agenda for the next level. “If yes, then let us identify so that PSFU can garner support and partner with those projects with the Government,” said Mr. Rajesh…
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Private Sector Foundation Uganda (PSFU) in partnership with MasterCard Foundation-Young Africa Works in Uganda, hosted a dialogue to address the rising wheat and opportunities for Import replacement along the Wheat Value chain. The dialogue under the theme: “Rising wheat prices: opportunities for import replacement”, comes at a time when wheat prices in the country are on the rise as result of rise in fuel prices as well as the Russia-Ukraine war which hiked cost of importation of wheat, affecting the bakery and confectionary industry. Despite the current challenge, this presents an opportunity for innovation especially regarding domestic production of wheat…
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Damali Ssali has been appointed the new Chief Programmes Officer at Private Sector Foundation Uganda (PSFU). She will be reporting to the Chief Executive Officer. Ssali is in charge of the Programme Management Unit (PMU) which is responsible for the identification and design of new programmes and project, fundraising, program management and measurement and tracking of results and outcomes. Damali joins PSFU with a wealth of experience spanning over 20 years with over 15 years in senior management roles. She is an Afro-optimist with a natural interest in financial services, trade, business, innovation, and entrepreneurship. She is also Ugandan Ambassador…
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Over 100 young women showcased their small businesses at a special women’s business market exhibition aimed at empowering them. The exhibition, dubbed “Women’s Day Katale”, was hosted by the Private Sector Foundation Uganda (PSFU), Uganda’s apex body for the private sector, in partnership with the Mastercard Foundation’s Young Africa Works initiative in Uganda, in celebration of International Women’s Day 2022 themed, “INVESTING IN YOUNG WOMEN FOR A SUSTAINABLE TOMORROW.” Speaking at the event hosted at Kasana Sports Grounds in Luweero, Victoria Sekitoleko- the Vice Chairperson of the PSFU Board said,“Through this initiative, we are re-echoing our recognition of the contributions,…
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Grace Nshemeire-Gwaku has been appointed the new Chief Operating Officer at Private Sector Foundation Uganda (PSFU). Grace is a results-oriented business leader with extensive experience across various functions and countries. Having spent 18 years in the private sector, She has held various leadership positions some of which were at an executive level. She has collaboratively led projects across functions& countries, created growth drivers, written, and implemented annual business plans as well as strategies, partnered brilliantly with both internal and external stakeholders. Prior to this role, Nshemeire-Gwaku was the regional head of marketing, international premium spirits, and reserve brands at East…
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