In a financial sector often driven by balance sheets and bottom lines, Joseph Mugume has spent 25 years proving that sustainable growth begins with people. As Chief Executive Officer of…
A new chapter in Uganda’s digital finance landscape is quietly unfolding as Stanbic’s FlexiPay and Pearl Bank’s (formerly PostBank) Wendi Wallet join forces to create one of the country’s most powerful interoperable payment ecosystems. Together, the two will drive over UGX 6 trillion in annual digital transactions, merging liquidity, inclusion, and innovation into a seamless financial network that connects over 1.5 million Ugandans. Fillings contained in the two banks’ 2024 financial reports tell of a partnership that could shape a new revolution in Uganda’s e-money ecosystem. Yet it introduces a new chapter of partnerships that will likely reshape how…
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As Uganda heads into another electoral cycle, the National Resistance Movement (NRM) has unveiled its 2026–2031 Manifesto, branding it a programme for “consolidating socio-economic transformation.” The document doubles as both a balance sheet of what the party says it has delivered since 1986 and a forward-looking plan for the next five years. At its heart, the manifesto sets out a vision of industrial growth, agricultural modernisation, financial inclusion, and digital innovation. It also places heavy emphasis on stability, infrastructure, and regional trade. It frames these as foundations on which Uganda’s next phase of transformation will stand. The economic broad vision…
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When East Africans think of corporate governance, the imagination often stretches to urban boardrooms where directors debate strategy and compliance. Yet some of the most decisive governance questions for our…
In a bold move to deepen financial inclusion across Uganda, Wendi, a digital mobile wallet developed by PostBank Uganda which has embarked on a journey to rebrand to Pearl Bank,…
By Laura Bahemuka In Uganda’s economic landscape, Micro, Small, and Medium Enterprises (MSMEs) are the engine that drives productivity, jobs, and innovation. But ask any Ugandan SME entrepreneur, and they’ll…
In 2023, PostBank Uganda (PBU) launched an innovative digital wallet called Wendi. The mobile wallet was designed to foster prosperity for Ugandans by bridging the financial inclusion divide and extending…
Stanbic Uganda Holdings Limited (SUHL) has once again proven its financial strength, posting a record net profit of UGX 478 billion in 2024, up from UGX 411.5 billion in 2023,…
Bank of Uganda has started the implementation of regulation of substantially well capitalised Savings and Credit Cooperative Societies (Saccos). The move, which starts with the issuance of an MDI licence to Ebo Sacco, targets saving societies with savings of above or UGX 1.5 billion provided under the Microfinance Deposit-Taking Institutions Act, 2022 and guided by the Microfinance Deposit-taking Institutions (Registered Societies) Regulations, 2022. Last week, Bank of Uganda issued Ebo Sacco with an MDI license in a shift that takes regulation of big Saccos away from Uganda Microfinance Regulatory Authority to the Central Bank. In 2022, Finance Minister Matia…
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Wendi mobile wallet developed by PostBank has revolutionized the payment process for the Parish Development Model (PDM) program through its innovative digital platform. By leveraging cutting-edge technology, Wendi has successfully digitized PDM payments, reducing processing time, increasing efficiency, and promoting financial inclusion. Prior to the introduction of Wendi, PDM payments were manual, time-consuming, and often plagued by delays. However, with Wendi’s digital platform, payments are now processed in real-time, reducing the time taken to disburse funds from weeks to mere minutes. “Wendi has transformed the way we make PDM payments,” said George Kiyingi, Head of Agent Banking and Fintech Distribution…
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