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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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On 26th March 2024, there was a poll on X (formerly Twitter) in which 3,794 people voted. The poll was a vote between building a home or buying bonds. At the end of the poll, buying a home edged buying bonds by two per cent. About 1,860 on the poll voted to buy bonds instead of building a home. If this poll was held a couple of years back, bonds would probably not get 10% of the vote and if there was a third option of “What are bonds?”, it would score more than buying bonds itself. Whereas a Twitter…
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What is the Wezimbe Unit Trust? Wezimbe Unit Trust is an investment product that enables you to pool your money together with other investors to create a large fund. This Fund is managed by a professional Unit Trust Manager who invests in a wide range of securities e.g. Shares, Treasury bonds, Treasury bills etc) to get a favourable return on your investment. Does it offer a fixed rate of return on your investment? No, the rate of return on your investment depends on the trends in the investment environment and financial markets. The likelihood of no return on investment is…
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