Pearl Bank (formerly PostBank Uganda) wins Fintech Partnership of the Year and Best Bank in Agriculture and Agro-processing at the inaugural Annual Bankers Awards (ABA) Pearl Banks Managing Director, Julius Kakeeto, was also recognized as a Fellow of the Uganda Institute of Banking and Financial Services (UIBFS). The awards were organized by the Uganda Institute of Banking and Financial Services and the Uganda Bankers Association and were held at Mestil Hotel under the theme “Beyond the Finish Line.” Pearl Bank was honored with two awards at the inaugural Bankers Awards, winning the Best Bank in Agriculture and Agro-processing award and…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Less than a year after Standard Chartered Bank announced plans to exit its Wealth and Retail Business (WRB) segment as part of a global restructuring strategy, the long-anticipated transaction has now materialized. Absa, just like many had projected, has stepped in as the acquirer, with the deal formally announced on 24 October, expected to transfer all Standard Chartered’s WRB clients, assets, and employees to Absa. It is one of the most significant realignments in Uganda’s banking sector in recent years, following Standard Chartered’s November 2024 declaration of intent to divest from retail operations to focus on its Corporate and Investment…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Payments through cheques in Uganda’s financial eco-system continues to decline as Bank of Uganda (BoU) intensifies efforts to promote digital and electronic payments. Latest data from the central bank shows that both volume and value of cheque transactions have dropped, reflecting a steady shift toward electronic funds transfers and mobile-based banking solutions. BoU data indicates that cheque transaction values fell by 3.6%, from UGX 4.8 trillion in the year to June 2024 to UGX 4.62 trillion in the same period in 2025. Similarly, the volume of cheques declined by 3.9%, from 1.05 million to 1.01 million transactions over the same…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
The rapid growth of digital and mobile lending is transforming Uganda’s financial landscape. It is expanding access to credit for millions who were previously excluded from the formal banking system. But as financial inclusion deepens, a new challenge is emerging: a rise in loan defaults and growing concerns over the sustainability of unsecured digital credit. A new Bank of Uganda Bank Lending Survey Report for the first quarter of the 2025/26 financial year indicates that commercial banks are warning that the very innovation meant to bridge access gaps is now creating new vulnerabilities in the credit market. At least 13%…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
After a two-year probe, COMESA’s Competition Commission has forced Uber to rewrite parts of its rider contract. The Commission says the parts of the contracts mislead and unfairly tilt risk to customers. At the heart of the case was a basic question: should a global platform be free to set terms that weaken local consumer protections? The Commission decided the answer was no. It closed the investigation after Uber agreed to amend its Terms & Conditions. The changes now bar the company from routing disputes in Kenya and Uganda through Dutch law, clarify when prices can change mid-journey, and limit…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Uganda’s remittance inflows are worth more than USD 1.4 billion a year — a figure Julius Kakeeto, Managing Director of PostBank and Chairman of the Uganda Bankers’ Association, believes can…
Ugandan Banks have responded to growing concerns from the diaspora community over the quality of real estate developments financed through mortgages, announcing a raft of reforms to protect buyers and ensure accountability among property developers. In a statement issued by the Uganda Bankers Association (UBA) Chairman, Mr Julius Kakeeto, the financial institutions under the UBA umbrella acknowledged complaints from diaspora clients who have invested in properties, sometimes remotely, only to receive substandard or non-compliant buildings. “We fully appreciate that hard-earned money from diaspora workers or indeed anyone should never go to waste through substandard property developments,” Mr Kakeeto, while delivering…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Mathias Katamba is the Board Chairman of UNOC. He is a Governance, Leadership and Strategy Consultant, as well as an Executive Coach with over 25 years of high-level corporate experience. He is the Founder and Team Leader at MAKLEAD, a consulting and business advisory firm and currently serves on several Boards in multiple sectors. He is also an accomplished Banker and has previously served as Chief Executive of 3 commercial Banks (Finance Trust Bank, Housing Finance Bank and dfcu Bank) in addition to co-founding Progression Capital Africa, an East African Financial Inclusion Private Equity Fund. He has in addition previously…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
In a significant step for Uganda’s banking sector, Cathy Adengo, the Head of Sustainability at Stanbic Bank Uganda, has been elected as the inaugural Chairperson of the Uganda Bankers’ Association…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
The Uganda Bankers Association (UBA) has named Stanbic Bank Uganda’s Country Manager for Reputation and Corporate communication as the new Chairperson of the Peer Committee on Marketing and Communication, succeeding…
