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TodayWednesday, April 29, 2026

Uganda Bankers' Association (UBA)

The Rise of the Internal Thief: Insider Fraud is one of the Most Prevalent Financial Crimes in Uganda, and moreover at senior management levels.

THE THIEF WITHIN: Who is Stealing from Ugandan Companies?

Uganda is experiencing an economic crime crisis, with businesses and individuals losing over USD 272 million (UGX 1.02 trillion) in 2024 due to fraud, cybercrime, and financial misconduct. This represents a sharp
February 25, 2025
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Uganda faces a financial crime crisis as cyber fraud, bank scams, and corporate fraud escalate, costing the economy over USD 272 million in 2024 and exposing vulnerabilities in digital security and financial systems.

Ugandans and businesses in 2024 lost USD272 mn in economic crimes; cybercrime, bank, and fraud double

Even though the number of financial and economic crimes rose mildly, by 1.6%, from 12,924 cases in 2023 to 13,132 cases in 2024, the severity and amount of money lost in these
February 25, 2025
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Patrick Oketa, Executive Director, Financial Sector Deepening Uganda (FSDU); Ms. Edith Namugga Tusuubira, Executive Director, Uganda Microfinance Regulatory Authority (UMRA); Pascal Mukisa, Head of CRB Services, in the Department of Non-Banking Financial Institutions, Bank of Uganda and Moses Ogwapus, Commissioner Financial Services, Ministry of Finance, Planning And Economic Development. They hailed the Mobile Credit Score as a transformative and ground-breaking development in the financial landscape of Uganda and a significant milestone in the journey towards financial inclusion.

STAKEHOLDERS: GnuGrid CRB and Airtel’s new Mobile Credit Scoring system to herald a new dawn in digital lending and financial inclusion

Public and private sector stakeholders as well as development partners, in Uganda’s financial services ecosystem, have welcomed GnuGrid CRB and Airtel Mobile Commerce’s Mobile Credit Score as a significant milestone in the
January 29, 2024
David Opio Obwangamoi, Founder & Executive Director, gnuGrid CRB (left) and Japhet Aritho, Managing Director, Airtel Mobile Commerce Uganda Limited (AMCUL) speak at the launch of the Mobile Credit Score.

GnuGrid CRB and Airtel Mobile Commerce Launch Uganda’s First-Ever Mobile Credit Scoring System

GnuGrid CRB, Uganda’s first and only indigenous credit reference bureau to be licensed by the Bank of Uganda and Airtel Mobile Commerce Uganda Limited, a provider of affordable and secure financial services
January 29, 2024
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