Uganda financial sector risks

Photo shows KCB Bank Uganda Managing Director Edgar Byamah (right) with Acting Head of IT Willies Ochola. The two executives are leading efforts to strengthen IT oversight, restore customer confidence, and address the UGX 3.2 billion agent banking fraud breach. The incident highlights insider fraud risks, cybercrime threats, and vulnerabilities in Uganda’s fast-growing banking sector, as reported by CEO East Africa Magazine and Uganda Business News. — KCB Bank Uganda Managing Director, Edgar Byamah (right), with Acting Head of IT, Willies Ochola. The two are at the center of efforts to restore confidence after the UGX 3.2 billion agent banking breach.

Inside the KCB Bank Uganda Agency Banking System Breach: This Is What We Know So Far

Following a brazen system breach that manipulated the agency banking platform to leading it to make double transactions to bank agents requesting float, CEO East Africa Magazine understands the system has since

September 25, 2025

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