As Africa’s economies navigate intensifying global uncertainty, accelerating digital disruption, climate-linked financial pressures, and shifting geopolitical trade dynamics, central banks across East Africa are quietly moving toward deeper coordination. While still informal and evolving, this trajectory signals the early formation…
The transition in leadership at the Uganda Bankers Association comes at a pivotal moment for Uganda’s financial sector, defined by accelerating digital disruption, tightening macroeconomic conditions, rising credit risks, expanding regional integration, and the rapid emergence of artificial intelligence as…
Rwanda’s recent decision to formally regulate cryptocurrencies and virtual assets mayprove to be one of the most significant digital finance policy shifts East Africa hasseen in years. For a region long defined by caution, warnings, and regulatory uncertainty aroundcrypto-assets, Kigali’s…
For years, Centenary Bank stood almost alone as Uganda’s defining indigenous banking success story. It proved that a Ugandan-rooted financial institution could scale nationally, compete with multinational players, penetrate rural communities, mobilize grassroots savings, and earn the trust of millions.…
For years, Uganda’s banking industry has largely been defined by foreign-owned institutions, legacy perceptions, and an urban-centred approach to growth. Yet quietly, and perhaps more strategically than many realise, a different kind of story is beginning to emerge. The transition…
For years, Uganda’s banking sector has carried a familiar contradiction: strong profits, expanding balance sheets, rapid digital adoption, and rising deposits, alongside a quieter and more persistent limitation in its economic footprint. Banks have scaled. Financial systems have deepened. Transactions…
The banking sector in Uganda remains robust and highly resilient despite prevailing global economic volatility, according to Mr. Michael Atingi-Ego, Governor of the Bank of Uganda (BoU). Following an engagement this week with the Uganda Bankers’ Association (UBA), the Governor…
The Uganda Development Bank (UDB), the nation’s premier development finance institution, has launched its new regional office in Hoima City, marking a strategic expansion aimed at deepening financial inclusion, fueling economic growth, and channeling critical investment into the agricultural sector.…
African nations can unlock the full value of AfCFTA and empower traders, especially small businesses, to participate in cross-border commerce with confidence As global trade dynamics shift and economic gravity increasingly tilts toward the Global South, Africa stands at a…
Dr Ould Tah thanked President Hichilema and the Zambian people for hosting the ADF-17 replenishment meeting, a key milestone in mobilising concessional resources for Africa’s most vulnerable countries Zambia has voiced strong backing for African Development Bank Group President Dr…
The financing will provide urgent assistance to communities severely affected by floods and landslides in the Bulambuli, Kasese and Ntoroko districts, including the provision of family-size tents The Board of Directors of the African Development Bank Group has approved a…
Let’s be honest, the conversation around cryptocurrency in Uganda has often felt like watching a high-stakes thriller. We see the glittering promise, a future of instant cross-border payments, financial inclusion for the unbanked, and a ticket to the global digital…
After eight years of transformative leadership, Daniel Ogong, the Head of Marketing and Communication at Stanbic Bank Uganda, is stepping down from his role. His departure, effective October 1, 2025, marks the end of an era that saw Stanbic’s brand…
This strategic investment will strengthen TCX’s capital base, enhance its risk-bearing capacity, and expand its ability to offer hedging instruments in illiquid and less liquid currencies across the African continent The Board of Directors of the African Development Bank Group…
ACF2025 builds on Afreximbank’s leadership in trade-related compliance and its investment in AI-powered platforms that streamline client onboarding, enable real-time risk monitoring, and ensure secure transaction processing Artificial Intelligence (AI) is reshaping trade in Africa – curbing illicit financial flows,…