For many Ugandans, retirement is something planned for years away. But for workers approaching the end of their careers, the question is becoming more immediate: will the money saved over decades be enough to maintain a decent standard of living…
When PostBank Uganda became Pearl Bank, the challenge extended beyond introducing a new name and visual identity. The bank had to ensure customers understood what the change meant for their accounts, deposits, loans and everyday banking services, while maintaining confidence…
When a business grows, the change is rarely confined to its owner. A new machine can increase production, an additional branch can create jobs, a larger contract can bring more suppliers into a value chain, and access to working capital…
Uganda’s economic growth is creating opportunities beyond Kampala, with regional cities such as Arua, Gulu and Lira supporting growing populations, businesses and demand for financial services. The opportunity for banks is to ensure that businesses in these markets can access…
Uganda cannot determine the international price of oil or the value of the US dollar, but it can reduce the avoidable costs that turn currency depreciation into more expensive fuel, transport and household goods. The Bank of Uganda’s emergency measures…
Take a shop owner in Owino. Four times a month she withdraws Shs500,000 from her wallet to pay suppliers who only accept cash. Each withdrawal costs her a Shs7,000 agent fee, Shs2,500 in excise duty on the amount, and another…
The Bank of Uganda did not wait for its next scheduled meeting. At a special Monetary Policy Committee sitting on Wednesday, the central bank raised the Central Bank Rate (CBR) by 225 basis points, from 9.75% to 12%. The benchmark…
Education stakeholders urge school proprietors to strengthen financial management, professional leadership and succession planning to secure the future of their institutions. A school’s success is often measured by its academic performance, enrollment and infrastructure. But for retired Commissioner for Secondary…
Uganda’s Treasury market is offering investors less income on new securities than it did a few months ago, even as demand for government debt remains strong. In August, the yield on the 364-day Treasury bill fell to 11% from 11.5%…
A litre of petrol can cost markedly different amounts on either side of an East African border, even though all three countries depend heavily on imported fuel. In late September, a litre of petrol in Uganda was trading at about…
Anne Juuko knows what it means to take over a bank at an awkward time. In March 2020, she became Chief Executive of Stanbic Bank Uganda. Within weeks, Uganda was in lockdown, businesses were struggling and banks were restructuring loans…
A Shs42.6 billion dividend payment from Airtel Uganda has added to the income generated by the National Social Security Fund (NSSF), highlighting how the retirement fund is using workers’ savings to acquire stakes in businesses across Uganda’s economy. The payment,…
Uganda’s ambition to build a US$500 billion economy by 2040 will depend partly on how effectively it converts its mineral wealth into productive businesses. Yet, beyond the minerals beneath the ground lies another resource with significant economic potential: an estimated…
Uganda plans to raise about Shs12.7 trillion in net domestic financing in FY2026 For businesses, the important question is what that borrowing will do to the cost and availability of credit. The Bank of Uganda says the domestic financial market…
Uganda’s National Social Security Fund has delivered its biggest return in four decades, but the record payout also highlights a much larger question: how many Ugandans are saving consistently enough to benefit from long-term investment? For the financial year ended…