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…
Stanbic Bank Uganda and PostBank Uganda Limited (soon to be Pearl Bank Uganda) have announced a strategic partnership to link their respective mobile wallet platforms, FlexiPay and Wendi Wallet, a significant move that signals a new direction for Uganda’s financial services…
FINCA Uganda has secured a major strategic advantage with the appointment of Mr. Alfred Brian Agaba as a new Director. This move is not just an addition to the board; it represents a deliberate step to inject high-level, international expertise…
In a significant move to promote financial inclusion and drive Uganda towards a cashless economy, Housing Finance Bank (HFB) has partnered with Pesapal Uganda. This groundbreaking partnership aims to improve payment solutions, enhance operational efficiency, and create a stronger financial…
Uganda’s financial ecosystem is at a turning point. MTN MoMo and Airtel Money, two of the country’s largest mobile money providers—are locked in a high-stakes battle for digital payment dominance. Both companies have recently launched new payment solutions, promising to…
In a groundbreaking move, Diamond Trust Bank (DTB) has announced a strategic partnership with MTN Uganda, endorsing the newly launched MTN MOMO Virtual Card as a game-changer in business operations in Uganda. This innovative partnership is set to transform the…
Small and Medium Enterprises (SMEs) form the backbone of Africa’s economy, driving employment, innovation, and economic transformation. However, their growth is often hindered by financial constraints, limited access to markets, and operational inefficiencies. The latest Mastercard SME Confidence Index 2025…
Following his recent confirmation as the Governor of the Bank of Uganda, Dr. Michael Atingi-Ego steps into one of the most influential economic roles in the country at a time when Uganda’s monetary policy is under heightened scrutiny. His appointment…
Dr. Fabian Kasi, the Managing Director of Centenary Bank, has revealed that the bank has invested over Shs200 billion in Ugandan startups since in the past few years. This significant investment has benefited over 5,000 enterprises, providing them with crucial…
Ugandans are known for their resilience, warmth, and entrepreneurial spirit—qualities that define the Pearl of Africa and its people. It is this deep understanding of Uganda’s dynamic and youthful population that has propelled Sylvia Mulinge, CEO of MTN Uganda, to…
American international money transfer company Mastercard has taken a significant step in expanding Uganda’s digital finance landscape by opening its first-ever office in Kampala. This milestone marks a new phase in Mastercard’s commitment to fostering financial inclusion and accelerating digital…
Sarah Arapta, CEO of Citi Bank Speaking at the recent Women’s Economic Empowerment Forum (#WEEForum2024) in Kampala Women constitute over half of Uganda’s population and represent a powerful, yet underutilized economic force. With more than 18.2 million young women under…
In a landmark move set to revolutionize women’s entrepreneurship in Uganda, the World Bank, through the Private Sector Foundation Uganda (PSFU), has announced an unprecedented grant of USD217 million (over Shs807 billion). This transformative initiative aims to provide women entrepreneurs…
FINCA Uganda has announced an expansion of its services to tackle poverty and promote financial inclusion, introducing new initiatives to support small entrepreneurs and cooperatives. The new services – financial education, technical assistance, and employment diversification – complement existing microfinance…