On December 17, 2025, Uganda took a quiet yet transformative step in its financial evolution with the launch of the Okusevinga Money Market Unit Trust Scheme Pilot. While the announcement was subtle, its implications are monumental. Conceptualised over several years…
MTN Uganda anticipates closing the financial year with good results in line with market guidance, driven by increased data consumption, sustained growth in mobile money services, and ongoing investment in network expansion, according to Chief Financial Officer Andrew Bugembe. Mr.…
The leadership team from MTN Mobile Money Uganda (MTN MoMo), headed by the CEO Richard Yego, conducted a high-level courtesy visit with the Governor of the Bank of Uganda (BoU), Dr. Michael Atingi-Ego, on Friday. The strategic engagement focused on strengthening…
The regulatory landscape for Savings and Credit Cooperative Organisations (SACCOs) in Uganda is undergoing a significant transformation. The Bank of Uganda (BoU) has initiated a decisive move to issue licenses to large SACCOs under the Microfinance Deposit Taking Institutions (Registered…
The participation of the Governor of the Bank of Uganda (BoU), Mr. Michael Atingi-Ego, at the prestigious 49th Annual Central Banking Seminar, hosted by the Federal Reserve Bank of New York (NY Fed) this week, is a significant validation of…
The Bank of Uganda on Wednesday, September 3, 2025, hosted board members from both MTN MoMo and MTN Fintech for a strategic meeting, which was chaired by the BoU Governor, Mr. Michael Atingi-Ego, flanked by Dr. Tumubweinee Twinemanzi, the Executive…
The Uganda Development Bank (UDB), which is headed by Dr. Patricia Ojangole as Managing Director, has for decades been a cornerstone of the Ugandan government’s economic development agenda, but questions remain about its effectiveness in addressing key national bottlenecks. Ojangole,…
For too long, a common perception has held back millions of Ugandans from securing their financial futures: that investing is a privilege reserved for the wealthy or a complex world only for experts. This belief, however, is a myth that…
The 8th Annual Uganda Bankers Conference 2025 concluded on Tuesday with a powerful summation from Kenneth Mumba Kalifungwa, the Chief Executive Officer of Stanbic Bank Uganda, who underscored the pivotal role of remittances, financial technology (FinTech), and sustained collaboration in…
In a move signalling a strong commitment to its most valuable asset, its people, dfcu Bank has announced the strategic appointment of Marsha Nyonyozi Walusimbi as its new Chief of People and Culture Transformation. This key leadership role underscores dfcu…
In a significant development for Uganda’s growing fintech landscape, the Bank of Uganda (BoU) has formally approved the appointment of Doreen Rutazaana as a Director to the Board of Directors of Micropay (U) Limited. This regulatory green light, following an…
Uganda’s ambitious ‘Tenfold Growth Strategy’ received a huge boost after the government announced the release of the first tranche of Shs170 billion from the World Bank, earmarked to revolutionise the country’s manufacturing and export value chains through the newly operationalised INVITE…
Stanbic Bank Uganda under the leadership of its able Chief Executive Officer (CEO), Kenneth Mumba, has invested at least Shs1 trillion in various initiatives in a bid to drive Uganda’s socio-economic transformation, mirroring the government’s efforts to fight poverty in…
PostBank Uganda’s attainment of Tier One status is a significant milestone that reflects the bank’s strong performance and commitment to serving its customers. This achievement not only demonstrates the bank’s financial stability but also enhances its competitiveness in the market.…
Pride Bank, under the stewardship of Edward Nkangi, the Executive Director, over the weekend held a stakeholder dinner to mark a significant achievement in its journey, celebrating its transformation from a Tier III microfinance institution to a Tier II credit…