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…
The Bank of Uganda (BoU) has today officially launched its E-Supervision (SupTech) Project, a landmark initiative set to modernise and transform the supervision of the country’s financial sector. This new regulatory technology (RegTech) system, unveiled by the Central Bank Governor,…
The Ugandan delegation at the Summit included, besides Prof. Nuwagaba, Hon. Ruth Nankabirwa, the Minister of Energy and Mineral Development, Dr. Sudhir Ruperelia, the Chairman of Ruparelia Group of Companies, among others. Speaking on the Bank’s role in driving financial…
Over the past 14 months, the Ugandan shilling has shown remarkable strength, appreciating steadily against the US dollar. In a televised address today, Bank of Uganda (BoU) Governor Michael Atingi-Ego clarified the central bank’s role, asserting that this appreciation is…
The Bank of Uganda (BoU), under the leadership of Governor Dr. Michael Atingi-Ego, early this week participated in the Treasurers and Insurance Roundtable held in Washington, D.C., USA a pivotal global convening that brought together leading practitioners from the humanitarian…
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…
The Bank of Uganda (BOU) has unveiled its Strategic Plan 2022-2027, aimed at promoting macroeconomic stability, financial sector development, and sustainable, people-centred growth. According to Prof. Augustus Nuwagaba, the Deputy Governor of BOU, the Bank’s role goes beyond monetary policy…
Uganda has been named among the fastest-growing economies in Africa by the African Development Bank Group (AfDB). According to the latest statistics from AfDB, with a growth rate of 7.2%, Uganda is ranked third on the continent, driven by the…
In a significant move to combat money laundering and streamline the flow of foreign currency in Uganda, the Bank of Uganda (BoU), under the leadership of Governor Michael Atingi-Ego, has announced the rollout of a new remittance form for commercial…
By Our Staff Writer As Uganda’s economy continues to digitize and diversify, the financial sector has seen an impressive transformation, particularly within the forex bureau and money remittance subsector. According to the Bank of Uganda, this subsector processed over Shs17.82…
After a successful tenure as Chief Executive Officer of Absa Bank, Mumba Kenneth Kalifungwa has bid farewell to the institution, paving the way for his new role as CEO of Stanbic Bank Uganda. Kalifungwa’s leadership at Absa Bank was marked…
