Pearl Bank says “When You Grow, Uganda Prospers.” The more interesting question is whether the economics behind that promise can be seen and measured. Consider a maize farmer in Rakai. He has land, a crop to grow and potentially a…
Finance Trust is preparing for life after Annet Nakawunde Mulindwa. The bank announced on September 1 that its long-serving Managing Director will leave in November 2026 to take up a new international leadership opportunity, ending nearly 15 years at the…
Pearl Bank Uganda has a good problem on its hands. Wendi, the digital wallet launched by the then PostBank Uganda, is growing at a pace that makes it increasingly difficult to regard it as simply another payments product. Balances held…
Uganda’s US$500 billion economic ambition comes with a financial requirement that is almost as striking as the target itself, private-sector credit will have to rise from roughly Shs30 trillion today to more than Shs490 trillion by 2040. That means the…
For years, Uganda’s informal economy has operated largely outside the traditional banking system. Small traders, farmers, transport operators, artisans and entrepreneurs generate income every day, but many remain outside the kind of formal financial systems that banks have traditionally designed…
Salem Cheman‘s move from Uganda Breweries Limited to dfcu Bank is an interesting one, not least because of the experience he brings into his new role. Cheman has joined dfcu as Innovation, Go-to-Market and Commercialization Senior Manager, ending an eight-year…
Uganda’s ambition to transform its economy tenfold will require more than public spending and government programmes. It will require private capital to flow into businesses capable of driving productivity, jobs, exports and value addition. The latest results from Stanbic Uganda…
One year ago, one of Uganda’s leading homegrown commercial banks embarked on one of the most significant transformations in its history. The institution formerly known as Post Bank Uganda unveiled a new identity as Pearl Bank, signalling far more than…
For much of the past five years, one of the most consequential economic decisions in Uganda has not been made in Parliament or announced in a national budget. It has been made quietly inside bank boardrooms through a simple question:…
“SMEs account for over 70% of Uganda’s private sector activity, yet many continue to face challenges including limited access to finance, cash flow constraints, and the need for digital transformation. Through our new Business Banking proposition, we are providing businesses…
Across Uganda, a quiet shift is redefining the nature of work. Increasingly, people are earning livelihoods as freelancers, consultants, digital traders, content creators, software developers and independent service providers. Many operate without registered companies, formal payrolls or conventional business structures,…
By Publicist East Africa There are executives who master one industry. Then there are those who move from sector to sector, leaving each one measurably stronger than they found it. Mark Ocitti Ongom belongs firmly in the latter category. Effective…
NCBA Bank Uganda has reaffirmed its commitment to strengthening Uganda’s financial markets, positioning the sector as a critical enabler of the country’s economic transformation ambitions. The bank’s Global Markets Division participated in the ACI Financial Markets Authority (FMA) Uganda Dealers’…
When Barclays exited Africa and became Absa, many dismissed it as a corporate restructuring exercise. When Citigroup began retreating from consumer banking operations across multiple markets, it was viewed as part of a broader global strategy. Now Standard Chartered has…
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…