Many analysts agree that the Ugandan economy in 2024 exhibited remarkable resilience, navigating a landscape fraught with global uncertainties and regional challenges. At the centre of this performance was Dr...
Imagine stepping into Africa’s booming financial sector with a community behind you, ready to help you connect, grow, and lead. Becoming a member of the Kigali International Financial Centre (KIFC)...
The financial profession is undergoing a seismic shift. The age-old notions of bookkeeping and audit trails have given way to a dynamic era where finance leaders are pivotal in shaping...
Western Union and Postbank Uganda have today launched international money transfers in the Wendi mobile wallet. The co-branded digital service will empower customers in Uganda to send and receive funds...
Ruth Ajuna is living proof of how determination and access to the right financial support can transform lives. A farmer and entrepreneur from Hoima District, Ruth has cultivated a thriving...
Many African tax authorities have weak capacity to raise revenue. From 1990 to 2020, sub-Saharan African countries on average collected only about 12%-15% of GDP as taxes, a much lower…
The report notes that the “decrease in loan applications is an indication of the lingering effects of the global tight monetary policy implemented since June 2022 that has led elevated lending rates.”
In a bid to equip the financial sector with practical knowledge on ethical framework and conduct in daily operations, Absa Bank Uganda has conducted a one-day training for sector compliance…
Pan African fintech, Chipper Cash, has just hit a major milestone. They have issued over one million Chipper Cash virtual cards to people not only in Africa but also beyond….
In 2022, Uganda received USD 1.3bn in remittances from its diaspora community according to a World Bank and KNOMAD report. This would account for about 4.5% of Uganda’s GDP and…
The East African Venture Capital Association (EVCA), a body that represents private capital providers including development finance institutions (DFIs), private equity and venture capital funds, family offices and impact investors…
Kenyan fintech powerhouse, Lipa Later Group, has successfully raised $5 million in a private debt issuance, marking a significant milestone in its financial journey. However, the company’s ambitious expansion plans…
At just 26 years, Matthew Mukalere, a Ugandan by descent, is working at BlackRock, one of the world’s largest asset managers with USD 8.6 trillion in assets under management. But…
Housing Finance Bank has joined hands with Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH and other partners to support efforts towards building smart cities in Uganda. Last week, the bank…
The Ugandan Shilling was relatively stable with flows from commodity Exeter’s and offshore investors lending support. The unit held in a narrow range of 2715/25. In the neighbouring Kenya market,…
