The World Bank has officially resumed funding to Uganda, ending a nearly two-year suspension that began in 2023. The decision marks a major turning point for Uganda’s economic outlook and …
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Banking & SavingsFinanceLatest NewsNews
Shareholder Commends PostBank for Being a Profitable Government Entity and Registering Ushs.35.4B PAT in 2024 Financials
PostBank Uganda, whose purpose is to foster prosperity for Ugandans, has today held its 2024 Annual General Meeting (AGM) at the Ministry of Finance, Planning and Economic Development (MoFPED) offices …
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Banking & SavingsFintechLatest NewsNewsTelecoms
The Rise of Digital Lending in Uganda: Opportunity or Overexposure?
Uganda has experienced a recent surge in digital lending platforms, marking a new era in access to financial services. Providers such as MTN’s MoKash, Airtel Wewole, ManguCash, DIGI Loans, and …
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Dr. Patricia Ojangole, Managing Director of Uganda Development Bank (UDB), has been named Banker of the Year at the prestigious African Banker Awards. Dr. Ojangole was announced at the 19th …
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Banking & SavingsEventsLatest NewsNews
Standard Chartered Uganda Hosts Investment Dialogue Event Focused on Cross-Border Trade as a Catalyst for 10X Growth Strategy
Standard Chartered Bank successfully hosted a high-level Uganda Investment Dialogue focused on Cross-Border trade as a catalyst for the 10X Growth Strategy. Held under the theme: “Cross-Border Trade – Connecting …
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Banking & SavingsNewsTaxation
Why Bank of Uganda has maintained CBR at 9.75% as inflation holds steady and growth remains resilient
The Bank of Uganda (BoU) has maintained the Central Bank Rate (CBR) at 9.75% following its May 2025 Monetary Policy Committee (MPC) meeting, citing stable inflation trends and resilient economic …
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Banking & SavingsEconomicsLatest NewsNews
Bank of Uganda holds key rate steady amid global uncertainty
The Bank of Uganda (BoU) has maintained the Central Bank Rate (CBR) at 9.75%, citing a balanced, but uncertain inflation outlook and global economic risks. Governor Michael Atingi-Ego announced the …
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Banking & SavingsLatest NewsNewsWomen
Empowering Ugandan women through Equity Bank’s Abakyala Ku Ntikko initiative
In Uganda, where nearly 40 percent of small and medium-sized enterprises are owned by women, financial independence remains a challenge. Women face unique obstacles juggling family responsibilities with business management, …
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Banking & SavingsLatest NewsNews
Court Orders Standard Chartered to pay sh50m in damages for failure to disburse a mortgage facility.
The Court ordered Standard Chartered to pay UGX 50,000,000 in damages for failure to disburse a mortgage facility despite the Plaintiffs having met all the requirements. The Court found that …
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Uganda’s banking sector has entered a new phase with the appointment of Michael Atingi-Ego as Governor of the Bank of Uganda (BoU) and Professor Augustus Nuwagaba as Deputy Governor. President …