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 Â 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 …
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Banking & SavingsLatest NewsNewsOpinions
Agent Banking the game changer of Islamic Banking in UgandaÂ
The bridge between agency banking and Islamic banking could revolutionize the way banking services are delivered and consumed in Uganda. When Islamic banking was introduced in Uganda, it generated a …
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Banking & SavingsLatest NewsNewsPeople
Collin Babirukamu Joins the Bank of Uganda as Chief Information Officer
Collin Babirukamu has been appointed the Bank of Uganda‘s chief information officer (CIO). His digital transformation, cybersecurity, and financial technology leadership will shape Uganda’s financial sector. With a career spanning …
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Our money lenders are up in arms. They are not pleased that the government should see fit to impose an arbitrary monthly 2.8% maximum interest rate, making their business practically …