On the streets of Kampala, entrepreneurship is everywhere. A university graduate sells electronics. A young lady opens up a shop in Kikuubo with little money, but a lot of determination. …
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BusinessInsuranceLatest NewsLegalNews
New IRA Chief Takes Over as Former CEO Fights Exit in Court Amid Pressure to Raise Insurance Penetration Above 1%
Uganda’s Insurance Regulatory Authority (IRA) is entering a period of legal and leadership uncertainty following a court appeal by former Chief Executive Officer Alhaji Ibrahim Kaddunabbi Lubega, who is challenging …
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BusinessFinanceLatest NewsTelecoms
Why 22 Million Ugandan Mobile Money Accounts Suddenly Went Dark This Year
For years, Uganda’s mobile money revolution has been celebrated as one of Africa’s greatest financial inclusion success stories. From bustling city centers to remote rural trading hubs, mobile wallets have …
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Banking & SavingsFinanceFintechLatest NewsTechnology
Centenary Bank Partners with Huawei in AI Drive to Break Rural Banking Barriers in Uganda
For decades, rural banking in Uganda has faced the same stubborn barriers: limited branch access, slow loan approvals, high operating costs, and millions of people excluded from formal financial services …
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BusinessEconomicsFinanceLatest NewsLegalNational NewsNewsTaxation
Can Uganda Grow Tax Revenue by Reducing Mobile Money Taxes?
On April 14, 2026, a significant shift in Uganda’s fiscal debate unfolded in Parliament as telecom operators and policymakers confronted the future of mobile money taxation. Appearing before the Finance …
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Uganda Development Bank (UDB), the country’s Development Finance Institution (DFI), has officially launched a regional office in Hoima City to better serve the mid-western region of Uganda and the Albertine …
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BusinessEconomicsFinanceLatest NewsNews
MSC GIVES FORMER SEX WORKERS FUNDS TO START DECENT BUSINESSES
Government, through the Microfinance Support Centre (MSC), has extended financial support worth Sh40 million to groups of former sex workers in Mbale City in an effort to help them start …
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Banking & SavingsEconomicsFinanceNews
Karamoja Local Leaders Laud Stanbic Bank’s Inclusion Agenda for Women, Youth, and Farmers
Local leaders in the Karamoja sub-region have commended Stanbic Bank Uganda for its ongoing investment and inclusive banking agenda, which continues to empower women, youth, and farmers through affordable credit, …
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Uganda continues to face significant income inequality, as highlighted by the 2023 Finscope Survey. The findings provide a clear snapshot of the country’s economic disparities, revealing the income distribution among …
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Recent data from the 2023 Finscope survey indicates a significant shift in how Ugandans manage their finances. The proportion of individuals actively tracking their income and expenses has increased by …