Tumubweine speaking about regulation of innovation The Executive Director, National Payments at the Bank of Uganda has called on regulators to go slow in their regulatory mandate especially on technology, to enable space for progress. Twinemanzi said strict regulation of any sector slows down progress and can end up being
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Stakeholders engage in the dfcu NGO forum held at Sheraton Hotel dfcu Bank, one of Uganda’s leading financial institutions, has today hosted its annual NGO Forum at the Sheraton Hotel. Held under the theme "Adapting to Reduced Donor Funding: Strategies for NGOs to Sustain Local Impact and Relevance," the forum brought
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President Museveni together with Chief Justices from the Southern and Eastern Africa Chief Justices Forum in Kampala. The government is in the process of enacting a law to stem exploitative money lending practices in Uganda, president Yoweri Kaguta Museveni has revealed. Speaking at the 8th Annual Conference of the Southern and
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Michael K. Mugabi, Managing Director of Housing Finance Bank Housing Finance Bank has emerged as a standout winner at the World Economic Magazine Awards 2024, receiving two prestigious accolades: Best Mortgage Loan Bank Uganda 2024 and Best Customer Service Bank Uganda 2024. The World Economic Magazine Inc. Awards aim to
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Officials from PostBank and MTN Mobile Money in a group photo at the launch of XtraCash PostBank Uganda (PBU) in partnership with MTN Mobile Money (U) Limited (MTN MoMo) have launched Xtracash, a digital Micro Lending solution that is positioned to extend short term facilities to MTN mobile money subscribers. This
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Commercial banks’ weighted average lending rates for Shilling-denominated credit increased marginally from 17.64% in June 2024 to 17.76% in July 2024, Finance Ministry has reveled in its Performance of the Economy Monthly Report for August 2024. Similarly, foreign currency-denominated credit rates increased from 9.23% in June 2024 to 9.62% in
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Pebuu CEO, Ssemyalo John Paul during one of the trainings held at the Pebuu hub to equip field agents with monitoring skills Pebuu, one of the leading technology firms in Uganda, has expanded its service network to more than 320 locations nationwide. By harnessing cutting-edge technology, Pebuu offers real-time tracking and geo-mapping solutions that ensure the
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William Kayongo, Head – Enterprise Banking, dfcu Bank In a significant step toward transforming Uganda’s business landscape, dfcu Bank has launched a new lending campaign aimed at empowering small and medium enterprises (SMEs) across the country. With over 60 years of heritage as a development finance institution, dfcu has been a driving
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Housing Finance Bank's recycler ATM machine It’s a late Friday night, dark and lonely. You pace around, soliciting a cash bailout from your friends and anyone else, hoping to buy Yaka units, but all in vain. The thought of banking halls being closed makes you even sadder, and you panic,
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dfcu Bank’s Executive Director and Chief Financial Officer dfcu Bank has announced its role as an implementing partner for the Government of Uganda’s GROW Project, a new initiative dedicated to supporting women entrepreneurs in scaling their businesses, sustaining self-employment, and creating more jobs across the country. This launch further solidifies dfcu Bank’s
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