Tag Archives: Banking

  A new Bank of Uganda policy seeks to push businesses and individuals towards electronic payments, but the transition will test the country’s digital infrastructure and financial readiness   Kampala, Uganda | JULIUS BUSINGE | Bank of Uganda’s move to cap over-the-counter withdrawals marks a major shift in how businesses …

  Kampala, Uganda | URN | The effects of the conflicts in the Middle East and Eastern Europe have dominated the 29th Ordinary Meeting of the Monetary Affairs Committee of the East African Community, which just ended in Uganda. All seven governors of the central banks (minus DRC) decried the …

  Kampala, Uganda | THE INDEPENDENT | As Uganda’s Pearl Bank marks a year since rebranding, officials are confident that their new identity reflects the bank’s transformation into a digitally progressive, inclusive, and nationally grounded financial institution. “The rebranding also signifies the bank’s readiness to embrace the future with confidence, ensuring …

  Besides gold being a long-term store of value, the precious metal has been found to provide protection against financial sanctions imposed by Western governments   COMMENT | LUKE HARTIGAN | Over the past few years, central banks have been quietly buying up significant quantities of gold. As the trend has …

  Kampala, Uganda | NEWS CORRESPONDENT | Uganda’s ambition to accelerate economic growth and unlock private sector potential will depend on how quickly stakeholders align policy, capital and partnerships into coordinated, action-driven outcomes, dfcu Bank has said. The call was made during the Foreign Chambers Policy Summit in Kampala, where …

  African banks are sustaining some of the highest returns in global finance as rising profitability spreads across major markets. The gains reflect deeper financial penetration but increasingly point to a system that must now convert earnings strength into long-term efficiency, digital scale, and broader credit access.   SPECIAL REPORT …

Thousands attend “dfcu Humanity Day” Community Health Camp in Busoga Jinja, Uganda | NEWS CORRESPONDENT | Thousands trekked to Walukuba West Gardens in Jinja City May 14th as dfcu Bank commemorated 62 years with a renewed commitment to “transforming lives and businesses in Uganda”. The bank hosted a large-scale Great Community Health Camp …

  African central banks are increasingly linking domestic gold refining to reserve management as countries move to retain more value from minerals. The shift reflects a broader effort to diversify away from foreign currency assets while strengthening local supply chains.   SPECIAL REPORT | BIRD AGENCY | Uganda’s foreign exchange …

  Uganda’s insurance boom is failing to reach the majority   Kampala, Uganda | JULIUS BUSINGE | Uganda’s insurance industry is being forced to confront an uncomfortable truth: it is growing, but it is not yet protecting most Ugandans. That was the central message at the 4th Annual Insurance Agents …

Kampala, Uganda | THE INDEPENDENT | Uganda’s financial sector is positioning itself for a structural shift toward sustainability-driven finance, with aBi Finance and its partners launching two initiatives that could reshape how banks and microfinance institutions measure risk, attract capital, and compete in a tightening global regulatory environment. Unveiled at Four Points …