Banking

Uganda’s Mobile Money Market Expected to Reach $467.7 Billion by 2028

IMARC Group, a renowned market research company, recently released a report titled "Uganda Mobile Money Market: Industry Trends, Share, Size,…

Banks Adjust Lending Practices Across Various Sectors

In recent findings, banks in Uganda have made adjustments to their lending practices across various sectors of the economy. The…

Ugandan Contractors to Receive Financial Boost of UGX 150 Billion from UDB

Uganda Development Bank (UDB) has revealed a new initiative that involves a financial commitment of UGX 150 billion. This initiative…

AfDB Launches $1 Billion Climate Insurance Facility to Aid African Farmers

The African Development Bank (AfDB) has introduced a new initiative known as the Africa Climate Risk Insurance Facility for Adaptation…

Bank Seeks Unpaid Loan Recovery from Directors Accused of Hiding Company Assets

Absa accuses two directors of Enjoy Uganda of hiding assets of the company, thus making it almost impossible for it…

Central Bank Dominates CEO’s Annual Golf Competition

In the annual Bankers Sports Golf Tournament held at Uganda Golf Club, Bank of Uganda's golfers emerged as the winners.…