President Yoweri Kaguta Museveni has pledged to inject Shs1 billion into each mechanics’ Savings and Credit Cooperative Organisation (SACCO) operating within Kampala, in a move aimed at strengthening the informal automotive sector and improving access to affordable financing.The commitme
A customer receives a step-by-step guide on using the Wendi mobile wallet, empowering them to seamlessly send and receive international money transfersKAMPALA, Uganda — Commercial banks and financial institutions in Uganda approved 1.93 trillion shillings in new credit during October, wi
Whether you’re facing unexpected expenses, need to pay school fees, or want to grab a timely opportunity, Equity Bank Uganda’s salary loans are designed to support your financial goals quickly and conveniently.Here’s a complete guide on how to apply, what you’ll need, and how to ma
When Gen. Caleb Akandwanaho (Rtd) Salim Saleh presented his long, detailed analysis of Uganda’s economy and structured recommendations for improvement in the form of the Third National Development Plan (NDPIII) to President Museveni, he laid out the kinds of problems that many Ugandans feel eve
With funding (Shs850bn) from World Bank, the GoU is continuing to use the PSFU-implemented GROW project to avail low-cost loans (at just 10% interest per annum) to hundreds of female entrepreneurs to enable them sustain, grow, expand and diversify their businesses while breaking into areas that h
In Uganda’s complex political landscape, Dr. Kiiza Besigye stands as a figure of relentless defiance, his life etched with the “wrinkles of struggle” against a government that has increasingly tightened its grip on power.From medical doctor to opposition leader, Besigye’s journey r
Uganda Launches Okusevinga: First Government-Owned Unit Trust SchemeThe Bank of Uganda (BoU), in collaboration with the Ministry of Finance, Planning and Economic Development (MoFPED), has launched the pilot phase of Project Okusevinga, Africa’s first government-owned unit trust scheme.
Belgium’s objections, Russian legal threats and unresolved liability questions forced the EU to drop the reparations-loan proposal and approve fresh borrowing for Ukraine.Denmark's Prime Minister Mette Frederiksen, European Council President Antonio Costa and European Commission Presiden
Uganda National Oil Co. signs a $2 billion loan with Vitol Bahrain to fund major infrastructure, including a new fuel pipeline and storage terminals.KAMPALA — Uganda’s state-owned oil company has signed a $2bn (£1.5bn) deal to fund major infrastructure projects designed to turn the co
Uganda's mobile money sector is taking major steps to prevent loan defaults and restore trust in digital lending. For years, some borrowers who defaulted on digital loans exploited loopholes by switching networks or SIM cards, making it difficult for lenders to recover funds. Under the previous s
