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“microfinance”
BoU limits daily cash withdrawals for individuals to Shs50m
Twinemanzi Tumubweine, Bank of Uganda Executive Director of National Payment Systems.Overview:The new measures, which take effect on January 1, 2027, are expected to resh...
Journalist ordered to pay Shs 60m for defaming Letshego CEO
The High court has ordered journalist, Henry Lubulwa, to pay Shs 60 million in damages for defaming Letshego Uganda Limited and its chief executive officer, Germany Giles...
Nankabirwa Appeals to Museveni for Cabinet Retention in Seventh Term
Energy Minister Ruth Nankabirwa has publicly appealed to President Yoweri Museveni to retain her in Cabinet, saying she has served the NRM government loyally and diligent...
Why Ugandans turned to mobile money loans and borrowed Shs2.75 trillion in 2025
Mobile money has become one of the biggest sources of borrowing in Uganda, with millions of people now relying on their phones for quick loans instead of traditional bank...
Inside Centenary Bank’s Executive Reset: Why the Board Brought in Michael Opira as the Second Executive Director
Centenary Bank’s top leadership (L–R): Chairman Gustavo Bwoch, Managing Director Fabian Kasi, Executive Director, Business Joseph Balikuddembe, and Executive Director...
Teachers stuck in debt trap
Today’s economic hardship is real, with many Ugandans, especially teachers, feeling the pinch. The burden of debt is palpable, and it is affecting the quality of educat...
Emyooga SACCO Leaders Urged to Improve Performance in Rukungiri
Ms. Jackie Namutebi, an official from the Microfinance Support Centre, has challenged leaders of Emyooga SACCOs to focus on improving their SACCOs in order to achieve the...
Centenary Bank, Office of the Supreme Mufti Partner to Scale up Financial Inclusion
Centenary Bank, the leading microfinance bank in the country and the Office of the Supreme Mufti (OSM) partnered to roll out the OSM Digital Payments Platform, a transfor...
Court Orders MP To Pay Nearly UGX 5 Billion in Loan Default Case
The Commercial Division of the High Court has ordered Jie County MP, Lokii Peter Abrahams, to pay businessman and money lender Amit Jain nearly 5 billion Shillings for fa...