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Housing Finance Bank Partners with Government of Uganda to Revolutionize Agricultural Financing in Pursuit of Regional Food Security

December 27, 2024December 27, 2024 admin

As agriculture and food security take center stage in Uganda’s national discourse, the Housing Finance Bank (HFB) is pleased to announce the signing of a transformative Memorandum of Understanding (MoU) with the Government of Uganda. This partnership will enable HFB to finance large-scale commercial farming initiatives aligned with government programs that are crucial to the

How the Internet Has Transformed Life in Uganda

December 23, 2024January 10, 2025 admin

In recent years, the Internet has become an integral part of life for many Ugandans, especially those in urban areas. While access remains limited in some rural regions, the internet has sparked significant improvements in education, business, healthcare, and communication. The demand for fast, reliable, and affordable internet has surged, particularly in cities like Kampala,

Blue Crane Communications (BCC) goes beyond providing internet services,offering Electrical, Mechanical, and energy solutions in Uganda.

December 9, 2024December 9, 2024 admin

As one of the fastest-growing tech companies in Uganda, BCC has expanded its scope into the mechanical & electrical, and automation sectors, cementing its reputation as a leader in systems integration. Robert Muramuzi, Head of the Mechanical & Electrical department, stated that, in addition to its competitive connectivity services, the company has enhanced its offerings

Financial Inclusion for Women: How FINCA Uganda is Shaping Rural Economies

November 28, 2024 admin

In rural Uganda, financial independence remains a distant dream for many women. They face significant barriers such as limited access to financial services, low financial literacy, and societal structures that often prioritize men’s economic activities. Yet, when women are empowered with the right tools and resources, their potential to contribute to economic growth becomes limitless.

Housing Finance Bank Shines with two accolades at the Prestigious Global Brand Awards 2024 in the UK

November 22, 2024 admin

Kampala, Uganda – 14th November 2024. Behind every award lies a story of perseverance, passion, and triumph. Today, Housing Finance Bank celebrates winning two prestigious awards at the Global Brand Awards 2024: Most Sustainable Financial Service Provider 2024 and Best Banking CEO in Uganda 2024. The Global Brand Awards, now in their 12th edition, were

How Uganda’s EFRIS Tax Reforms Disrupted Retail Loyalty Programs

May 14, 2024June 5, 2024 admin

The battle for customer loyalty in Uganda has taken a significant and unexpected turn. Traditionally, loyalty programs have been a crucial tool for retailers worldwide, fostering customer retention and driving sales. However, a surprising shift is unfolding in Uganda. Major retail chains such as Capital Shoppers and Quality Supermarket have suspended their loyalty programs, with

FINCA broadens approach to ending poverty in Uganda

May 7, 2024May 14, 2024 admin

As the global FINCA network celebrates 40 years of tackling poverty through financial inclusion, FINCA Uganda has intensified its efforts to improve the lives of small entrepreneurs and cooperatives by offering a variety of support services that keep them on track towards self-reliance. FINCA Uganda’s microfinance services are complemented by financial education, technical assistance and

Housing Finance Bank Reports 11.3% Growth in Net Profits Driven by Digital Transformation and Revenue Diversification Efforts.

April 30, 2024 admin

Housing Finance Bank has announced a profit after tax of Ushs 65.1 billion for the financial year ended December 31, 2023. The Bank attributed the 11.3% year-on-year growth in net profits to digital transformation and revenue diversification efforts. In the period under review, Housing Finance Bank also demonstrated significant growth in other key parameters, with

Common Card Payments Myths and Misconceptions by Ugandans Debunked

March 1, 2024March 4, 2024 admin

The landscape of financial payments in Uganda is rapidly evolving as consumers increasingly prioritize convenience and speed in their payment methods. The surge in demand for digital payment services reflects this trend, with mobile money transactions experiencing a notable 7.7 percent increase in volume and a 2.9 percent uptick in value, soaring to UGX 62.2 trillion

Why More Ugandans Should Switch to Card Payments - Visa

Why More Ugandans Should Embrace Card Payments

February 7, 2024February 13, 2024 admin

Uganda’s digital payments landscape is undergoing a transformative shift, accelerated by the COVID-19 pandemic and evolving consumer preferences prioritizing convenience, speed, and security. While mobile money has seen widespread adoption, card payments have faced challenges, including merchant surcharges at point-of-sale terminals and limited awareness regarding the advantages of card transactions. The introduction of the “Sasuza