News, Stories, Events, & Trends that shape the Eastern African region
James Onyutta, the Managing Director of FINCA Uganda, recently shared his inspiring career and personal journey on Next Radio. With over 25 years in the financial sector and a wealth of experience working in different countries, Onyutta’s story is one of resilience, adaptability, and visionary leadership. Onyutta’s journey into the banking world began at Uganda
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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
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As Uganda’s economy grows and the middle class expands, the supermarket sector is experiencing a significant transformation. Global supermarket brands, such as Carrefour, are not only capitalizing on this economic upswing but also actively shaping consumer behaviors and preferences in the country. In his recent budget reading, Finance Minister Matia Kasaija highlighted that Uganda’s economic
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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
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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
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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
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Carrefour, which Majid Al Futtaim owns the exclusive rights to operate in Uganda, has announced a UGX 7 million sponsorship of the Kyambogo Ultra Challenge Run scheduled for the 4th of May starting at the Kyambogo University Cricket Oval. The sponsorship is in line with Carrefour’s commitment to the health and well-being of the communities
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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
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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
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In a remarkable display of international solidarity, Ugandan Carrefour employees have achieved a milestone in labor rights advocacy, thanks to the concerted efforts of UNI and the unwavering support of the FNV of the Netherlands. The culmination of the “Establishing Bridges, Growing Solidarity, and Strengthening Collective Bargaining” project in Entebbe, Uganda, from January 22nd to
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