News, Stories, Events, & Trends that shape the Eastern African region
A seven-member business group in Ayilo 1 Refugee Settlement has avoided a potential financial collapse thanks to timely intervention from FINCA Uganda’s Small Managed Group (SMG) Reserve Fund. The Anyawi Amami Business Group, made up of members from both the refugee and host communities in Pakele Subcounty, faced a repayment challenge after one member unexpectedly
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The African Energy Chamber (AEC) has endorsed the upcoming Africa CEO Forum in Kigali, describing the May 2026 event as a strategic platform for driving investment, partnerships and policy dialogue across the continent. The forum, scheduled for May 14–15 in Kigali, is expected to attract about 2,800 chief executives, heads of state, ministers and business
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Bank of Africa Uganda has unveiled its new Quick Fix loan, a salary-based facility that lets customers access up to five times their monthly salary at a competitive interest rate of 14.5 percent, because now, with BOA Quick Fix, you can do 5X Mo. This product gives Ugandans faster, more convenient access to funds, reinforcing
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In Northern Uganda, entrepreneurship is often a story of resilience and determination, rising above limited capital, fluctuating markets, and long distances from financial institutions. For many business owners, progress depends not only on hard work but also on finding a lender willing to walk the journey with them. Recent Customer Open Forum sessions across FINCA
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Many households in Uganda are finding new ways to manage limited income in the face of rising costs. Whether it is a teacher, a boda boda rider, a market vendor, a bank teller, a cleaner, or a student, the daily routine involves careful decision making on how to stretch small amounts of money to meet
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Agriculture remains the backbone of Uganda’s economy—employing 64% of the population and contributing up to 50% of the country’s exports. Yet, for many smallholder farmers, accessing affordable credit remains a persistent challenge. Traditional financial institutions often require collateral that rural farmers simply don’t have, limiting their ability to invest in and expand their operations.FINCA Uganda
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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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