News, Stories, Events, & Trends that shape the Eastern African region
Carrefour, which Majid Al Futtaim owns the exclusive rights to operate in Uganda, has officially launched its Black November 2025 campaign – a month-long shopping event offering up to 50% in all Carrefour supermarkets nationwide until 30th November 2025. Shoppers can enjoy unbeatable deals on a wide range of products, including electronics, home appliances, groceries,
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The Uganda Digital Society (UDS) has entered into a strategic partnership with the National ICT Innovation Hub (NIIH), under the Ministry of ICT and National Guidance, to contribute towards ongoing efforts transforming Uganda’s innovation landscape and the country’s digital transformation journey. Together, this collaboration will strengthen Uganda’s position as a regional hub for ICT-driven innovation
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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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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.
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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
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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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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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