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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The 2023 Financial Literacy Survey conducted by the Bank of Uganda revealed that 60% of Ugandans were unaware of key financial concepts such as budgeting, credit, and investment. With inflation rising and the cost of living increasing, it is crucial to understand how to manage personal finances effectively. Across the globe, including in Uganda, we
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Kampala, Uganda – Talkio Mobile, Uganda’s newest telecom provider, which provides a gateway to a smarter, faster, and fully customizable mobile experience, is thrilled to announce a festive campaign that rewards new customers who book a Talkio SIM with a chance to win a brand new iPhone 16 Pro Max and other fantastic prizes, including
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With the ongoing high internet costs in the Country, Blue Crane Communication has cut its prices in its new campaign dubbed Switch to BCC. The campaign is aimed at delivering reliable high internet speeds at the lowest prices for fiber home users and SMEs within Uganda. Running till December 2024, this initiative aims to empower
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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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