Collins Babirukamu, Senior Director of IT at the Bank of Uganda (BoU), says that rising cyber fraud and digital vulnerabilities are the key challenges keeping him up at night prompting a strategy that seeks to balance strong security with user convenience.
Leaders of Uganda’s cooperative movement have launched the National Cooperative Credit and Savings Society, a foundational step toward restoring the long‑dormant Uganda Cooperative Bank, aiming to serve 18 million members and boost access to affordable financing.
The European Union has pledged €7.2 million (about Shs29 billion) toward Phase II of Uganda’s Green Enterprise Finance Accelerator (UGEFA), supporting entrepreneurs who turn waste into value, deploy off-grid solar technology, and restore degraded land.
As smartphones and the internet reach more Ugandans, brands that move quickly using tools like AI‑driven insights, user‑generated content, short‑form video, and social media storytelling are pulling ahead in the marketing race.
Mobile money services in Uganda have evolved from convenient add‑ons to powerful rivals of traditional banking, moving trillions annually and compelling banks to reorient their strategies toward digital finance.
Following a two‑year investigation, the COMESA Competition Commission has compelled Uber to amend several terms in its rider contracts in Uganda and Kenya eliminating clauses that allowed fare changes mid‑journey, contract cancellation without cause, and mandated dispute resolution under Dutch law.
