Author: Daniel Muwanguzi

In less than a year since its launch, PostBank Uganda’s ZeroFlex account has registered exponential growth of over 50 percent month-on-month, attracting thousands of first-time account holders. The most eye-catching statistic is that 89 percent of ZeroFlex holders are “new-to-bank” customers, people who had never held a formal account before. For an industry long struggling to bring the unbanked into the fold, these figures are not just impressive — they are transformative. PostBank (which is changing to Pearl Bank), experience with the ZeroFlex account shows that the most striking demographic insight is that uptake of digital banking products is highest…

The conversation on Africa’s future took center stage on Tuesday as leaders from across academia, business, and finance convened at the Investor Roundtable Summit, hosted by the Makerere University Alumna Association in Kampala. The summit, held under the theme “Exploring Opportunities for Entrepreneurship, Innovation and Value Creation for Accelerated Socio-Economic Integration and Development of Sub-Saharan Africa,” attracted a cross-section of alumni, investors, scholars, entrepreneurs, and policymakers. Among the day’s highlights was a powerful contribution from Samuel Mwogeza, Executive Director and Head of Personal & Private Banking at Stanbic Bank Uganda, who served as a panelist alongside other distinguished thought leaders. Speaking to…

Global critical thinkers, policymakers, financiers, and changemakers convened in Kampala to forge a new path to development finance in Africa. The Uganda Development Finance Summit, the first of its kind in Uganda, promises to reshape the trajectory of Africa’s development narrative. Under the theme: “Transforming Africa Through National Development Finance Architecture,” the two-day Summit, comes at a time of profound global economic shifts. Traditional aid is diminishing, access to international capital is becoming more constrained, and the urgency to create self-sustaining, inclusive economic models has never been greater especially for the African continent. This convening provides a platform for bold,…

Equity Bank Uganda continues its commitment to fostering SME growth nationwide. In Fort Portal, entrepreneurs, traders, and community leaders convened to network and envision a brighter future for regional business at the 3rd regional event of Equity Bank Uganda’s “Tupange Business Ne Equity”, a customer engagement campaign which provides essential financial support to small and medium enterprises (SMEs) across the country. Following successful customer engagement events in Arua and Mbale, the Fort Portal legs saw customers listening, engaging, networking and empowering participants as Equity Bank staff and business speakers provided insights on the current challenges facing SMES and solutions towards overcoming…

The Ministry of Foreign Affairs has reaffirmed its commitment to strengthening the role of diplomacy in advancing national development as Uganda’s Heads of Mission gathered on the third day of the Annual Ambassadors’ Conference at Gulu University. Convened under the theme “Strengthening the Foreign Service’s Contribution to National Development”, the meeting has provided a platform for reviewing the performance of Missions abroad and aligning them with the country’s broader economic and political agenda. In his opening address, Mr. Bagiire Vincent Waiswa, the Permanent Secretary of the Ministry of Foreign Affairs, commended Uganda’s envoys for their resilience and dedication in representing the…

One dead, four injured as Buikwe factory ceiling collapses One person has been confirmed dead and four others injured at Gold Star Battery factory in Naminya Zone, Njeru municipality, Buikwe District, after a concrete ceiling board collapsed off one of the buildings on Wednesday. The deceased has been identified as Rajeshibhai Shekhara, 36, while some of the survivors include Mr Hawali Mutumba, 19, and Ms Catherine Kisakye, both machine operators, who were rushed to Kamu-Kamu Medical Centre and Nile International Hospital in Jinja City respectively. Mr Mutumba said he was on one of the machines when he heard a sound…