Banking has traditionally been seen as an activity reserved for working adults, businesses, and corporate clients. However, over the last two decades, the financial sector has recognized the importance of financial inclusion for young people. In Uganda, where over 77% of the population is under 30 years old, youth banking is no longer an option...
Diaspora remittances have become a critical component of Uganda’s economy, representing a significant source of foreign exchange, household income, and investment capital. Every year, Ugandans living abroad send billions of dollars back home to support families, invest in businesses, and contribute to national economic growth. According to World Bank data, Uganda receives approximately USD 1.3–1.5...
In an increasingly globalized economy, international transfers to Uganda have become a critical component of financial operations for both individuals and businesses. Ugandans living abroad, multinational corporations, and investors require reliable, fast, and cost-effective channels to move money across borders. Banks play a pivotal role in facilitating these transfers, often forming strategic partnerships with other...
As globalization continues to reshape the world economy, Ugandans living abroad are becoming increasingly connected to their families, investments, and communities back home. Whether you are a student studying in Europe, a professional working in the Middle East, or part of the Ugandan diaspora in North America, one of the most important financial steps you...
Remittances are the financial lifeline of many Ugandan households. Every year, millions of Ugandans living abroad send money back home to support families, invest in businesses, and contribute to national development. According to the Bank of Uganda, the country receives an average of USD 1.4 – 1.5 billion annually in remittances, making it one of...
Banking is changing faster in Africa than anywhere else in the world. In countries like Uganda, where mobile money adoption has surpassed traditional banking penetration, financial institutions are redefining how they deliver services. Instead of asking customers to walk into branches, banks are now asking: How can we fit banking into the customer’s phone? Mobile...
The COVID‑19 pandemic triggered a seismic shift in Uganda’s banking sector—accelerating digital transformation, reshaping customer experience, and testing institutional resilience. While the health crisis brought challenges, it also fast-tracked innovation. This article explores how Uganda’s banking landscape transformed during and after the pandemic. 1. A Sudden Shock to Banking Dynamics 2. Institutional Resilience: Policy Interventions...
Uganda is not only a key player within the East African Community (EAC); it is a foundational hub for regional banking integration. From digital payments infrastructures that transcend borders to institutional partnerships shaping financial landscapes, Uganda continues to lead and adapt in ways that strengthen intra-African financial ties. 1. Building Strong Foundations in Payment Integration...
