In a conversation at the Trade and Development Bank (TDB) Annual General Meetings in Kigali, Rwanda, Patricia Ojangole, the Managing Director of the Uganda Development Bank (UDB), discussed the crucial role of Development Finance Institutions (DFIs) in promoting economic growth. She highlighted the importance of securing affordable and long-term capital and building strategic partnerships to…
Ugandans are rapidly embracing the ‘cashless’ trend that is reshaping the landscape of financial transactions in the country. The allure of going cashless not only offers convenience but also ensures a secure and seamless payment experience, freeing individuals from the burden of carrying physical currency. This transition has seamlessly integrated offline and online realms, allowing…
In recent years, the financial landscape has undergone a profound transformation, driven by the relentless rise of fintech startups. These innovative and agile companies have rapidly carved out a space for themselves, challenging and reshaping the traditional banking sector across the globe. In East Africa, this disruption is particularly evident, with fintech startups making a…
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…
As technology continues to advance, so do the risks associated with it. The rise of deepfake technology has brought about new challenges for financial institutions, prompting the need for robust security measures to counter the potential cyber threats it poses. In a world where a simple scan of your face can reveal what you might…
As the school holidays start, both schools and parents are gearing up for the Back-to-School season to ensure a smooth transition into the last term of the year. While the focus remains on education and personal growth, the financial aspect of this preparation should not be overlooked. Banks offer a plethora of financial products tailored…
In the realm of investment opportunities, unit trusts stand as a versatile and accessible avenue for individuals seeking to grow their wealth while benefiting from professional management and diversified portfolios. Offering a bridge between the complexities of the financial market and the aspirations of everyday investors, unit trusts have gained traction as a reliable and…
In the dynamic world of business, Small and Medium Enterprises (SMEs) play a pivotal role, contributing to innovation, economic growth, and employment opportunities. While SMEs possess inherent agility and adaptability, they also face unique financial challenges that require strategic acumen to overcome. To chart a course towards sustainable success, SMEs must embrace prudent financial practices…
In a world driven by financial transactions and economic decisions, instilling a solid understanding of banking concepts and money management in children is an invaluable gift. Early exposure to the world of banking can empower youngsters with essential life skills that will serve them well into adulthood. By introducing children to banking in a thoughtful…
In the dynamic landscape of business expansion, the choice between debt and equity financing becomes a pivotal decision that shapes the trajectory of a company’s growth. Both avenues offer distinct advantages and trade-offs, each catering to different needs and aspirations. Understanding the nuances of debt and equity financing is essential for entrepreneurs seeking to fuel…
