Was Shutdown of Mobile Money a Mistake?
Mobile money companies have announced the full restoration of services following nearly a week of restricted access to cash. However, the disruption has raised several questions, including the reasons for the service interruptions during the election period and the regulatory framework governing mobile money. The service blockage coincided with an internet shutdown, which was later…
Gulu Businesses Struggled as Mobile Money Operations Got Interrupted
Sections of mobile money agents in Gulu City and business operators have expressed concern about the recent internet shutdown as the country heads for the presidential and parliamentary elections. The Uganda Communications Commission (UCC) ordered the internet shutdown in Uganda two days before the elections, primarily to maintain security during the presidential and parliamentary elections.…
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dfcu Unveils Education Financing Drive to Ease School Fees Pressure
dfcu Bank has launched a nationwide back-to-school campaign dubbed “School Fiiz! Weight Off!”, an integrated education financing initiative aimed at easing the financial burden of school fees for parents and guardians, while strengthening cash flow and operational stability for education institutions as the first school term begins. The reopening of schools is traditionally one of…
Finance Ministry Assures Ugandans of Economic Stability During Elections
The Ministry of Finance has assured the country that the current economic stability will be maintained throughout the election period, despite increased spending by the government, political parties, and individual candidates. The government has increased expenditure through the main budget and supplementary budgets to meet election-related commitments. As a result, some Ugandans expressed concern that…
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Can Project Okusevinga Close Uganda’s Savings Gap?
When the Government of Uganda launched the pilot phase of Project Okusevinga in December last year, it signaled a renewed effort to boost domestic savings and increase the availability of patient capital for both the public and private sectors. According to records from the Bank of Uganda (BoU), Uganda’s savings rate currently stands at about…
UDB graduates 32 SMEs in Mbarara under Enterprise Development Program
Uganda Development Bank Ltd (UDB) has graduated a new cohort of small and medium enterprises (SMEs) in Mbarara District under its Enterprise Development Program (EDP), aimed at equipping entrepreneurs with skills to become investor-ready and financially sustainable. A total of 46 enterprises enrolled in the Mbarara Cohort 2025 incubation programme, with 32 successfully completing the…
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