Fintech
Ecobank Uganda and Ria Money Transfer Collaborate to Strengthen Remittance Services
Ecobank Uganda has announced a strategic partnership with Ria Money Transfer, a global leader in cross-border remittances, to enhance international money transfer ...
Africa
Uganda Appoints New Central Bank Governor, Ending Three-Year Leadership Gap
Uganda has appointed Michael Atingi-Ego as the new Governor of the Bank of Uganda (BoU), filling a three-year leadership void since the passing ...
Fintech
Uganda: Mastercard Launches Its First Ugandan Office to Drive Digital Transformation and Financial Inclusion
Mastercard has inaugurated its inaugural office in Uganda, a landmark step in its strategic expansion across East Africa. This new hub in Kampala ...
Regulatory
Uganda Arrests Nine Finance Officials Amid $16.87 Million Central Bank Cyber Heist
Ugandan authorities have detained nine Ministry of Finance officials following a sophisticated cyberattack on the Bank of Uganda that resulted in an estimated ...
News
Uganda Central Bank Hack Confirmed; Official Minimizes Reported Losses
A senior Ugandan finance ministry official has confirmed a cyberattack on the country’s central bank accounts, though he disputed claims about the scale ...
Regulatory
Uganda: MTN Uganda in $70.9 Million Tax Dispute with Ugandan Tax Authority
MTN Uganda is embroiled in a tax dispute with the Uganda Revenue Authority (URA) over an alleged Shs 260 billion ($70.9 million) in ...
News
Uganda Plans Large-scale Biometric Registration for National ID Program
Uganda’s National Identification and Registration Authority (NIRA) is set to embark on a major national ID enrollment and renewal campaign beginning in October ...
Regulatory
Uganda: CanalBox Introduces High-Speed Fibre Optic Internet Services in Uganda
CanalBox, a leading provider of fibre optic Internet solutions, has launched its new broadband services in Uganda, promising a faster and more reliable ...
Regulatory
Uganda Reiterates Ban on Using National ID Cards as Loan Collateral
Uganda’s Minister of Information, Communications Technology, and National Guidance, Chris Baryomunsi, has issued a stern warning against the illegal practice of money lenders ...
Regulatory
Uganda Implements ID Verification for High-Value Digital Transactions Amid Rise in Mobile Money Fraud
Amid a surge in digital payments fraud and scams, the Bank of Uganda has issued a directive mandating compulsory ID verification for all ...