Physical Address
Kampala, Uganda
In January 2024, the Minister of State for Microfinance reportedly suspended the licensing of online money lenders on account of opaque operational procedures, exorbitant interest rates, and privacy concerns. The Minister also noted that a number of these online lenders…
The docudrama, Einstein and the Bomb, is a film that explores Albert Einstein’s involvement in the creation of the atomic bomb and the moral dilemma he grappled with following the disastrous impact of its use in 1945. Einstein remarks, about…
The Competition Act, which was first tabled before Parliament in December 2022, was passed for a second time in September 2023 and finally received presidential assent on February 2nd, 2024. The Act therefore establishes primary legislation governing competition matters in…
Over the past few years, the global community has intensified its focus on climate change, on the back of the acceleration of the negative effects of the climate crisis. In response to this crisis, States and private actors alike have…
On 31st October 2023, the Minister of Energy and Mineral Development tabled the Petroleum Supply (Amendment) Bill 2023 (the “Bill”) in Parliament for its first reading. In a statement released by the Ministry, the purpose of the Bill is to…
In May 2023, the Competition Bill that was tabled before Parliament in December 2022 was passed by Parliament. However, the President declined to assent to the Bill on account of the creation of the Competition and Consumer Protection Commission, contrary…
Fraud risk remains one of the key risks impacting the financial services industry in Uganda and beyond. As the economy and technology develop, the threats of fraud also continue to increase and become more sophisticated. The fact that fraud occasions…
In 2016, it was reported that a group of unknown individuals compromised the SWIFT system of Bangladesh Bank, the Bangladesh central bank, and initiated transfer instructions of a total value of USD 1 billion, held at the Federal Reserve Bank…
Growth in the uptake of digital payments has generally maintained an upward trend globally over the past couple of years, attributable in part to the COVID-19 Pandemic. This growth trend is indeed tangible even in Uganda, and data from the…
Innovation in the financial technology (fintech) industry has been growing steadily over the last few years, mainly driven by digital payments. According to a study commissioned by Financial Sector Deepening Uganda in 2018, digital payments represented 47% of fintech activity…
