Physical Address
Kampala, Uganda
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…
Uganda has often been lauded as being a highly entrepreneurial country. The highly entrepreneurial nature of the country’s population has however been impacted by a difficult operating environment that has limited the growth and scale of start-ups. The key factors…
This article provides a commentary on the Competition Bill, 2022 (the “Bill”) which was tabled before Parliament in December 2022. The Bill is presently at Committee stage and will be considered by the Parliamentary Committee on Tourism, Trade, and Industry.…
A company is a separate and distinct legal entity from its members/shareholders and directors. The implication of this long-standing legal principle is that the directors and members/shareholders are, as a general rule, not personally responsible for the company’s liabilities. The…
Background Mobile money has, without doubt, had a profound impact on the financial services sector in Uganda and in other markets in the region. The most tangible impact mobile money has had thus far is providing the unbanked population with…
The financial services sector is undergoing what may be termed as a technology revolution. The hallmark of this revolution is an aggressive disruption of the operations of traditional financial institutions, especially banks. This disruption is attributable, in part, to the…
