Mbale, Uganda | THE INDEPENDENT | After PostBank (PBU) confirmed that the bank’s internal control mechanism had discovered counterfeit notes worth sh500million in Mbale branch, Uganda Police has arrested implicated staff, and where there were lapses in oversight of the branch operations, the bank has suspended the responsible staff pending …
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OPINION | Brenda Mpoora | Kaka Mbabazi feels more in control of her life these days. She turned 73 at the beginning of this year and has never owned a bank account. Until June this year, when her granddaughter Patience signed her onto PostBank’s Wendi mobile platform in addition to registering …
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OPINION | Francis Lutalo | Access to financial services, has increased in recent years thanks to the eruption of mobile money. Between its introduction in 2011 to date, more than 10 million accounts have been created far outstripping the banking sector’s numbers. As a result, according to a survey by the …
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Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund (NSSF) emerged as the Gold Award winner at the 2024 Financial Reporting (FiRe) Awards, scooping four prestigious accolades, including the overall Gold Award for Excellence in Integrated Reporting. The other accolades received included the recognition for the Best Sustainability Reporting …
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OPINION | Damallie Nalukwago | What is little understood generally is the importance of operations in brand building. The perception seems to be that brand building is about logos and fancy advertising. That is only part of the story. The components of brand are building awareness, creating favorable associations and ensuring positive …
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Over 7500 SACCOs targeted for the financial inclusion drive Nebbi, Uganda | THE INDPENDENT | The West Nile community has been called upon to embrace digital transformation as a gateway to economic empowerment, citing Wendi mobile wallet as a key driver towards scaling up financial inclusion in the region. This …
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PostBank’s 5-year transformation journey bears fruit ANALYSIS | THE INDEPENDENT | Over the past few years, PostBank Uganda has embarked on an ambitious journey to revamp its operations, harness technology, and redefine customer experience. For a fully government owned financial institution, embracing transformation has been a strategic imperative. In a rapidly …
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Kampala, Uganda | THE INDEPENDENT | The Uganda Microfinance Regulatory Authority (UMRA) and PostBank Uganda on 21st October 2024 signed a Memorandum of Understanding (MoU) to initiate a collaboration aimed at digitizing the operations of tier IV Microfinance Institutions through PostBank’s Wendi mobile wallet, so that the last mile beneficiary can …
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• Over 3,000 Smallholder Farmers to be reached • Individuals to earn a 10% interest per annum on their daily Wendi saving Mbale, Uganda | THE INDEPENDENT | PostBank Uganda, through its Wendi Mobile Wallet, and the International Fertilizer Development Centre (IFDC) has launched a partnership aimed at improving access to financial …
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Kampala, Uganda | THE INDEPENDENT | PostBank Uganda, committed to its mission of “Fostering Prosperity for Ugandans,” has disbursed the first tranche of the GROW Loan, amounting to Shs6 billion. The funds have been distributed to 353 women entrepreneurs as part of a project funded by the World Bank and implemented …
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