Pride Microfinance News Today

The Minister of Local Government, Raphael Magyezi has blasted the Ministry of Finance team and Post Bank bosses for shunning a crucial meeting last Friday to discuss the way forward for Parish Development Model (PDM) and diversion of taxpayers' money to the new mobile wallet, Wendi. In a stormy meeting that lasted over five hours,

By Evans Najuna KAMPALA – The Uganda business community under their umbrella of Kampala City Traders Association (KACITA) has awarded Uganda's main tax body, Uganda Revenue Authority (URA) as the best government agency of the year 2023. The event that saw URA bagging two awards of; the best government agency of year 2023 and their

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Uganda: Capital for microfinance institutions set at shs5 billion

Although sustainability has been widely misconstrued to mean ESG (Environmental, Social & Governance), the two are mutually exclusive.

Players in the Microfinance Deposit Taking Institutions (MDIs) have backed the proposal by Government to increase their minimum paid up share capital requirements from 25,000 currency points (Shs500M) to 500,000 currency points (Shs10Bn), saying the changes will enable them, engage in more products like insurance, agent banking and mobile banking with their customers. According to Shafi Nambobi,

Kakumiro, Uganda, August 10th, 2023 – Housing Finance Bank joined PostBank and Pride Microfinance Limited to unveil a partnership with Airtel Money Uganda that will facilitate seamless disbursement of Parish Development Model (PDM) funds by the Government of Uganda through the Wendi mobile wallet platform. This partnership guarantees convenient access to funds for intended beneficiaries

Uganda: Consult all stakeholders on capital requirements

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