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Financial Inclusion for Refugees: Laying the Foundation for a Business Case for Financial Industry Players in Uganda

On Friday 8th December, FSD Uganda held a roundtable event in Kampala to provide a platform for stakeholders to discuss Financial Inclusion for Refugees in Uganda. Representatives from financial service providers (FSPs), development partners, donors, and non-governmental organizations (NGOs) shared their experiences in providing refugees with access to formal financial services. Stakeholders also discussed the […]

Bitcoin, Tulip Mania and the need to dwell with knowledge

Bitcoin, Tulip Mania and the need to dwell with knowledge. As I write this on the 20th of December 2017, 1 Bitcoin (BTC) is worth $ 18,969.33. Exactly one month ago, 1BTC was $ 7,773.30 1. That’s a gain in value of 144% or 5% per day. Even more astounding, it was worth about $1,000 […]

Partnering in digital payments to strengthen financial inclusion in Uganda

Over half of Uganda’s adults are forced to keep their savings at home because of a lack of access to formal financial services1. Not only is this not safe, but it slows the country’s growth as large numbers of citizens remain financially excluded from formal financial services. To combat this, Mastercard and FSD (Financial Sector […]

Why you should care about financial inclusion

Starting Monday 30th October for one week, people all over the world are going to celebrate Financial inclusion. According to Center for Financial Inclusion the focus will be on exploring how new financial products and partnerships are empowering customers. While all of this is going on, I imagine the first question anybody would ask, as […]

Financial inclusion is vital to end Uganda’s poverty

By Jacqueline Musiitwa, Executive Director, Financial Sector Deepening Uganda The poverty level in Uganda is shockingly high.  According to the Uganda Bureau of Statistics in the 2016/17 Household Survey, about 27% or 10 million people are poor. Although there are many ways to climb out of poverty, access to and usage of financial inclusion is […]

FSDU Symposium on Financial Inclusion

On October 30, 2017, as part of Financial inclusion week running from 30 October to 3 November 2017, FSDU held its first Symposium on Financial Inclusion at the Kampala Serena Hotel. The Symposium was a success attracting over 150 high profile stakeholders from the financial sector in Uganda. The theme for this year’s global financial […]

Notes from the Frontier: Spurring Refugee Economic Inclusion in Rwanda through Inclusive Financial Products

Note to reader: For the safety of the refugees and following guidance from UNHCR, no names or pictures have been used in this piece. Thursday 2nd November 2017 was the start of a two-day immersion in the Gihembe Refugee camp in Northern Rwanda. Our task – to develop financial services products that are relevant, affordable […]

Low-cost private schools; the untapped gold mine for financial institutions

The concept of the missing middle and needs of SMEs goes beyond access to finance. There is need for support in governance, business development and mentorship. To take this forward financial institution have been challenged to innovate financial products for affordable private schools which experts say have a huge but untapped revenue growth potential for […]

Uganda’s rural households will be energy deprived unless swift action is taken

A new report by the Bill & Melinda Gates Foundation warns that the 2013 Sustainable Development Goals (SDG) targets will not be achieved based on the current course of action by world leaders. One of the SDG goals is achieving 100% access to the electrical grid. The 2014 Africa Energy Outlook showed that more than 620 million people in sub-Saharan Africa […]

Why collaboration and not competition, is key in improving financial services industry in Uganda

The financial services industry – banks, mobile network operators, insurance providers and others – have historically sought to work independently in achieving their profitability goals. With the recent global and regional influx of Fintechs – companies that leverage technology and innovation to compete in the financial services marketplace – this industry is getting significantly more […]