MTN Mobile Money (U) Limited has appointed Phrase Lubega as the new Managing Director, as announced by the Board of Directors. His appointment is pending regulatory approval from the Bank of Uganda. Lubega, a Ugandan national, has significant experience in the industry, marking a return to a leadership role within the company.

Digital technology and the presence of global sports stars are significantly contributing to the growth of Uganda's sports betting industry. Millions of Ugandans are increasingly using their phones to engage in sports betting, moving away from traditional brick-and-mortar bookmakers. This shift reflects a broader trend in how sports betting is evolving in the country.

Uganda's Finance Minister Henry Musasizi has introduced a five-pillar strategy aimed at transforming the country's economy into a USD 500 billion entity. During his first management meeting, he emphasized the need for a shift from gradual growth to a more rapid economic expansion, focusing on fiscal discipline and effective management of anticipated resources.

Dr. Kato Sebbaale won the first quarter of the I&M Bank Serena 63 Golf Series during a tournament held on June 20, 2026, at the Lake Victoria Serena Golf Resort and Spa in Kigo. His victory was confirmed amidst a large field of golfers participating in the event.

The Uganda Institute of Banking and Financial Services (UIBFS) has completed the Women in Leadership Program 2026, a five-day initiative aimed at empowering women with essential leadership skills and confidence for roles in Uganda's financial sector. The program focused on equipping participants with the necessary mindset to excel in leadership positions.

In April, Uganda's private sector showed increased activity, with the headline purchasing managers' index rising to 55, its highest in five months, according to the Bank of Uganda's business tendency survey. Financial services experienced their strongest growth ever, indicating strong confidence in the sector, despite ongoing fuel-driven cost pressures. However, the survey also suggested that the underlying momentum may be losing some of its earlier strength.