
The financial services sector in Uganda plays a crucial role in the country's economy. It includes banks, insurance companies, microfinance institutions, and investment funds. This sector is essential for managing money and providing services that help individuals and businesses grow. Understanding the various components and challenges of this sector is important for anyone interested in Uganda's economic landscape.
Key Takeaways
The banking sector is the largest part of Uganda's financial services, with many banks being foreign-owned.
Insurance in Uganda is still developing, with efforts to improve its reach and services.
Microfinance institutions are key in helping people access financial services, especially in rural areas.
Investment funds and capital markets are growing, attracting more local and foreign investors.
Technological advancements, like mobile banking, are changing how people access financial services.