This initiative underscores Pesapal’s commitment to driving financial inclusion at a time when nearly 60% of Ugandan adults remain excluded from formal credit and SMEs face persistent financing gaps. By extending access to affordable, data-driven credit, Pesapal is directly supporting small businesses, which form over 90% of the private sector and contribute the majority of employment in Uganda.

The Capital Markets Authority of Uganda (CMA), in partnership with the Uganda Financial Literacy Association (UFLA), officially launched the Masaka Financial Literacy Chapter. This milestone marks a significant step in decentralizing capital markets and financial literacy efforts, ensuring that communities at the grassroots are empowered with the knowledge to make informed financial and investment decisions.

Trapped in a cycle of debt, 70% of Ugandans spend more than they earn. For many, survival depends on loans, a desperate need exploited by corruption. A story from Tororo reveals how a day of hope for single mothers ended in despair when bribes, not need, determined who received funds, exposing a system where connections outweigh fairness.