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Africa

Billions Sent Home, But to Whose Benefit? The Remittance Riddle Facing Ugandan Banks

Every month, tens of thousands of Ugandan households receive life-sustaining  remittances from family members living abroad.  These funds, estimated at over USD 1.4 billion annually according to the Bank of…

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Tagged: Bank of Uganda Diaspora Economy Diaspora Investments digital banking Financial Inclusion Fintech in East Africa Mobile Money Remittance Costs Uganda Remittances
About the Author

Paul Murungi

Paul Murungi is a Ugandan Business Journalist with extensive financial journalism training from institutions in South Africa, London (UK), Ghana, Tanzania, and Uganda. His coverage focuses on groundbreaking stories across the East African region with a focus on ICT, Energy, Oil and Gas, Mining, Companies, Capital and Financial markets, and the General Economy.

His body of work has contributed to policy change in private and public companies.

Paul has so far won five continental awards at the Sanlam Group Awards for Excellence in Financial Journalism in Johannesburg, South Africa, and several Uganda national journalism awards for his articles on business and technology at the ACME Awards.

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