Prime Highlights
- Bank of Uganda Deputy Governor Prof. Augustus Nuwagaba headlines Equity Bank Uganda’s Diaspora Webinar Series.
- Uganda’s 2025 diaspora remittances hit a record 2.5 billion dollars, nearly 3.8 percent of GDP.
Key Facts
- The session focuses on directing remittances toward farming, real estate, manufacturing and other productive sectors.
- Equity Bank Uganda recently won Corporate Business of the Year at the 2026 African Business Awards in London.
Background
The upcoming web seminar series of Equity Bank of Uganda is scheduled for August 1, 2026. It is designed to train the Ugandans who have migrated elsewhere in making remittances productive through investments. This webinar will be facilitated by Prof. Augustus Nuwagaba, who holds the position of Deputy Governor of Bank of Uganda.
He will focus on how diaspora money is shaping Uganda’s economic future. He will talk about the growing role diaspora money plays in Uganda’s economy. Those wishing to attend can sign up through the registration link provided by the bank.
Designed to build financial confidence among Ugandans overseas, the webinar series offers practical guidance, expert perspectives and investment tools tailored to opportunities back home.
This session will focus on shifting remittance use away from covering only daily household costs toward funding ventures in commercial farming, property, manufacturing and other productive industries.
The timing follows a sharp rise in diaspora contributions to Uganda’s economy. Remittances hit a record 2.5 billion dollars in 2025, making up close to 3.8 percent of national GDP, up significantly from earlier figures near 1.5 billion dollars once the Bank of Uganda switched to a transaction-based reporting method that picked up flows missed under the old system.
Beyond helping families cover school fees, medical bills and housing costs, the central bank now views these inflows as a resource with real potential to boost the broader economy.
With this webinar series, Equity Bank Uganda is shaping its role around more than remittance transfers, aiming instead to serve as a partner helping the diaspora save, invest and grow assets in Uganda.
The session comes shortly after the bank won Corporate Business of the Year at the African Business Chamber’s 2026 Awards in London, an honor tied to its work in financial inclusion, cross-border banking and diaspora investment.
