Kampala, Uganda – September 22, 2025 — The Bank of Uganda (BoU) has officially launched the E-Supervision (SupTech) Project, a groundbreaking regulatory technology initiative aimed at transforming financial sector supervision in the country.
The SupTech Project will leverage automation, data standardization, and advanced analytics to enable faster, preventive, and more informed oversight of financial institutions. Officials say the move is designed to improve compliance, strengthen trust, and enhance stability within Uganda’s financial system.
Speaking at the launch, BoU Governor Dr. Michael Atingi-Ego hailed the project as a “transformational step toward smarter, faster, and more transparent regulation.” He underscored, however, that while technology provides powerful tools, its success will depend on collaboration with financial institutions, regulators, fintechs, and development partners.
“SupTech will enhance our ability to anticipate risks, enforce compliance, and ensure a more resilient financial system. But technology alone is not enough—it is through partnership and cooperation that we will succeed,” Dr. Atingi-Ego said.
The launch event attracted a wide range of stakeholders, including representatives from commercial banks, fintech companies, regulatory agencies, and development partners—a demonstration of the collective commitment to shaping Uganda’s digital financial future.
With this initiative, the Bank of Uganda is laying the foundation for a smarter regulatory ecosystem—one that promotes transparency, builds market confidence, and positions the country’s financial system to thrive in the digital age.
