• Uganda
  • Resources
  • Capacity Building
  • Financial Literacy


  • 34.8% of business owners in Uganda are women

Advantages for being financially literate

People who are financially literate are able to:

  • take sound financial decisions for themselves and their families;
  • make informed choices between different financial products and services;
  •  budget and to plan ahead;
  •  build up some savings;
  •  protect themselves against financial risks;
  •  invest prudently (if they have sufficient money) and
  •  understand their rights and responsibilities.

How to improve your financial literacy?

  • Financial education,
  • Information,
  • Instruction,
  • Training and,
  • Advice

For interest in financial literacy and further information on the Uganda Financial Strategy, 

Contact: financialliteracy@bou.or.ug

The Bank of Uganda (BOU) led a development of the Financial Literacy Strategy 2017/18 – 2020/23 that is guiding the interventions of financial education in the country. Financial Literacy Strategy is currently being implemented nationwide, educating people on matters regarding financial literacy and how they can perfectly plan for their money. The strategy was an outcome of a consultation among the different stakeholders.

According to the Financial Literacy strategy, the term “Financial Literacy” should be understood as having the knowledge, skills and confidence to manage one's finances well, taking into account one's economic and social circumstances.
  •  knowledge means having an understanding of personal financial issues;
  •  skills means being able to apply that knowledge to manage one’s personal finances; and
  •  confidence means feeling sufficiently self-assured to make decisions relating to one’s personal finances.

Financial literacy classes have now widely been taken to various women groups across the country and women have embraced them more than their male counterparts.

Tips for success

The success of a small-scale business is largely determined by the skills and knowledge of its owner. A financially literate businesswoman understands how money is made, spent and saved in her business.

It is important for women in business to be financially literate. Equipping them with financial skills will prevent them from becoming over-indebted or to purchase products and services which do not meet their needs. Financial literacy will also help them escape from being victims of financial frauds.

Council for Economic Empowerment for Women of Africa - Uganda Chapter (CEEWA- U)

has a financial literacy programme for women entrepreneurs in small and medium scale enterprises as well as women leaders

Enterprise Uganda

Promoting enterprise growth and excellence

Centenary Bank, Uganda

Providing financial literacy and business advisory services for women in business

dfcu Bank, Uganda

Women in Business programme providing financial literacy and inclusion to members