Kampala, Uganda Submissions for the 2025 Monetary Reporting (FiRe) Awards are formally commence and might furthermore level-headed budge till September 30, 2025. This announcement marked the culmination of a high-impact press conference held by the Institute of Certified Public Accountants of Uganda (ICPAU) on June 18 on the Millennium Terrace Hotel in Kampala, reaffirming its commitment to bettering transparency, accountability, and governance across all sectors of Uganda’s economy.
The launch of the 2025 FiRe Awards drew consideration from Uganda’s financial ecosystem, spotlighting the transformative capacity of credible and forward-taking a leer reporting. CPA Stephen Ineget, Chairperson of the FiRe Awards Committee, reminded attendees that the initiative is no longer simply about rewarding financial stories—it is about instilling a culture of integrity. “The FiRe Awards were created to promote accountability, no longer trustworthy to reward stories, but to encourage a culture of integrity and governance across Uganda. Every entity that participates advantages, whether or no longer by recognition or expert solutions,” he said. He pointed to PostBank and DFCU as standout examples of establishments that enjoy strengthened their public credibility by their participation in the awards.
Reinforcing the Awards’ broader imaginative and prescient, CPA Charles Lutimba, ICPAU’s Director of Standards and Regulations, urged organizations to embody a holistic attain to reporting—one which balances income, community impact, and competitiveness. He said solid reporting might furthermore level-headed replicate the essence of an group’s price to its stakeholders and data future decision- making.
The collaborative nature of the FiRe Awards was as soon as evident in remarks from Lyn Tukei, PR & Communications Supervisor on the Capital Markets Authority (CMA). Tukei emphasized that formalization—in particular for Uganda’s many family-budge and casual agencies—is required to attracting funding. “FiRe Awards and CMA packages admire the Deal Breeze along with the hotfoot Facility are here to assist agencies change into funding-prepared. We’re no longer trustworthy regulators—we’re enablers,” she said. She added that formalizing a industry might furthermore level-headed be viewed as a gateway to capital and credibility, no longer an absence of retain a watch on.
From the capital markets attitude, John Had been of the Uganda Securities Alternate (USE) championed transparency because the principle step to spice up and capital get hang of entry to. “On the USE, we detect the FiRe Awards as larger than recognition—they’re a gateway to readiness,” he said. Had been encouraged entities to take into tale itemizing by platforms admire the USE Edaala or participate in recordsdata-building by the USE Academy. “Owning 100% of a exiguous industry is less highly effective than proudly owning 20% of a thriving one,” he remarked.
CPA Margaret Saano of Vision Group bolstered the media’s characteristic in relaying actual financial and non-financial recordsdata to the general public. “The general public deserves to know the contrivance entities own financially and previous. Informed reporting builds advised funding,” she said.
She known as on entities to bridge the solutions gap by participating with the media and being proactive in disclosure. Saano furthermore emphasized that new investors are equally concerned with values, impact, and sustainability—facets which will seemingly be in actuality central to the FiRe Awards.
Adding to the testimonials, PostBank’s Chief Finance Officer, Peter Ssenyange, shared how participation in the FiRe Awards had helped the bank evolve its annual stories into highly effective storytelling instruments. “Sustainability can’t be imported. It needs to be defined by context, culture, and purpose,” he said. “At PostBank, we verbalize a Ugandan memoir—about folks, governance, and prosperity. FiRe helped us shape it by integrated reporting.” He concluded that their reporting is now forward-taking a leer, giving stakeholders insight into where the institution is headed over the following decade.
With entries now commence, ICPAU and its partners are calling on public, private, and no longer-for- income organizations to raise befriend of this platform to no longer most efficient operate recognition but furthermore to toughen their governance practices and own investor self belief. The 2025 FiRe Awards are poised yet again to be a beacon of accountability and financial excellence in Uganda.
