What Centenary Technology Services does

Centenary Technology Services is the dedicated technology subsidiary of Centenary Rural Development Group Limited (Centenary Group), a Ugandan financial services conglomerate whose flagship Centenary Bank is the country's second largest bank with operations in Uganda and Malawi. Established on 1 July 2020 as part of a reorganization that converted the 40-year-old Centenary Rural Development Bank Limited into a holding company with five active subsidiaries, the company provides technology solutions and digital transformation services to private sector enterprises, public sector organizations, and the Group's own banking subsidiaries. Its stated core offerings are AI-driven banking systems, cybersecurity infrastructure, and data centre modernization, supported by a strategic MoU with Huawei Uganda covering eight cooperation areas including AI, cybersecurity, data centres, human capital development, co-innovation, and joint research.

The underlying technology stack combines predictive analytics and natural language processing applied to credit decisioning and customer engagement for the parent's 4 million-plus banking customers, with the AI layer largely delivered through the Huawei partnership rather than in-house model development. The business model is managed services-style B2B technology delivery, with pricing that is not publicly disclosed and likely quote-based per engagement. Go-to-market is enterprise field sales targeting private enterprises, government clients, and the Group's banking subsidiaries, with partner-network referral channels leveraged through the Huawei relationship. The ownership structure is unusual: Centenary Group is ultimately owned by 19 Catholic Dioceses as Registered Trusteeships, the Uganda Episcopal Conference, impact investors SIDI and Triodos, and 23 local religious institutional investors, reflecting a Church-founded, financial-inclusion-oriented mission.

The company is privately held, has no disclosed headcount, revenue, or funding, and its scale remains small relative to the parent Group. Its strategic significance is primarily as an internal technology platform for the Group's banking operations and as a vehicle to monetize the Group's 40-year brand and distribution footprint in East African financial services through external digital transformation engagements.

Name

Centenary Technology Services

Legal name

Centenary Technology Services

Website

https://centenarygroup.co.ug

Company type

Private

Founded year

2020

Operating status

Operating

Short description

Centenary Technology Services is the technology arm of Uganda's Centenary Group, providing AI-driven banking systems, cybersecurity, and data centre modernization to the parent bank's Uganda and Malawi operations and to external private and public sector clients.

Ownership category

akta.pro rank

Product category

Financial Technology Services

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Programming Services (7371)

akta.pro primary industry

Enterprise Application Modernization (Monolith-to-Modules, Domain Modernization) (BPAEAFAG)

akta.pro secondary industries

Legacy Modernization & Application Rationalization (BPAEAAAG), Digital Development & ICT4D / GovTech Technical Assistance (BPADAEAL)

Keywords

• Financial technology services
• Digital transformation
• AI banking systems
• Cybersecurity infrastructure
• Data center modernization

Headquarters

HQ city

Kampala

HQ country

Uganda

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Infrastructure, Operations

Revenue model

1. Technology Services Revenue: Centenary Technology Services generates revenue by providing technology solutions and digital transformation services to private sector clients, public sector organizations, and the Centenary Group's financial services subsidiaries including Centenary Bank in Uganda and Malawi.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Centenary Technology Services is the technology subsidiary of Centenary Group, providing AI-driven banking systems, cybersecurity infrastructure, and data centre modernization solutions. It delivers digital transformation and financial inclusion technology services to private sector enterprises, public sector/government clients, and to the group's banking subsidiaries Centenary Bank Uganda and Centenary Bank in Malawi.

Product overview

Centenary Technology Services operates as the technology subsidiary of Centenary Group, providing innovative technology services including AI-driven banking systems, cybersecurity infrastructure, and data centre modernization to drive digital transformation for both private and public sector clients. The company partners with technology leaders like Huawei to deliver AI-powered financial products and services.

Differentiator

Problem solved

Functional benefit

Products and services

• Centenary Technology Services The flagship technology offering of Centenary Group providing technology solutions and digital transformation services to drive financial inclusion and digital transformation for both private and public sector clients.
• AI-Driven Banking Systems

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature3 records

Partnerships

One partnership is on record.

• Huawei Uganda (Huawei Technologies Uganda Company Limited)coreTechnology or Integration · 23 May 2026Centenary Group and Huawei Uganda signed a Memorandum of Understanding establishing a strategic partnership to accelerate digital transformation across the Group and its subsidiaries. The MoU defines eight areas of cooperation including AI-driven banking systems, cybersecurity infrastructure, data centre modernization, human capital development, co-innovation, and joint research. This partnership follows a benchmark visit by Centenary Group's leadership to Huawei's headquarters in Shenzhen in April 2026.

Scale indicators4 records

Recent moves2 records

Expansion highlights5 records

Direct peers

• SystemSpecs: Nigerian fintech software company providing banking, payment, and human capital solutions to African financial institutions. Comparable as an Africa-based technology vendor focused on banking and financial-services digital transformation.
• Liquid Intelligent Technologies: Pan-African technology group providing connectivity, cloud, and cybersecurity services across multiple African countries. Comparable in delivering enterprise IT, data centre, and cybersecurity infrastructure to African enterprises and public-sector clients.
• Inlaks: Pan-African IT solutions provider specializing in banking, payment, and digital infrastructure implementations across emerging markets. Closely comparable to Centenary Technology Services in its focus on serving African banks and financial institutions with enterprise technology and digital-transformation services.
• BPC Banking Technologies: Global provider of banking software and digital payment solutions with a strong footprint across African financial institutions. Comparable to CTS as a vendor delivering core banking modernization, AI-driven services, and payment infrastructure to emerging-market banks.

Emerging players

• Andela: Africa-rooted technology talent and engineering-services firm with origins in Africa and delivery capability for global enterprises. Comparable as an Africa-based provider of enterprise technology services, though Andela's model is talent-centric rather than product-centric.
• Flutterwave: African fintech infrastructure company providing payment APIs and digital-banking enablement technology to financial institutions and businesses across Africa. Comparable as a technology provider enabling digital financial services in African markets.
• Cellulant: African digital payments platform operator providing payment infrastructure and financial-inclusion technology across multiple African markets. Comparable in its mission-driven focus on financial inclusion technology for African banking and public-sector clients.

Broad incumbents

• Temenos: Global leader in banking software providing core banking and digital-experience platforms to over 3,000 financial institutions, including many in Africa. Comparable as a banking-technology vendor competing for the same African core-modernization mandates CTS targets.
• Interswitch: One of Africa's largest digital payments and commerce platforms serving banks, governments, and businesses across the continent. Comparable in delivering digital infrastructure and fintech solutions at scale to African financial-sector clients.
• Finastra: Major global financial-software vendor offering core banking, lending, and digital channel solutions with strong emerging-market presence. Comparable as a banking-software incumbent CTS competes with for African bank modernization deals.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/CenteTech
• LinkedInlinkedin.com/company/cente-tech

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Centenary Technology Services