Joseph Lukula Automates Banking for Small Businesses

By : Melchior Koba

Date : mercredi, 13 août 2025 06:21

As a trained accountant, he chose to address Uganda's unique financial challenges by integrating digital solutions into often-overlooked sectors.

Joseph Lukula, a Ugandan entrepreneur and financial inclusion advocate, is leveraging his background in accounting to address the country's unique financial challenges. He is the co-founder and CEO of Nexen Tech, a company that develops advanced technological solutions for the financial sector.

Launched in 2022, Nexen Tech offers a cloud-based platform that automates core banking operations. The solution uses artificial intelligence to analyze data and flag operational efficiencies and inefficiencies. The platform simplifies the management of savings and credit cooperatives by streamlining member, loan, deposit, and transaction management while ensuring regulatory compliance and strengthening their ability to serve underbanked populations.

Lukula is also the co-founder and CEO of Nexen Micro Credit, a microfinance institution he established in 2016. Through its digital platform, the institution provides working loans to hundreds of low-income small businesses, primarily in Uganda.

Lukula earned a bachelor's degree in business management and administration from Uganda Martyrs University in 2011 and a master's in accounting and finance from Coventry University in England in 2014. His career began in 2012 as a banking officer at GTBank. In 2015, he joined Premier Credit, a Kenyan microfinance company, as an accountant. Premier Credit provides financial solutions to businesses, government entities, and individual entrepreneurs.

Melchior Koba

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