BoU says Uganda’s undercapitalised banks are on course to meet new capital targets, as experts predict buyouts and license downgrades

Ugandan supervised institutions (SFIs) that did not meet the revised capital buffers by June 2023, are on course to comply, by the June 2024 final deadline, Bank of Uganda, Uganda's central bank has said. "As you are aware, BOU is pursuing a phased approach for SFIs recapitalization, which means the final capital target is UGX150 billion for Tier 1 (commercial banks), and UGX25 billion for Tier