Bank of Uganda, the financial services sector regulator has announced that WorldRemit Money Transfer (U) Limited has stopped offering the money remittance business that it is well known for. “Pursuant…
The Uganda shilling was set to end the week mostly flat, a bit firmer cushioned by tight liquidity conditions mainly on account of end year corporate tax obligations that sucked…
Justice, Prof. Lillian Tibatemwa-Ekirikubinza, of the Supreme Court has today dismissed Bank of Uganda’s attempts to hold on to Crane Bank Limited and ordered that the company be returned to…
The Uganda shilling edged lower against the dollar as the market remained pressured by mainly offshore demand and pockets of demand from energy and manufacturing sectors. Trading held in the…
Bank of Baroda (Uganda) Limited has announced that it will be paying its shareholders the final dividend for the year ended December 31st 2020 following receipt of the necessary regulatory…
The Uganda shilling continued to battle a range of headwinds surrendering gains post Bank of Uganda intervention. Foreign portfolio disinvestment was the main driver of the currency weakness during the…
15 Ugandan banks have signed onto the TradeClear platform to ease and boost interbank trade within the country. TradeClear is an interbank trading platform managed by financial services company Frontclear…
Uganda Bankers Association (UBA) has called on Ugandans to disregard a viral video alleging missing funds on customer accounts in Centenary Bank. UBA, in a statement, advises customers to contact…
The Uganda shilling was under stress trading above the key psychological level of 3800 for the first time in months. Towards closure of the week the unit cooled off, lifted…
The Uganda shilling was on a losing streak, trading at its lowest in months plagued by the reality of inflation pressures and high oil import demand. The energy forex requirements…
