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…
Bank of Uganda (BoU) cautioned the public against any practice that mutilates, defaces, or compromises the integrity of Uganda Shilling currency. This includes the use of currency banknotes in making…
Bank of Uganda recently released its annual report for 2022/2023. The report highlights the central bank’s performance in relation to its major obligation as the guardian of country’s economy. It…
The Commissioner, Land Registration has cancelled 48 leases previously in favour of dfcu Bank held on land belonging to Meera Investments Limited. This follows a High Court finding and subsequent…
The report notes that the “decrease in loan applications is an indication of the lingering effects of the global tight monetary policy implemented since June 2022 that has led elevated lending rates.”
Ugandan banks have, under pressure from the central bank, agreed to drop a long-practised, but infamous practice of ‘fining’ customers for settling their outstanding loan obligations early. According to a…
Salaam Bank, formerly Top Finance Bank, has become the first financial institution in Uganda to be granted a license by the Bank of Uganda to offer Islamic Banking services. This…
Michael Atingi-Ego, Deputy Governor of the Bank of Uganda (BOU) has called on business organisations to have the right structures, and processes that can help them anticipate and prepare for,…
On 16th November 2022, the Jinja South East Division MP, Nathan Nabeta Igeme tabled a motion to seek leave of Parliament to table the Capital Markets Bill. Parliament unanimously granted…
With only a few days left to the June 30th 2023 compliance deadline for banks that failed to raise UGX120 billion in both share capital and core capital by December…