Banking Industry Archives – CEO East Africa

Uganda’s Banking Sector Gears Up to Support Ambitious USD500 bn GDP Growth Plan

Muhereza KyamuteteraBusiness & Markets The Big StoryFebruary 19, 2025February 19, 2025

The Uganda Bankers’ Association (UBA) has reaffirmed its commitment to supporting the Ugandan government’s ambitious economic expansion strategy, which aims to grow the country’s GDP from USD 50 billion to…

Ugandan banking industry makes bold ESG move⏤ launches first-ever industry guiding framework

Muhereza KyamuteteraBusiness & Markets News & Analysis The Big StoryJune 5, 2024October 8, 2024

To guide and accelerate the standardised adoption of Environmental Social Governance (ESG) best practices, the Uganda banking industry, under the Uganda Bankers’ Association (UBA), has launched and committed to jointly…

Ugandan Banks Succumb To Central Bank Pressure To Drop Charges On Early Loans Repayment

Muhereza KyamuteteraBusiness & Markets The Big StoryOctober 17, 2023October 17, 2023

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…

BoU set to increase capital buffers for banks by 500%; Credit Institutions by 2,400% and 1,900% for MDIs

Muhereza KyamuteteraThe Big StoryAugust 24, 2021January 23, 2024

Bank of Uganda has kickstarted a process to increase capital buffers for Commercial Banks, Credit Institutions and Micro-Deposit Taking Institutions, a move it says is both timely and long overdue….