This week, starting on December 1st 2023, millions of Ugandan borrowers from Supervised Financial Institutions (SFIs) have cause to smile. The SFIs, under their Uganda Bankers Association (UBA), will cease…
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…
Uganda’s Minister of Finance, Planning and Economic Development, Hon. Matia Kasaija, on 16th November 2022 signed a ministerial instrument, increasing the minimum capital requirements for banks by 6 times or…
In a bid to curtail inflation, the government of Uganda, through the Bank of Uganda (BoU) has increased the Central Bank Rate (CBR) by 1 percentage point to 8.5%. At…
The National Social Security Fund (NSSF) in partnership with Visa and Centenary Bank has today unveiled a three-in-one social security smart card which embeds NSSF functionality, bank functionality and a…
Uganda’s economy will register progressively steady growth in the next 3 to 5 years as the country bounces back from more than two years of battling the Covid-19 pandemic which…
Standard Chartered Bank Uganda Limited has been announced as the best performing Primary Dealer Market Maker (PDMM) in Uganda Government securities during the period October 2020 to September 2021. The…
Bank of Uganda (BoU) has reduced by half the maximum value that can be written on cheques to banks and other financial institutions. Currently, amounts written on cheques are limited…
Members of Parliament, sitting on the Legal and Parliamentary Affairs Committee have insisted the Governor and Deputy Governor of Bank of Uganda cannot also coccupy the offices of Chairman and…