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TodaySaturday, May 09, 2026

Dr. Tumubweinee Twinemanzi

Dr. Michael Atingi-Ego (left) and Dr. Tumubweinee Twinemanzi the Central Bank Deputy Governor and Executive Director, Bank Supervision respectively have put the SFIs under regulatory pressure to stop the unpopular early repayment charges on outstanding loans.

Banks to stop penalising borrowers for early loan repayments this week

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 the unpopular
November 27, 2023
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Absa Bank Managing Director, Mumba Kalifungwa (left) and Dr. Tumubweinee Twinemanzi, the Central Bank Executive Director for Bank Supervision at the training.

Absa Bank Uganda trains financial institutions’ compliance experts on ethics, conduct

In a bid to equip the financial sector with practical knowledge on ethical framework and conduct in daily operations, Absa Bank Uganda has conducted a one-day training for sector compliance experts. The
October 17, 2023
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Bank of Uganda's Deputy Governor, Dr. Michael Atingi-Ego (left) and Executive Director, Bank Supervision, Dr. Tumubweinee Twinemanzi have consistently campaigned for reduced cost of money

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

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 letter seen
October 17, 2023
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