Owen Spencer Amanya Archives

EXCLUSIVE: Opportunity Bank to downgrade license to become a Micro-finance Deposit-Taking Institution

Muhereza KyamuteteraBusiness & Markets News & Analysis The Big StoryJanuary 29, 2024January 30, 2024

Hardly 5 years, after being granted a tier-1 commercial banking license, Opportunity Bank is downgrading back to a Tier 2 Microfinance Deposit-taking Institution (MDI), CEO East Africa Magazine can exclusively…

Uganda’s undercapitalised banks in a last-minute scramble to beat June 30th 2023 deadline

Muhereza KyamuteteraBusiness & Markets The Big StoryJune 20, 2023June 20, 2023

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…