5 years later, West African banks yet to cause the promised shakedown of Ugandan Banking industry

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By Mark Muhumuza  In 2008, when Ecobank  subsidiary of the Ecobank Group, UBA Uganda  part of the UBA group and Global Trust Bank,  three commercial banks owned by Nigeria’s insurance behemoth Industrial & General Insurance (IGI), made a triumphant entry into Uganda’s market, they were too high on e