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Bank of Uganda puts Unimoni Uganda under watch as UK parent company nears collapse

Muhereza Kyamutetera

Staff of Unimoni Uganda pose for a photo during Unimoni’s opening of its seventh branch in Bugolobi, in March 2019. The company’s owner, Finablr is in financial trouble and has been suspended from trading on the London Stock Exchange.

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Bank of Uganda has said that although it does not expect Unimoni Uganda’s operations to be interrupted by the collapse-in-progress of Finablr, Unimoni’s parent company, it is closely monitoring the operations of the company. Unimoni, short for 'Universal Money' is a global remittance, foreign exchange, payment and credit solutions provider. Formerly known as UAE Exchange in Uganda, the comp

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