Banking: Two new banks and more headache for the industry

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By Taddewo Senyonyi The transition of Finance Trust (MDI) into a commercial bank and the entry of Commercial Bank of Africa brings the total number of banks in Uganda to 27. Uganda’s banking sector is set to witness the tightest cut throat competition ever in 2014 following the recent transition of Finance Trust (MDI) into a Tier 1 commercial bank and the entry of Commercial Bank of Africa