GnuGrid CRB, Uganda’s first and only indigenous credit reference bureau to be licensed by the Bank of Uganda and Airtel Mobile Commerce Uganda Limited, a provider of affordable and secure…
The Bank of Uganda has in a statement said big ticket depositors who held more than UGX 10m in deposits in the collapsed EFC Uganda bank, will have to exercise…
Bank of Uganda, Uganda’s central bank, on January 19th, 2024 placed EFC Uganda Limited under liquidation, revoked its license, and ordered the winding up of its affairs. This in effect…
Bank of Uganda has revoked the license of EFC Uganda Limited, a microfinance deposit taking institution because it is undercapitalized. In a statement from the deputy governor of the central…
Ugandan supervised institutions (SFIs) that did not meet the revised capital buffers by June 2023, are on course to comply, by the June 2024 final deadline, Bank of Uganda, Uganda’s…
Bank of Uganda (BoU) cautioned the public against any practice that mutilates, defaces, or compromises the integrity of Uganda Shilling currency. This includes the use of currency banknotes in making…
Bank of Uganda recently released its annual report for 2022/2023. The report highlights the central bank’s performance in relation to its major obligation as the guardian of country’s economy. It…
The Commissioner, Land Registration has cancelled 48 leases previously in favour of dfcu Bank held on land belonging to Meera Investments Limited. This follows a High Court finding and subsequent…
The report notes that the “decrease in loan applications is an indication of the lingering effects of the global tight monetary policy implemented since June 2022 that has led elevated lending rates.”
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…
