Following the approval of its new structure, the Bank of Uganda has made changes in its management structure as well as key changes in its top management.In the changes, David…
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To guide and accelerate the standardised adoption of Environmental Social Governance (ESG) best practices, the Uganda banking industry, under the Uganda Bankers’ Association (UBA), has launched and committed to jointly…
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Moody’s Ratings (Moody’s) one of the global leaders in credit ratings for companies, governments has downgraded the Government of Uganda’s long-term foreign-currency and local-currency issuer ratings to B3 from B2…
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This week, starting on December 1st 2023, millions of Ugandan borrowers from Supervised Financial Institutions (SFIs) have cause to smile. The SFIs, under their Uganda Bankers Association (UBA), will cease…
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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 letter…
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Salaam Bank, formerly Top Finance Bank, has become the first financial institution in Uganda to be granted a license by the Bank of Uganda to offer Islamic Banking services. This…
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Uganda’s Minister of Finance, Planning and Economic Development, Hon. Matia Kasaija, on 16th November 2022 signed a ministerial instrument, increasing the minimum capital requirements for banks by 6 times or…
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In a bid to curtail inflation, the government of Uganda, through the Bank of Uganda (BoU) has increased the Central Bank Rate (CBR) by 1 percentage point to 8.5%.At the…
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The National Social Security Fund (NSSF) in partnership with Visa and Centenary Bank has today unveiled a three-in-one social security smart card which embeds NSSF functionality, bank functionality and a…
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