Financial Trust Bank Archives

What next for Uganda’s undercapitalised banks?

by Muhereza KyamuteteraIndustry & Analysis The Big StoryMay 8, 2023January 18, 2024

On the 16th of November 2022, the Financial Institutions (Revision of Minimum Capital Requirements) Instrument 2022 was signed into law by Uganda’s Minister of Finance, Planning and Economic Development (MFPED), Hon. Matia Kasaija. The instrument increased the minimum capital requirements for banks by 6 times or 500% from UGX25 billion…

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