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Uganda increases minimum capital requirements for banks by 500%

Uganda's Finance Minister, Matia Kasaija (left) and the Central Bank Acting Governor, Dr. Michael Atingi-Ego.

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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