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Ugandan Banks Succumb To Central Bank Pressure To Drop Charges On Early Loans Repayment

by Muhereza Kyamutetera
Bank of Uganda's Deputy Governor, Dr. Michael Atingi-Ego (left) and Executive Director, Bank Supervision, Dr. Tumubweinee Twinemanzi have consistently campaigned for reduced cost of money

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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About the Author

Muhereza Kyamutetera is the Executive Editor of CEO East Africa Magazine. I am a travel enthusiast and the Experiences & Destinations Marketing Manager at EDXTravel. Extremely Ugandaholic. Ask me about #1000Reasons2ExploreUganda and how to Take Your Place In The African Sun.

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