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Banking
Economy
BoU releases more information on EFC Uganda depositor payout
Bank of Uganda on Tuesday released more information on how depositors of the liquidated microfinance EFC Uganda Limited can access their funds
January 24, 2024
Banking
Economy
Strong economy to boost bank lending, deposits in 2024, says BMI
Improved economic conditions and lower lending rates are expected to increase demand for bank credit, in contrast to last year when loan growth slowed
January 23, 2024
Banking
Companies
Economy
Bank of Uganda shuts down EFC Uganda, takes control
Bank of Uganda shut down the microfinance institution on Friday, citing failure to meet minimum capital requirements and 'poor corporate governance'
January 19, 2024
Banking
Two top 100 African bank rankings, same two Ugandan banks
Two rankings of the top 100 African banks in 2023 feature the same two banks from Uganda, both of which also place in the top ten for profitability
October 10, 2023
Banking
Economy
BoU deputy governor’s speech at the launch of Islamic banking in Uganda
Deputy governor says Islamic banking will promote financial inclusion and expand product range
September 12, 2023
Banking
BoU grants Salaam Bank first Islamic finance licence
Salaam Bank Ltd was granted Uganda's first Islamic banking licence, weeks after the president assented to the final piece of legislation paving way for the banking method
September 10, 2023