Recently there was an attack on Bank of Uganda, where over UGX 60 billion was stolen by hackers, which many cyber experts say could have resulted from human error, and it could have been prevented had there been strong cybersecurity mechanisms.

Uganda’s imports from the East African Community region decreased by 2.8% to USD 264.10 million in September 2024, down from USD 271.62 million the previous month. Exports to the region also declined by 1.0% from USD 197.23 million to USD 195.22 million over the same period.

Mercantile Credit Bank Limited depositors with balances of UGX 1 million and below will receive their payment through mobile money.

“All creditors are requested to submit their claims to the office of the Director, Financial Stability, and Bank of Uganda within 30 days from the date the statement was issued, and any person possessing property of Mercantile Credit Bank Limited should deliver it to the director, Finance and Stability, Bank of Uganda.”

Uganda, as a developing country, has been facing persistent challenges in generating enough revenue to meet its financial needs....

The Ministry of Finance, Planning, and Economic Development (MoFPED) is set to launch the second five-year National Financial Inclusion...

The Bank of Uganda (BOU) has cautioned the public against any practice that mutilates or defaces the integrity of...

The Bank of Uganda has tasked traders with embracing efficient electronic financial services to reduce reliance on physical currency...