Tag: Financial institutions

Tooro Succession Dispute Deepens as Ababiito Declare New King

National News
The dispute now places Tooro at a delicate crossroads between customary authority and Uganda’s legal framework. Omusuuga Kamurasi has called for respect for tradition and the law, while President Museveni has called for peace and unity among the Batooro.

U.S. Announces More Than $150 Million in Support at Pacific Islands Forum

International
On commercial diplomacy, the United States is shifting assistance toward private-sector-led growth, including efforts with Australia, Japan, New Zealand and Taiwan to connect every Pacific Islands Forum country to a trusted undersea cable network. A second Pacific Investment Summit is scheduled to be hosted in early 2027.
Business

BOU Implores Financial Institutions to Combat Rising Fraud Threats

Fraud threatens the continuity of financial institutions, could lead to the loss of their capital, and undermines the integration of the financial system. 
Business

MERCANTILE CREDIT BANK CLOSURE: DPF Commences Repayment of Depositors

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

BOU to Raise Minimum Paid-up Capital by Commercial Banks,...

The Bank of Uganda (BOU), which supervises and regulates financial institutions in Uganda including the commercial banks and credit...

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