Tag: Financial institutions

High Court Gives Attorney General Two Weeks to Report on Sam Mugumya’s Whereabouts 

Court
Mugumya, a former aide to former presidential candidate Dr. Kizza Besigye, has previously been at the center of politically charged cases. His latest case comes at a time of heightened scrutiny over reports of enforced disappearances and prolonged detention without trial.

Uganda-Kenya Tourism Summit Opens in Mombasa, Calls for Seamless Cross-Border Travel

Regional
Ambassador Ssentongo reaffirmed Ugandan government’s commitment to strengthening cross-border tourism cooperation, noting that tourism is central to the country’s Ten-Fold Growth Strategy, which aims to grow the economy from US$50 billion to US$500 billion by 2040. He called for practical, time-bound solutions to trade barriers affecting tourism and regional business competitiveness.
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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