Tag: Financial institutions

The kidnappers held her captive for nearly three weeks, demanding up to $1 million before accepting about $200,000 (approximately UGX 700 million). During her captivity, they cut off two of her fingers and sent them alongside a video of her pleading for help to pressure her family into paying the ransom.
Akena referred to historical statements by President Museveni acknowledging the destruction of food supplies and the destitution of about 2.7 million people during that period. He argued that the loss of cattle deprived communities of daily nutrition, household income, school fees, draft power, and soil fertility, leaving effects that continue to be felt today.

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. 

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.

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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