Billions Locked in Deceased People’s Mobile Money, Bank Accounts
Billions of shillings lie unclaimed in Uganda due to slow legal processes that delay access to mobile money and bank accounts.
Tag: Bank of Uganda
Dr. Kasekende to Keynote Powerful Book Launch on Leadership Legacy
Dr. Robin Kibuka’s book launch sparks national dialogue on values, legacy, and ethical leadership. Dr. Kasekende to keynote.
Uganda’s Banks Form United Front After Shs72B Cybercrime Loss
Uganda forms anti-fraud consortium to combat cybercrime after losing Shs72 billion to financial fraud in 2024.
Ugandan Banks Flock to Government Bonds, Squeezing Private Sector Credit
Banks in Uganda are prioritizing government securities over private lending, raising concerns about credit access for businesses.
Uganda’s Public Debt Hits Shs 106 Trillion Amid Rising Domestic Borrowing
Uganda’s public debt has surged to Shs106 trillion, driven by increased domestic borrowing and efforts to clear outstanding obligations.
Uganda Strengthens Financial Integrity, Exits FATF Grey List
Uganda exits the FATF grey list after implementing legal reforms and strengthening financial oversight in its fight against money laundering.
Dfcu Bank Launches ‘Xclusive Banking’ for Uganda’s Elite
Dfcu Bank rolls out premium ‘Xclusive Banking’ for high-net-worth clients, offering bespoke financial services and exclusive perks.
South Sudan Dethrones Kenya as Uganda’s Top Export Market
South Sudan overtakes Kenya as Uganda’s largest export market, with $55.9M in January 2025. Cement, sugar, and cereals lead the charge.
Shs53 Billion Heist: BoU Assistant Commissioner Freed on Bail
Assistant Commissioner Pedson Twesigomwe, accused in a Shs53 billion Bank of Uganda scandal, walks free on Shs25 million bail. MPs back him as sureties.
Bank of Uganda Starts Regulating SACCOs: A New Era for Financial Oversight
Bank of Uganda begins regulating large SACCOs, issuing licenses to ensure financial stability. The benefits, challenges, and industry reactions.
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