Banking

President Museveni Launches Uganda’s first ever Islamic Banking Institution

President Yoweri Kaguta Museveni has launched Salaam Bank, Uganda's first ever licensed Islamic Banking institution. Islamic banking is a form…

Saccos: The Tax Free Haven Under Siege by IMF

So, let’s talk about taxes. You know, those things we all love to hate but can’t escape from, like that…

Gen Kayihura Voices Regret Over Unsuccessful Police Sacco Venture

Former Inspector General of Police (IGP), Gen Kale Kayihura, shared his sentiments of frustration regarding the establishment of a Sacco…

Fort Portal Welcomes Wazalendo SACCO’s Cash Operating Branch

Wazalendo Savings and Credit Cooperative Society (WSACCO) recently inaugurated a new branch in Fort Portal City, Kabarole District, marking a…

Uganda Microfinance Authority Suggests Changes in Money Lenders’ Loan Terms

The Uganda Microfinance Regulatory Authority (UMRA) is advocating for significant changes in the conventional loan structures employed by money lenders,…

Museveni Champions Creation of African Investment Bank

President Yoweri Museveni has proposed the inception of an African Investment Bank. The plan was unveiled during a meeting led…