Banking
Uganda Sees Rise in Digital Card Payments, Reaching UGX 532 Billion
The landscape of financial transactions in Uganda is rapidly evolving, with digital payment channels gaining significant traction among the population.…
Deposit Protection Fund Struggles with Lack of Depositor Information
The Deposit Protection Fund (DPF) in Uganda is facing challenges due to a lack of information on depositors, according to…
Uganda Development Bank Loan Portfolio Grows to UGX 1.6 Trillion
In 2023, Uganda Development Bank (UDB) reported significant growth in its loan portfolio, reaching 1.6 trillion Shillings, marking a notable…
Pivot Payments Limited Operations Suspended by Bank of Uganda
Bank of Uganda (BoU) announced on Thursday, February 29, 2024, that it had suspended the operations of M/s Pivot Payments…
Palestinian Granted Bail in Absa Bank Fraud Case
Daniel Mariam Tarazi, a Palestinian national, has been released on bail after being charged with conspiracy to defraud Absa Bank,…
Government and PostBank Address Issues with PDM Cash App
Senior officials from the Ministry of Finance and PostBank Uganda Ltd convened in Kampala to discuss pressing issues surrounding the…
