Banking
EFC Uganda Closes Service Centers to Enhance Efficiency and Expand Banking Services
EFC Uganda announced its strategic decision to close five of its business service centers as part of an effort to…
Centenary Bank Named Best Bank of 2023 at 30th Global Finance Awards
In a recent ceremony held at the 30th Global Finance Awards in Marrakech, Morocco, Centenary Bank was presented with the…
Ugandan Fintechs Grapple with Financing
Financial technology (Fintech) companies are encountering difficulties in obtaining capital for business expansion, as per a report from the Financial…
Mobile Money Loans Reach Record Monthly Lending of UGX 31 Billion
Mobile Money subscribers borrowed UGX 31.44 billion in August, as reported by the Ministry of Finance. These loans, characterized by…
More Than 2,000 Farmers Access Non-Collateralized Loans from Bank of Uganda
In a recent report from the Agricultural Credit Facility, it was revealed that more than 2,113 farmers accessed low-cost loans…
Kenyan Shilling Deemed Overvalued by Central Bank Chief
Kenya's central bank governor, Kamau Thugge, stated that the country's currency, which is currently trading at historically low levels, has…
