Banking
World Bank to Reduce Delays in Funding Projects for Member States
World Bank to Expedite Fund Release Process for Member State Projects Monday, October 16, 2023 The World Bank has pledged…
Financial Technology Companies Fail to Comply with Bank of Uganda
Government Weighs New Regulations for Fintech Industry The Bank of Uganda (BOU) has raised concerns about financial technology companies (fintechs)…
Uganda Grapples with Rising Debt Repayment Challenges
In recent times, many people in Uganda are holding onto their money and avoiding taking out loans or making investments.…
Timiza by Absa Raises Transaction Limits
Absa Bank Kenya has raised the daily transaction limit on its mobile platform, Timiza, from Sh300,000 to Sh500,000. Additionally, the…
AfDB Greenlights Fertilizer Project for Ugandan Farmers
The Board of Directors of the African Development Bank Group has given the green light to a project aimed at…
Bank Branches and ATMs Decline in Uganda as Digital Banking Surges
A recent survey conducted by the International Monetary Fund (IMF, covers six years up to 2022) revealed a decrease in…
