News
Uganda: MTN partners Uganda Bourse to digitalize opening of securities accounts
MTN Uganda has signed a partnership agreement with the Uganda Securities Exchange (USE) to provide a digital platform for opening securities accounts, making ...
News
Uganda: BoU Withdraws Appeal Against Sudhir
Bank of Uganda has withdrawn an appeal in their case – Crane Bank (In Receivership) against Sudhir Ruparelia and Meera Investments Limited. “Take ...
News
Uganda: Bou Explains Why Money Can’t Be Printed Locally
Bank of Uganda officials yesterday told Parliament that Uganda can’t afford to print its own currency because the “process is sophisticated and therefore ...
News
Uganda: Regulator Sets Tough Terms Before Africell Exits Uganda
Africell Uganda is not only seeking to end its loss making and debt-ridden business, it has less than a month to come up ...
News
Uganda: Africell to shut down Uganda operations
Mobile operator Africell, announced it was ending operations in Uganda where it has faced tough competition from the local units of African telecom ...
Startup
Uganda: E-logistics startup Ridelink secures $150,000 in pre-seed funding
Ridelink, a Uganda e-logistics startup has raised $150,000 in pre-seed funding in a round jointly led by Ortus Africa Capital (an investment advisory firm), the Omidyar ...
Regulatory
Uganda: Bou Issues Tough Rules for Bankers
Bank of Uganda (BoU) plans to increase the paid-up capital requirements of financial institutions in the country in a move that could make ...
Regulatory
Uganda: Economy Not Recovering Soon – Bank of Uganda
The second wave of COVID-19 appears to have hit the economy severely and dimmed prospects for a quick recovery, according to the latest ...
Regulatory
Uganda: Non-Performing Loans Increase to 5.4 Per Cent
Bank of Uganda has said commercial banks’ asset quality declined slightly, with the share of non-performing loans increasing to 5.4 per cent from ...
Regulatory
Uganda shuts down 2.2 million mobile money accounts
The Uganda Communications Commission (UCC) has revealed in its Market Performance quarterly report that about 2.2 million inactive mobile money accounts were removed ...