Islamic Banking: All you need to Know
On Friday 08th September 2023 the Bank of Uganda issued the first-ever Islamic Banking License to Salaam Bank Limited. This follows President Yoweri Museveni’s signing of the Financial Institutions (Amendment)…
On Friday 08th September 2023 the Bank of Uganda issued the first-ever Islamic Banking License to Salaam Bank Limited. This follows President Yoweri Museveni’s signing of the Financial Institutions (Amendment)…
The closure of Teefe Bank, Greenland Bank, and Crane Bank had a significant impact on the Ugandan banking sector. They led to a loss of confidence in the banking sector…
Just a month after President Yoweri Museveni assented to the Financial Institutions (Amendment) Act 2023 to clear all the legal roadblocks to the commencement of Islamic banking products in Uganda,…
As Uganda aims to position itself at the forefront of the global giants in electric vehicle industry and realize a vision of e-mobility through Kiira Motors Corporation, President Yoweri Museveni…
The use of internet in Uganda soared from 91.4 million gigabytes (GBs) in March 2022 to 138.5 million GBs in March 2023, making a remarkable 51% surge, according to the…
By Presidential CEO Forum The 8th issue of the Uganda State of the Economy offers insights into key economic indicators such as inflation, exchange rates, interest rates, domestic credit, trade…
When a mobile money account remains dormant for 15 months, the telecommunications company initiates a process to transfer the money on that account to Bank of Uganda. This action is…
By David Birungi. The year 1995 is etched in Uganda’s contemporary history in many different ways. I will stick with only two because less is more. I don’t know where…
Uganda’s trade imbalance with the rest of the world has narrowed by 32.2% both on a monthly and annual basis, the Ministry of Finance has reported. The Ministry’s monthly economic…
Butambala County Member of Parliament, Muwanga Kivumbi has been granted leave of Parliament to present a modification to the Public Finance Management Act 2015. This amendment primarily suggests that any…