Banking & Savings

The Managing Director Uganda Development Bank Limited (UDBL) Patricia Ojangole, has been named Sustainability Leader of the Year 2023 during the Karlsruhe Sustainable Awards ceremony; for the third me in …

Parliament on Thursday passed the Income Amendment Bill and the Foreign Exchange Amendment Bill to pave way for the implementation and operationalization of Islamic banking financial products by commercial banks, …

The Inspectorate of Government (IG) has ordered former Managing Director of the National Social Security Fund (NSSF), Richard Byarugaba and former Director of Finance, Stevens Mwanje to jointly refund 5 …

The National Social Security Fund (NSSF) has earned a total of Ushs 31.5 billion as dividends for the year ended December 31, 2022, from its investment in MTN Uganda. NSSF …

A recent report by the Uganda Bankers’ Association (UBA) sheds light on the gender distribution within the banking sector. The findings reveal that women constitute the majority of employees, indicating …

Government has revised the 2023/2024 financial year budget to Shs52 trillion from Shs51 trillion.  This was contained in the corrigenda to the budget for Financial Year 2023/2024 that was laid …

According to the Stanbic Purchasing Managers Index (PMI), the start of the second quarter of 2023 saw a rise in employment as Uganda’s private sector recorded increased output and new …

The National Social Security Fund (NSSF) has  announced an extension of the mandatory registration for employers to June 30, 2023, following requests from small and medium enterprises. Non-compliant employers will …

The currency structure of Uganda consists of banknotes and coins and is denoted in Uganda Shilling (UGX).  The following denominations are currently in circulation: Banknotes   UGX 1,000 UGX 2,000 …