Banking & Savings

Recent news reports that a Member of Parliament had been whisked away to civil prison for delaying to complete payment of a loan from a money lender instantly caught public …

Uganda’s economic reconstruction and recovery efforts over the last three decades have yielded impressive structural shifts. In the 1980s, agriculture was the mainstay of over 50% of the population and …

Treasury Bills and Bonds, also known as Government securities, are debt instruments issued by the Government through the Bank of Uganda when borrowing from the public. There are different types …

On October 18, 2022, Catholic church-owned Centenary Rural Development Group, the holding group of Centenary Bank and the Catholic Archdiocese of Lilongwe acquired 100% shareholding in MyBucks Banking Corporation, Malawi. …

Financial Literacy became a major public policy concern in advanced, developing and low-income economies in the aftermath of the global financial crisis. Limited knowledge of Financial Literacy was identified as …

The National Development Plans (NDPs) identify priority sectors and key public and private implementation partners that should drive the achievement of the country’s strategic goal of attaining middle-income status by …

Uganda’s retirement savings organisation, the National Social Security Fund (NSSF) has declared an interest rate of 9.65% for its members for the year ended June 30, 2022. This year’s interest …

The Financial Intelligence Authority (FIA) is Uganda’s national centre for the receipt of financial data, analysis and dissemination of financial intelligence to competent authorities. FIA was established by the Anti-Money …

In 2015, Uganda was named the country with the highest number of entrepreneurs per capita globally. With most of these being small enterprises, access to affordable financing impedes business growth. …