Banking & Savings

London, May 17, 2024 — Moody’s Ratings (Moody’s) has today downgraded the Government of Uganda’s long-term foreign-currency and local-currency issuer ratings to B3 from B2 and changed the outlook to …

Nairobi Monday 13th May 2024 After reporting a 5% decline in profit after tax for the year ended 31st December 2023, Equity Group Holdings has bounced back recording strong 1st …

After four months since EFC Uganda Limited shut down, 24% of depositors whose deposits are under the Shs 10 million insurance limit have not been paid. The Bank of Uganda, …

With immediate effect, mobile money agents throughout the country will begin requesting a valid national identity card from customers before processing transactions exceeding Shs1m on the platform, as per a …

As part of the build-up to its 60th anniversary, dfcu Bank held a stakeholder breakfast at the Sheraton Kampala Hotel on April 16, 2024, to celebrate and explore partnerships that …

Savings and Credit Cooperative Organizations (SACCOs) have been instrumental in positively influencing the lives of a vast number of Ugandans. Notably, SACCOs have significantly mitigated the financial exclusion experienced by …

Output and new orders contract Input costs rise amid higher purchase prices and wage bills Firms remain confident in the outlook as employment grows

The National Social Security Fund (NSSF), Uganda’s national savings scheme, has hit Shs. 20 trillion in Assets Under Management, one and a half years ahead of schedule, according to the …

According to the recently released Bank of Uganda monetary policy statement, Uganda’s economic growth is projected to perform at ranges of 5.5%-6.5% in the short-to-medium term premised on the projected …