Tag: Bank of Uganda
BOU Directs Mobile Money Agents to Demand IDs for Transactions over UGX 1M
Mobile Money agents have been directed by the Bank of Uganda (BoU) to request a valid identity card (ID) from customers who perform transactions...
Financial Markets Index: Uganda’s Ranking Elevates from Fifth to First in EAC
The managing director of Amalgamated Banks of South Africa Limited (ABSA), Mumba Kalifungwa, has said Uganda has progressively improved in the Africa Financial Markets...
Bank of Uganda Revokes License of EFC Uganda Limited
The Bank of Uganda (BOU) effective today, January 19, 2024, placed EFC Uganda Limited under liquidation, revoked its license, and ordered the winding up...
World Bank Projects Growth in Uganda’s Economy with Significant Reduction in Poverty Levels
Uganda’s economic growth is expected to accelerate to above 6% in 2024 as the Bank of Uganda (BOU) eases monetary policy and the government...
How secure is clients’ money in banks, Is it still safe to save with banks?
Centenary Bank's management released a statement on October 18, 2023, acknowledging fraudulent activities in one of their clients' accounts. The fraud was carried out...
A Description of the Special Features and Symbols on Ugandan BanknotesÂ
It is no news that Uganda is a deeply rooted country in culture and nature. This is also depicted on Ugandan bank notes. The...