Tag: Bank of Uganda
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...
BOU Rejects start of the Central Shari’ah Advisory Council on Islamic Banking
The establishment of the Central Shari'ah Advisory Council on Islamic Banking has been opposed by the Bank of Uganda (BOU) citing absence of scholars...
Chinese Man Arrested for BLQ Sports Fraud
The Criminal Investigations Directorate (CID) has today, June 23, 2023, arrested a 43-year-old Chinese resident of UCB Zone in Bukoto 1, Nakawa Division in...
Uganda Suspends Conversion of Kenya Shillings
Following a decision that came in as an order to withdraw the circulation of the KShs 1000note by October 1, Uganda has joined Tanzania...