Bank of Uganda
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National News
Digital payments surge as cheque usage declines in Uganda
As Uganda’s banking landscape continues to evolve, more and more Ugandans are opting for digital payment methods over traditional cheque…
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Finance
BOU lowers lending rate amid signs of economic recovery
In a strategic move aimed at fostering economic growth, the Bank of Uganda has reduced the Central Bank Rate (CBR)…
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Business
How banking success is transforming Ugandans’ lives.
As Uganda’s commercial banking sector celebrates an impressive Shs 4.5 trillion growth, the ripple effects are being felt far beyond…
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Finance
BOU closes Mercantile Credit Bank over financial instability
The Bank of Uganda (BOU) has closed Mercantile Credit Bank Limited (MCB), a tier II financial institution, due to severe…
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Finance
Access Bank to acquire 80% stake in Finance Trust Bank
Finance Trust Bank (FTB) and Access Bank PLC (Access Bank) have announced the signing of a definitive agreement for Access…
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Finance
BOU liquidates EFC Uganda,orders winding up of affairs
Bank of Uganda (BoU) has effective January 19,2024, placed EFC Uganda Limited under liquidation, revoked its license, and ordered for…
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Business
Why BoU maintained December lending rate at 9.5 percent
Bank of Uganda has maintained the Central Bank Rate (CBR) at 9.5%, Charmar News has learnt. According to the Central…
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Business
National Financial Inclusion Strategy II to empower marginalized groups
Finance Minister Matia Kasaija has launched the second national financial inclusion strategy (NFIS II) 2023-2028 at Four Points by Sheraton,…
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News
Bank of Uganda cautions florists against using Ugandan currency in making bouquets
Bank of Uganda has issued a warning to all Florists, designers, gifting stylists, and their clients against using Ugandan money…
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Finance
Uganda Bankers Association launches program to promote growth of women in banking and finance
The Uganda Bankers Association (UBA) has launched the Women Economic Empowerment Initiative (WEEI), a program that will serve as a…
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