BoU Closes Mercantile Bank
The Central Bank of Uganda has in the exercise of its powers under Sections 99 and 17 (b) and (f) of the Financial Institutions Act, 2004 announced the closure of ...
Tag: Bank Of Uganda
BoU Urges Commercial Banks To Strengthen Their Management Systems To Avoid Risks And Fraud
The Bank of Uganda has urged commercial banks to strengthen their risk management systems to mitigate cyber risks and fraud. Hannington Wasswa, the director of Commercial Banking at the Bank ...
Bank Of Uganda To Implement National ID Use For Mobile Money Withdrawals
Uganda's recent move to tighten mobile money regulations has sparked both applause and concern among citizens and experts alike. The directive from the Bank of Uganda stipulates that customers must ...
BoU Mandates National ID Verification For Transactions Over Shs1 Million
In response to a surge in mobile money-related fraud, the Bank of Uganda has instituted new regulations necessitating customers conducting transactions of Shs1 million or more to present their national ...
BOU Scraps Off EFC Uganda Limited License
Bank of Uganda (BoU) has announced the liquidation and revocation of EFC Uganda Limited’s license. EFC, a microfinance institution that was licensed and supervised by the Bank of Uganda has ...
