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BoU explains new rule for customers sending, withdrawing shs1m on mobile money to present national IDs
Bank of Uganda has explained the new rules that require customers carrying out transactions involving Shs1 million or more to...
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Equity Bank Kenya loses shs5.2bn in ATM fraud
A total of 551 Equity Bank-Kenya account holders had a field day at the automated teller machine (ATM), withdrawing up...
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291 businesses to benefit from UDB’s inaugural incubation program
Uganda Development Bank (UDB) has launched its incubator program under Enterprise Development Product (EDP) designed to prepare enterprises to become...
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Absa Bank posts shs146bn in profit after tax
Absa Bank Uganda has released its financial results for the year ended December 2023 in which it indicated that it earned shs146 billion in...
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New tax proposals could see decline in revenues, alcohol sector players warn gov’t
Alcholo sector players have warned that once passed by parliament, the new tax proposals in the Excise Duty (Amendment) Bill...
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BoU asks URSB to deregister Crane Bank
The Central Bank of Uganda has written to the Uganda Registration Services Bureau(URSB) asking it to deregister the defunct Crane...
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Airtel pays shs34.8bn in statutory levy to UCC
Telecom giants, Airtel Uganda have paid shs34.8billion to the Uganda Communications Universal Service and Access Fund for the year 2023...
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Alumni from NSSF’s career expo save shs35.5bn in 10 years
Over 44,700 young people who enrolled with NSSF as university students have saved over shs35.5 billion over the last 10...
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Prices expected to go up as gov’t proposes new taxes on cement, fuel
Ugandans should brace for the worst in terms of increased prices after government proposed new taxes on cement and fuel...
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Stanbic Bank appoints Sam Mwogeza as interim CEO
Stanbic Bank Uganda has announced the appointment of Samuel F Mwogeza as its interim Chief Executive Officer effective April, 1,...
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