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Analysis & OpinionsNews

IMF: Uganda’s Economic Recovery Remains Slow As Banks & Borrowers Remain Cautious About Prospects

Governor of the BoU, Prof. Emmanuel Tumusiime-Mutebile  A staff team from the International Monetary Fund (IMF) led by Mr. Amine Mati conducted a virtual mission to Uganda from September 27 to October 14, 2021 to discuss the economic outlook, the budget strategy for FY2021/22, and progress with the implementation of

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Analysis & OpinionsICT

National Payment Systems Act: Will New Regulations Deliver Growth In Fintech Sector? 

It’s been thirteen years since the Ugandan payments landscape was disrupted by the First mobile money system. In 2009, MTN Uganda introduced the first mobile money transaction service and today, the sector has grown to more than 170 private players consisting of mobile network operators, commercial banks, non-bank financial institutions,

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BankingNews

Banks Refuse To Write Off Loans, Ask Gov’t To Create Shs1 Trillion Fund For Struggling Private Schools

Wilbrod Owor, Executive Director UBA Commercial banks under their umbrella body, Uganda Bankers Association (UBA) have warned Ugandans against asking financial institutions to write off loans incurred by private school owners, saying pressure should be put on Government to set up a medium term education sector recovery fund of USD300Million equivalent to

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