Home > 2026 > January (Page 2)
Banking

Finance Trust Bank Downgrades To A Tier II Credit Institution, To Drop Some Products After Failing To Meet Shs150bn Minimum Capital Requirement

Annet Mulindwa Nakawunde, the Finance Trust Bank Managing Director

Annet Mulindwa Nakawunde, the Finance Trust Bank Managing Director/FTB Photo Finance Trust Bank Limited has transitioned from a Tier I Commercial Bank License to a Tier II Credit Institution License effective 01 April 2026 after failing to meet the Shs150bn minimum capital requirement, Business Focus reports. In a statement dated

Read More
AgribusinessAnalysis & Opinions

Uganda’s Coffee Roadmap: Aiming for 20 Million Bags by 2030 with Youth Leading the Charge

By Aloysious Ssendegeya Uganda stands as Africa's largest coffee exporter and the world's eighth-largest by volume, with coffee serving as a cornerstone of its economy. The crop supports approximately 1.8 million households, contributing significantly to foreign exchange earnings and rural livelihoods. In 2017, the defunct Uganda Coffee Development Authority (now

Read More
News

Auditor General’s Office Seeks UGX94.8bn To Hire Extra Staff, Purchase New Vehicles & Carry Special Audits Into PDM, Oil Activities

Edward Akol, Uganda's Auditor General The Office of the Auditor General (OAG) wants UGX94.819Bn to hire extra staff to deal with the Office’s expanding mandate, purchase new vehicles and carryout specialised audits into the Parish Development Model and oil and gas extractives. The request was made by Stephen Katerega, Assistant

Read More
Analysis & OpinionsBanking

Why MoMO Withdrawal Charges, Bank To Wallet Electronic Cash Movement Are Expensive

MTN MOMO's Yego upbeat about impact of National Payments Switch on electronic cash transactions Mobile Money platform operators are demanding for government intervention in the industry’s challenges to ensure that the services are affordable, both to the customers and the companies. Mobile money services are considered more expensive than in

Read More