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Compulsory COVID-19 Testing For All Incoming Passengers Set To Commence

President Yoweri Museveni was accompanied by PM, Robinah Nabbanja to launch the COVID-19 laboratories at Entebbe International Airport The President of Uganda, H.E. Yoweri Kaguta T. Museveni on Friday, October 22, 2021 officially launched the COVID-19 laboratories to be used for mandatory Covid-19 testing of all incoming passengers through Entebbe International Airport  at

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Analysis & OpinionsBankingICT

Mobile Money Transactions Hit Record Shs113 Trillion -BoU Report

Mobile money transactions  hit a record Shs113.38Trn in Financial Year 2020/21, the Bank of Uganda 2021 Annual report has revealed. The Central Bank Governor Prof. Emmanuel Tumusiime-Mutebile says that in accordance with the provisions of the National Payment Systems Act 2020, each of the companies received a Payment Systems Operator (large funds transfer)

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BankingEducation

Education Sector Loan Portfolio Stands At Shs2 Trillion As COVID Hits Schools Hard

The Executive Director of Uganda Bankers’ Association (UBA), Wilbrod Humphreys Owor says that the total direct school loan portfolio is currently 1.3 trillion Shillings and this includes institutional and personal loans and the accumulated interest. He adds that their records also indicate another 600 billion debt under private sector institutions

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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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