Tag: BANK OF UGANDA - BoU
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Bank of Uganda Suspends License of Pivot Payments
The Bank of Uganda has decided to revoke the license of M/S Pivot Payments as both a Payment Service Provider and a Payment Systems...
Nigeria’s Access Bank Set to Acquire 80% Stake in Uganda’s Finance Trust Bank
Nigeria’s Access Holdings will acquire a 80 percent stake in Uganda's Finance Trust Bank Ltd in a transaction that will be closed in the...
Why Uganda Shilling is the Strongest in East Africa
The Uganda Shilling ended the year 2023 on a stronger note, having stabilized against the US Dollar, and did better than its peers in...
BoU Maintains High Interest Rate as World Bank, Govt Negotiate Loans
The Bank of Uganda has decided to maintain the Central Bank Rate (CBR) at a high of 9.5 per cent despite further drops in...
MUST READ! What Happens to Unclaimed Money on Deceased Individuals’ Mobile Money Accounts?
When a mobile money account remains dormant for 15 months, the telecommunications company initiates a process to transfer the money on that account to...