Bank of Uganda has closed EFC Uganda Limited, a microfinance company due to poor financial standing. The action is based on Sections 72 (1) and 12 (1) (d) & (g) of the Microfinance Deposit-taking Institutions (MDI) Act, 2003 as amended. BOU’s decision which also places EFC Uganda Limited located on Kira Road under liquidation also revoked […]
Centenary Group, the parent company to the leading commercial microfinance bank in Uganda, Centenary Bank, on Saturday celebrated its 40th anniversary with a lavish event to commemorate its four-decade impact on the Ugandan financial sector. Having transformed from a small credit trust in 1983, Centenary Group stands as one of a few financial giants in […]