The Protection of Sovereignty Bill, 2026 has sparked intense debate, with critics warning it could disrupt Uganda’s financial architecture, even as supporters argue it is necessary to shield national interests in an evolving global landscape. The Governor of the Bank of Uganda, Michael Atingi-Ego, has told Parliament that the central bank was never consulted during […]
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 […]