Stay updated with breaking news from Michael Atingi. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The Uganda Bankers’ Association has issued guidelines on how to mitigate fraud within Uganda’s financial sector, with one of the proposals entailing all commercial banks to blacklist customers, staff and collaborators convicted of fraud. The revelation was made by Sarah Arapta, Chairperson, Uganda Bankers’ Association, while unveiling the Banking Industry Guidelines on Mitigation of Fraud
Kenya and Malawi are the latest countries to surprise the markets with policy tightening, with price inflation and currency weakness remaining concerns in both countries.
The central bank said that it expected economic growth of around 6 percent in the current fiscal year that ends in June.
KAMPALA, Feb. 6 (Xinhua) -- The Bank of Uganda (BoU), the central bank, announced Tuesday that it would maintain its policy rate at 9.5 percent, citing its continued effectiveness in controlling inflation.