Bank of Uganda and the National Treasury embarked on this move to protect local banks from economic headwinds. Three banks had not met the Shs150 billion core capital requirements by December 2023.

Kampala — ALLIED Bank International Uganda Ltd has changed its name and identity to Bank of Africa Uganda Limited. The change of name follows the recent acquisition of 46% shares by Bank of ...

The Bank of Uganda had said late on Thursday it was awaiting a police investigation into a news report that offshore hackers stole 62 billion Ugandan shillings ($16.8 million) from the central bank.

Uganda’s shilling, the world’s worst-performing currency in 2011, is set to extend its decline to the lowest in 18 years by the end of the week against the dollar as companies buy the currency ...