2 Mins Read BANKING & FINANCE Mercantile Credit Bank Shut Down by BOU2024-06-19By Muindi The Bank of Uganda (BOU) has shut down Mercantile Credit Bank Limited (MCBL). The action, effective immediately, revoke MCBL’s license…
1 Min Read MARKETS Bank of Uganda Says Economic Outlook ‘Extremely Uncertain’ 2020-10-23By Khusoko Uganda’s central bank kept the key policy rate unchanged at seven percent but warned that the “economic outlook is extremely…
2 Mins Read BANKING & FINANCE Why Foreign Banks Do Not Need a Licence to Lend in Uganda2020-10-17By Khusoko Bank of Uganda (BOU) says foreign-based banks do not need its license to lend funds originating abroad. “Bank of Uganda…
