Saturday , July 2 2022
Home / Tag Archives: BOU (page 5)

Tag Archives: BOU

More borrowers seek credit from banks

The second wave of the pandemic pose downside risks to credit growth Kampala, Uganda | JULIUS BUSINGE | Banks have recently received more loan applications and extended more credit to borrowers amidst the coronavirus pandemic. This is good for jumpstarting the economy that has been hit by COVID-19 lockdowns. Till …

Read More »

BOU: Mobile money transfer will add value to money

Kampala, Uganda | THE INDEPENDENT | Mobile Money services have now been completely detached from the regulation of the Uganda Communications Commission to that of the Bank of Uganda (BOU), amidst questions and fears from the customers. Last month, the Bank of Uganda started implementing the National Payments System Act …

Read More »

Economy at crossroads

Can Mutebile’s latest announcement and government spending plan save the economy hurt by coronavirus lockdowns? | JULIUS BUSINGE | On June 16, Bank of Uganda Governor, Emmanuel T. Mutebile made a big announcement that many pundits believed would boost economic recovery. For the first time in many months, Mutebile cut …

Read More »

Banks post third profit decline in 10 years

Several potential vulnerabilities remain related to the pace of the economic recovery and its effect on the income and loan repayment capacity of firms and households Kampala, Uganda | ISAAC KHISA | Uganda’s commercial banks recorded the third drop in full year profits in 10 years weighed down by increased …

Read More »

KCB Uganda to handle Airtel Money cash

The partnership will enable customers borrow mobile loans for as low as Shs300 and earn interest on savings for as high 9%, respectively Kampala, Uganda | ISAAC KHISA | Telecom operator, Airtel Uganda, has appointed KCB Uganda as a trust account holder for its mobile financial services Airtel Money in …

Read More »

What does separation of mobile money from telecoms mean?

Kampala, Uganda | THE INDEPENDENT | Starting June 1st, Ugandans will have mobile money transactions run by companies separate from the traditional telecoms that have been operating the business. This follows the licensing of three companies to operate mobile money services in Uganda including MTN Mobile Money Uganda Ltd and Airtel Mobile …

Read More »