Tag Archives: deposits

Kampala, Uganda | THE INDEPENDENT | The Deposit Protection Fund-DPF, is moving towards instant payment of depositors in case a bank closes, under the digitization program objectives of the fast-growing fund. Currently, the Fund is confident they can start compensating depositors ‘in the unlikely event of a bank closing, a month …

Kampala, Uganda | THE INDEPENDENT | SACCO savers are set to get relief from the rampant losses due to group dissolution or liquidation as well as closures for any reason, as the government is set to implement a fund to secure their savings with different SACCOs in the country. The SACCO …