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BoU closes EFC Uganda Limited

BoU closes EFC Uganda Limited

Bank of Uganda (BoU) has placed EFC Uganda Limited, a microfinance deposit-taking institution, under liquidation, revoked its license, and ordered for the winding up of its affairs in the country.According to Michael Atingi-Ego, the deputy Bank of Uganda governor, the decision to close EFC

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Navigating January Finances: Overcoming financial challenges in Uganda

Navigating January Finances: Overcoming financial challenges in Uganda

The month of January often presents financial challenges for many individuals and families around the world, and Uganda is no exception. The aftermath of festive season spending combined with the anticipation of school fees, rent, and other obligations can le

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MPs Question Viability of Increased Budget for Uganda Airlines

MPs Question Viability of Increased Budget for Uganda Airlines

Members of the Budget Committee in Parliament are seeking detailed justification from the government regarding the proposed increase in the budget allocation for Uganda National Airlines in the upcoming 2024/2025 financial year. The request follows concerns raised during a presentation by Hon. To

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