High Court’s Commercial Division has dismissed a bid by businessman and former property developer, Sendyona Mukasa Edward to be declared bankrupt, paving the way for Eq...
At the heart of Uganda’s Commercial Court sits a quiet crisis with far-reaching economic consequences: 623 unresolved banking cases locking up an estimated UGX 2 trilli...
Finance Trust Bank has applied to surrender its Tier I commercial license in favor of Tier II status effective April 1. The move follows a Bank of Uganda notice as the le...
Post Bank has said that its staff colluded and put fake currency in its branch in Mbale.This week, the bank confirmed that its internal control mechanism had discovered c...
The Parliament has passed a law mandating the Minister of Finance to prescribe a maximum interest rate that money lenders may charge their borrowers. Not surprisingly, th...
The Deposit Protection Fund of Uganda (DPF) has asked depositors of the closed EFC Uganda and Mercantile Credit Bank who have not picked their money to make necessary arr...
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 i...
