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14/10/2023

The Bankers Gala will climax tomorrow Sunday 15/10/2023.
We will capture all the moments.

We published July Edition of our Journal. To get copies call + +256392-157-611, or Send Watsapp to +256701-044-419
28/08/2021

We published July Edition of our Journal. To get copies call + +256392-157-611, or Send Watsapp to +256701-044-419

Patricia Amito, Head Communication & Corporate Affairs at Uganda Bankers Association advises all bank customers to appro...
30/07/2021

Patricia Amito, Head Communication & Corporate Affairs at Uganda Bankers Association advises all bank customers to approach their individual banks and discuss the modalities embedded in loan rescheduling. She says the banks cannot treat the matter generally because the different loans have different terms and conditions.


Head Communication & Corporate Affairs advises bank clients to approach banks and discuss way

Mr. Kisirinya Francis, Deputy ED observes that over 3 million people risk losing jobs in case the lock down is extended...
27/07/2021

Mr. Kisirinya Francis, Deputy ED observes that over 3 million people risk losing jobs in case the lock down is extended and GDP is slated to reduce due to further lower economic activities.

14/07/2021

Government has so far remitted the shs 100,000 COVID 19 relief cash to about 210,000 across Uganda. This means about shs 21billion has so far been remitted. However the Prime Minister Hon. Nabbanja Robinah in a press conference said the exercise will be extended by one week.
BankersNestReport

07/07/2021

Government has released shs 32.2 bn to nurses and mid wives union. This was confirmed by Usher Owere, Chairman National Organization of Trade Unions.

03/07/2021

According to Tax Procedure Code (Amendment) Bill 2021, no licence shall be issued for purposes of conducting any business in Uganda to anyone unless they have Tax Identification Number (TIN).

01/07/2021

According to Ibrahim Kalule, Publicist Uganda Insurance Association, Life insurance is the fastest with a 20% hike up from shs 275 billion to shs 328 billion in 2019 and 2020 respectively. That means Ugandans appreciate insurance as savings avenue especially in this economic crises posed by COVID 19 pandemic.

01/07/2021

Following International Monetary Fund approval of $1billion, Uganda Ministry of Finance has immediatly disbursed about US$258 million for budget support. This fund will support Uganda in fight against by supporting post recovery interventions.
BankersNest News

01/07/2021

Although Kenya has been riddled with a corruption report, World Bank has moved to approve additional Sh14b financing for Kenya to facilitate affordable and equitable access to Covid-19 vaccines.
News

30/06/2021

Bank of Uganda has taken over the licensing of Mobile money operations in Uganda. This follows the enactment of the National Payment Systems (NPS) Act, 2020. However Uganda Communication Commission (UCC) will over see the (GSM), that's data and voice calls.
News

30/06/2021

The International Monetary Fund’s executive board has discussed a proposed $650 billion expansion of its emergency reserves, marking the next step in a process expected to be completed in August, the IMF said in a statement.
News

29/06/2021

Sigh of Relief to Uganda Government as International Monetary Fund (IMF) Executive Board approves a $1 billion which is UGX 3.6 trillion facility to support Uganda’s post-COVID19 economic recovery.
News

29/06/2021

Between Dec 2019 and Dec 2020, the active number of internet banking users increased by 16.3% from 697,486 to 810,802. The volume and value of internet banking payments grew year on year by 21.4% to 1.7 million and by 30.2% to Ugx. 35.5 trillion respective. This is contained in the Annual Bankers Report

29/06/2021

Uganda Bankers Association is organizing the 4th Annual Bankers conference expected on 27th July 2021 under the theme "How the financial sector can thrive in the era of the 4th Revolution. The conference will attract bankers, insurance sector among other players in the financial sector.
News

NCBA bank turns focus to digital banking to address the challenge of the unbanked population especially with in East Afr...
27/06/2021

NCBA bank turns focus to digital banking to address the challenge of the unbanked population especially with in East Africa.

26/06/2021

According to Bank of Uganda, Uganda Bureau of Statistics in June 2021 estimates economic growth at 3.3% in financial year 2020-2021.This is slightly higher than initial projection of 3.1% due to stronger household consumption. News

Uganda Bankers Association urges all depositors to update their records with individual banks
25/06/2021

Uganda Bankers Association urges all depositors to update their records with individual banks

24/06/2021

Bank of Uganda reduce Central Bank Rate (CBR) by 0.5% point to 6.5%. This is because the economic activity for the quarter to May 2021 was moderate.
This is according to Governor Bank of Uganda Emmanuel Tumusiime Mutebile

We wish you a Merry Xmas and a Spirit filled New Year. We will publish a special magazine in January and run our daily o...
24/12/2020

We wish you a Merry Xmas and a Spirit filled New Year. We will publish a special magazine in January and run our daily online stories beginning January . May God bless you all

COVID19 UPDATE UGANDA: The Ministry of Health UGANDA confirms one COVID-19 death today bringing the total COVID-19 death...
01/08/2020

COVID19 UPDATE UGANDA: The Ministry of Health UGANDA confirms one COVID-19 death today bringing the total COVID-19 deaths to 4.

Results of COVID-19 tests done on 31 July 2020 confirm 22 new cases. The cumulative confirmed cases of Ugandans to-date is 1,176.

UGANDA: Results of COVID-19 tests done on 05 July 2020 confirm 14 new cases. The cumulative confirmed cases of Ugandan...
06/07/2020

UGANDA: Results of COVID-19 tests done on 05 July 2020 confirm 14 new cases.
The cumulative confirmed cases of Ugandans is now 953.

Bank of Uganda releases exchange rate for today Monday, June 29, 2020 trading as below:
29/06/2020

Bank of Uganda releases exchange rate for today Monday, June 29, 2020 trading as below:

Bank of Uganda Releases today's Exchange Rates Thursday, June 25, 2020 trading as below:
25/06/2020

Bank of Uganda Releases today's Exchange Rates Thursday, June 25, 2020 trading as below:

Stanbic Bank Kenya in partnership with BaseTitanium, Centum, Gulf Energy, Valar Frontier, & Africa Practice, today hande...
19/06/2020

Stanbic Bank Kenya in partnership with Base
Titanium, Centum, Gulf Energy, Valar Frontier, & Africa Practice, today handed over a total of 192 high flow nasal cannula oxygen therapy devices worth KSh147 million to Ministey of Health Kenya to support COVID-19 response.

Bank of Uganda governor Emmanuel Mutebile has warned that if lock down phase 2 is instituted, it will have adverse effec...
18/06/2020

Bank of Uganda governor Emmanuel Mutebile has warned that if lock down phase 2 is instituted, it will have adverse effects on Uganda's economy.

: Results from samples tested on 17 June confirm 9 new COVID-19 cases. The total number of COVID-19 cases in Uganda is ...
18/06/2020

: Results from samples tested on 17 June confirm 9 new COVID-19 cases.
The total number of COVID-19 cases in Uganda is now 741.
Total COVID-19 recoveries: 442

Bank of Uganda issues today's Forex exchange trading as below:
18/06/2020

Bank of Uganda issues today's Forex exchange trading as below:

Bank of Uganda has issued credit relief and loan restructuring measures, like; moratorium, extension of the loan repayme...
18/06/2020

Bank of Uganda has issued credit relief and loan restructuring measures, like; moratorium, extension of the loan repayment period, and other forms of restructuring provided for under the requisite regulations.
Uganda Bankers Association also welcomed this move amid business distraction posed by COVID 19 pandemic.

Bank of Uganda has released today's exchange rate trading as below:
17/06/2020

Bank of Uganda has released today's exchange rate trading as below:

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Govt spends shs5bn on Covid-19 as Ministry require more money

By Oyet Okwera

Government of Uganda has so far spent shs 5 billion in the ongoing medical intervention against the spread of Corona virus. This expenditure is for the period of three months since the announcement of this deadly Corona Virus whose impact has by far become a global concern.

According to Dr. Henry Mwebasa, the Director General of Health Services at the Ministry of Health, the cumulative shs 5 billion was sent to other referral hospitals spread across the country.

“This money helped in procuring different required health related materials which are crucial in the fight against Corona virus,” clarified Mwebesa