Are You Aware Of The Contradictions In The New Anti-Money Laundering Law?
A critical analysis of the new Anti-Money Laundering Regulations of 2022 and all you need to know about PEPs.
Banking & Finance
The FID is done! —What does this mean for a Ugandan business person?
The Final Investment Decision (FID) was done, but what does this mean for you?
How Private Schools Can Cope With Inability To Pay Their Debts
Two weeks ago, Ugandan schools finally reopened their classrooms for learners after two years of closure because of the Covid-19 pandemic…..
How to stop the bank from selling your property
Rarely do people go to the bank to borrow money with clear intentions of never paying back the money. However, issues often arise and the borrowers feel shortchanged by their lender…
Banks not allowed to sell property privately without the borrower’s consent
The continuing effect of the COVID-19 pandemic is evident in the unending downsizing of human resource….
Increase of minimum Capital for banks and MDS’S; Is it a good thing or a bad thing?
On 20th August 2021, Bank of Uganda (Hereinafter referred to as “BOU”) issued a circular notifying financial institutions of a proposal to increase the minimal capital requirements …….
Money Lender Regulations In Uganda.
Unlike the developed countries where most financial services are formalized and done through banks and formal financial institutions, in Africa there is a lot of informal lending and borrowing. This can explain the great success of initiatives like mobile money. In Uganda for a long time, money lenders operated in an obscure and unregulated manner. […]
Free Zones in Uganda
Uganda finally caught up with the rest of the world in 2014 when the President of Uganda, HE Yoweri Kaguta Museveni assented to The Free Zones Act, 2014. Other East African countries had already initiated the operation of free zones. In Kenya, the law was operationalized in 1990 whereas, in Tanzania, Special Economic Zones have […]