BoU trains credit providers to strengthen compliance and enhance information sharing
The workshop, conducted yesterday in Kampala, attracted more than 150 participants, including members of the Credit Reference Bureau Association [CRBA], credit reference bureaus, and accredited credit providers from across the countr
KAMPALA, April 25, 2026 — The Bank of Uganda [BoU], through its Non-Bank Financial Institutions [NBFI] Department, has held a workshop for accredited credit providers [ACPs] in the country aimed at strengthening regulatory compliance within Uganda’s credit information sharing system.
The workshop, conducted on Thursday in Kampala, attracted more than 150 participants, including members of the Credit Reference Bureau Association [CRBA], credit reference bureaus, and accredited credit providers from across the country.
In his opening remarks, the Acting Executive Director for Supervision and Regulation, Mackay Aomu, noted that the inclusion of ACPs in the credit information sharing network has significantly increased credit information activity.
He revealed that the credit reference system now holds records for 5,001,648 individuals and entities, of whom 3,617,605 have active credit accounts.
Aomu further emphasised that credit information sharing is a critical driver of financial inclusion, noting that similar systems in other jurisdictions have strengthened risk-based lending and reduced the cost of credit.
“Beyond reducing non-performing loans, it promotes a culture of repayment discipline and financial responsibility among borrowers, ultimately improving credit scores and expanding access to financial products,” he said.
During the workshop, the BoU team delivered presentations on credit information sharing as a tool for responsible lending, regulatory compliance obligations for ACPs, and sustaining ACP accreditation from process to practice.
Separately, the NBFI Department recently convened an industry workshop bringing together foreign exchange bureaus, money remittance businesses, and key stakeholders to enhance regulatory engagement and compliance readiness.
Sessions covered regulatory return submissions and proposed amendments to the regulatory framework, with presentations by Judith Nampeera and Andrew Kamugisha. Employer obligations under the National Social Security Fund [NSSF] were presented by Brendah Arinda, Senior Manager for Partnerships and Business Development.
Industry perspectives were shared by the Chairperson of the Uganda Forex Bureaus and Money Remitters Association, Obed Masoudi.
https://thecooperator.news/private-sector-credit-hits-shs-25-3-trillion-in-december-2025-report/
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