Commercial Banks
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News
Teso farmers struggling to access Agricultural Credit Facility
SOROTI, August 6, 2025 –– Farmers in the Teso Subregion in eastern Uganda are facing difficulties accessing the Agricultural Credit Facility [ACF], which was established to help boost agricultural production. The ACF…
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Uganda’s financial sector resilient as customer deposits hit Shs 38 trillion
KAMPALA, July 8, 2025 – – Uganda’s financial sector continues to display remarkable resilience and steady growth, supported by rising customer deposits, enhanced liquidity buffers, and robust profitability among supervised financial institutions…
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Gov’t warns money lenders against breaking the law
KAMPALA, June 19, 2025 –– The State Minister for Microfinance, Haruna Kasolo Kyeyune, has issued a strong warning to money lenders operating outside the law, stating that the government will take decisive…
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DPF stuck with millions in unclaimed deposits from two liquidated banks
MASAKA CITY, May 5, 2025 – The Deposit Protection Fund of Uganda [ DPF ] is struggling to trace the rightful owners of millions of shillings in unclaimed deposits left behind by…
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Critical moment for women in finance
LONDON, April 18, 2025 –– 2025 is a critical moment for women in finance, OMFIF’s Gender Balance Index highlights, as modest gains in representation are threatened by growing backlash against inclusion initiatives.…
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Global and African Financial Experts Urge Action to Enhance Smallholder Farmer Financing
NAIROBI, March 20, 2025 — Leading global and African financial experts have issued a resounding call to align financial structures with the needs of smallholder farmers. Speaking at a two-day conference on…
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Commercial farmers in Northern Uganda urged to go for cheap ACF loans
LIRA CITY, March 5, 2025 – Commercial farmers in Northern Uganda have been encouraged to apply for loans under the Agricultural Credit Facility [ ACF ] to enhance agricultural productivity. The ACF…
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Credit unions in US defend income tax exemption
NEW YORK, February 18, 2025 — Credit Unions in the United States of America [U.S.A] have launched a campaign explaining how they are different from commercial banks so that they can be…
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Banks issued Shs 1.5trn in loans ahead of festive season
KAMPALA, 4 January 2025 – The Government has reported that commercial banks in Uganda extended loans amounting to at least Shs 1.5 trillion to various clients in the lead-up to the Christmas…
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WSACCO CEO urges members to boost their savings
FORT PORTAL CITY, September 19, 2024 — Col. Joseph Freddy Onata, Chief Executive Officer of the Wazalendo Savings and Credit Cooperative Society [ WSACCO ], has encouraged members to increase their savings…
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