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Bank of Uganda cuts cheque value limits for five currencies by 50%
kfm.co.ug - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kfm.co.ug Daily Mail and Mail on Sunday newspapers.
The 2021 Annual Bankers Conference to Aims to Thrive in 4IR
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Banks paying price for trillions locked up in commercial court
Monday May 17 2021
On average, the Commercial Court receives about 2,000 cases annually with only half of these going up to disposal. Photo | File
Summary
According to a 2020 report by Francis Gimara, the former of Uganda Law Society president, more than Shs5 trillion is locked up in commercial disputes with some cases taking as long as 10 years to be disposed of.
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It has been difficult to ignore the noise coming from the banking sector and by extension, the Judiciary.
What has largely been a shadowy court that is less known to the public, seems to have all of a sudden invited a lot of attention due to some hair raising decisions taken inside the Nakasero-based court.
Deposit Protection Fund of Uganda starts working visits to contributing institutions
April 28, 2021 Written by John Musinguzi Julia Claire Oyet (R) gives a copy of DPF Annual Report 2020 to Pride Microfinance MD Veronicah Gladys Namagembe
The government agency for insuring customers’ deposits in financial institutions, the Deposit Protection Fund of Uganda (DPF), has embarked on courtesy and working visits to contributing members, starting with April.
The chief executive officer of DPF, Julia Clare Olima Oyet recently paid courtesy visits to three financial institutions; Pride Microfinance Ltd, Absa bank and Finance Trust bank. Being accompanied by Balaam Ssempala, the head of Information Technology at the
Deposit Protection Fund of Uganda starts working visits to contributing institutions
observer.ug - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from observer.ug Daily Mail and Mail on Sunday newspapers.