Day

January 4, 2024
Unlike 2023 which started off sluggishly, 2024 is likely to witness a lot of internal/domestic activity. There are a few groundbreaking litigation and arbitration decisions anticipated from the Commercial Court of Uganda
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The banking sector will remain the major fulcrum of the financial services sector alongside e-money issuers. Most financial institutions remain adequately capitalised in line with the Ugandan Central Bank's recent core capital enhancements.
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Economic activity is predicted to rebound in 2024 facilitated by oil and gas FDI, growing Internet penetration, political activity as we build up to party primaries, real estate/construction, public infrastructure and government spending. Do not hesitate to reach out should you encounter any challenges in the process of financial sector intermediation.
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The digital Money Lenders Guidelines will be finalized by the Uganda Microfinance Regulatory Authority (UMRA) and rolled out. There has been outcry over the ethical, predatory lending and breaches of personal data by some of the digital lenders.
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