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Business
Over the years, there has been growth in international sanctions regimes enacted by different entities such as states and multilateral agencies
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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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This brief analyses the salient developments in competition/antitrust law and regulations in East Africa and gives a predictive outlook to 2023. Download here.
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Last week, the International Swaps and Derivatives Association (ISDA) launched the ISDA 2020 interbank offering rates (IBORs) protocol (the protocol), which is designed to assist derivative market participants with their IBOR plans. For purposes of context, IBORS are reference rates/benchmarks used in financial transactions to determine amounts payable by the parties to those financial transactions,...
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Internet Image Recently, the Commercial Court of Uganda in the case of Ham Enterprises Limited & 2 Others vs Diamond Trust Bank (Uganda) Limited & Another, Miscellaneous Application No. 654 of 2020 (the Ruling) held that a foreign bank must obtain a license/approval from the Bank of Uganda (the Ugandan Central Bank) prior to directly...
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Building resilience in COVID times
“Resilience is not a characteristic gifted to some individuals and not others. The key here is that resilience is not a passive quality, but an active process. How we approach life, and everything it can throw at us, has a massive impact on our experience.” Barry Winbolt It is now July 2020, and most economies...
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