Realtime ID Verification Platform to Fight Financial Fraud
Creditinfo, a global service provider for credit information and risk management solutions, has through its Ugandan subsidiary, Creditinfo Uganda CRM Ltd, rolled out its advanced fraud and identity verification platform in in the country. The identity, know your customer (KYC) and fraud and ID solution integrates credit bureau data, government registries, and over two billion…
Standard Chartered Uganda Donates Food to Muslim Schools in Ramadan Outreach
Standard Chartered Uganda has donated assorted food supplies to three Muslim-founded schools in the city as part of its annual Ramadan outreach aimed at supporting communities observing the holy month. The food packages were delivered in partnership with Salaam Charity and the bank’s client MultiChoice to Jakayz Secondary School in Kabowa, Namasuba, and Asiyah Kids…
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Museveni Launches Sharia-Compliant Insurance
The commissioning of Uganda’s first Islamic insurance firm, Tamini General Insurance, has marked a significant milestone in the country’s financial sector, introducing Sharia-compliant insurance services aimed at broadening financial inclusion. President Yoweri Kaguta Museveni presided over the launch held at Millennium Park–Lugogo in Kampala on Tuesday. Museveni rallied Muslims to embrace productive investment. “I want…
Transparency in Oil and Minerals Sector Could Unlock Billions for Development, Says EITI Report
A new report from the Extractive Industries Transparency Initiative (EITI) shows that resource-rich countries can significantly boost public revenues and sustainable development through transparency and sound fiscal management. It notes that with shrinking aid, rising debt, and volatile commodity markets, strengthening domestic revenue mobilisation is more urgent than ever. The report highlights that transparent reporting,…
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Mbale City Sets Five-Day Deadline for Street Vendors to Vacate
Authorities in Mbale City have issued a definitive five-day ultimatum to all street vendors and hawkers to vacate the city’s pavements, corridors, and roadways or face forceful eviction. The directive, announced by the City Council on Wednesday during a press briefing, aims to restore trade order, improve sanitation, and ease the movement of pedestrians and…
Why BoU Postponed SACCO License Enforcement
Bank of Uganda has extended the deadline for the registration of SACCOs by six months, amidst opposition from the leadership of the cooperative movement over the planned regulatory takeover. This extension, which follows various meetings between the leaders of the cooperatives and various government agencies, is aimed at giving time to the different players…
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