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The Independent

Deposit Protection Fund reviewing limit for depositors

  Kampala, Uganda | THE INDEPENDENT | The Deposit Protection Fund (DPF) is considering reviews to enhance its operational mandate of providing statutory protection to account holders in commercial banks. The reviews seek to increase the fund’s protection limit for depositors with account balances over 10 million shillings in commercial …

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BOU launches remittance monitoring tool as inflows grow

Kampala, Uganda | THE INDEPENDENT | Companies dealing in remittance services are now required to report data on their transactions weekly to the Bank of Uganda (BOU), under a newly developed system. The Central Bank has developed a new data collection approach regarding diaspora remittances, where all remittance service providers …

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⬜ Who is Pope Leo XIV?

Biography of Pope Leo XIV, born Robert Francis Prevost Vatican, Rome | VATICAN NEWS |  The first Augustinian Pope, Leo XIV is the second Roman Pontiff – after Pope Francis – from the Americas. Unlike Jorge Mario Bergoglio, however, the 69-year-old Robert Francis Prevost is from the northern part of …

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🟥NEW POPE: IT IS POPE LEO XIV

It is Cardinal Robert F. Prevost who has been serving as the Prefect of the Dicastery for Bishops. Vatican, Rome | VATICAN NEWS | The 133 Cardinal electors gathered in the Vatican’s Sistine Chapel have elected a new Pope. Pope Leo XIV, 69 years old, has just appeared at the central window …

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