Kampala, Uganda | THE INDEPENDENT | Uganda’s Deposit Protection Fund has recorded a 15% surge in assets to Shs 1.15 trillion for the year ended June 2022, with investments held in government treasury bills and treasury bonds. Financial results released on Jan.31 show that the fund’s surplus and reserves account increased …
Read More »
Kampala, Uganda | THE INDEPENDENT | The Deposit Protection Fund-DPF, is moving towards instant payment of depositors in case a bank closes, under the digitization program objectives of the fast-growing fund. Currently, the Fund is confident they can start compensating depositors ‘in the unlikely event of a bank closing, a month …
Read More »
Kampala, Uganda | THE INDEPENDENT | More than 90 percent of Ugandans who hold a bank account do not keep more than sh1 million at any one time on their accounts, an indication of the low savings levels in the country. There are an estimated 14 million bank accounts in …
Read More »
The Independent Uganda: You get the Truth we Pay the Price