Under these regulations, all high-value transactions ( UGx 1,000,000 upwards ) at authorized agent locations and operator centres on digital financial service platforms must be conducted only after verifying the customer's identity using a valid form of identification.
Stakeholders across the board, from banking professionals to customers and economic analysts, await further details on how these transitions will unfold and the potential impacts on Uganda's banking and financial services landscape.
In a remarkable turn of events, Zambia's currency, the Kwacha, is witnessing a resurgence, marking its most robust performance in a year. This unprecedented upswing is attributed to the implementation of effective policies by the Central Bank, igniting optimism and stirring economic conversations nationwide. Amidst global economic uncertainties,
In a dynamic twist of global currency markets, the South African rand surged on Thursday against the backdrop of a weakening dollar. This surge came on the heels of a flurry of U.S. economic data that left investors grappling with mixed signals about the world's largest economy.
In a recent statement, Kenya's central bank governor expressed confidence in the country's ability to repay a $2 billion international bond set to mature in June. This announcement comes amidst concerns over the Kenyan shilling's slump to record lows, sparking interest and debate among
In a significant economic shift, Kenya's government has revealed plans to privatize the first 35 state-owned companies, targeting only those facing financial losses and bureaucratic hurdles. Although the specific companies have not been disclosed, President William Ruto emphasized that potentially lucrative entities would be divested, signaling a strategic
