Bank of Uganda licences two new commercial banks
Competition in Uganda’s banking industry is set to toughen following the Central Bank’s issuance of two new operating licenses to two banks, one from Kenyan and another from India.Bank of Uganda on February 15 and March 22, 2012, licenced NIC Bank from Kenya and the Bank of India, respectively to commence retail banking business in the country.
Wednesday April 11 2012
Customers waiting to be served in a banking hall. Uganda has about 23 banks in operation.