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Nairobi 28^th April 2020 - Stakeholders in the financial, payments and online services sector have today launched a public awareness campaign designed to educate consumers on measures of preventing fraud across channels as the country makes efforts to contain the Coronavirus disease. Through the campaign dubbed 'Kaa Chonjo!', partners aim to promote safety messages that focus on emerging security risks, particularly those that have arisen from the increased use of card, mobile and online banking channels in this period. It will also seek to sensitize the public on secure use of ATM machines. Read More

The Uganda financial system is currently composed of both regulated and non-regulated institutions. The regulated segment is composed of fifteen commercial banks, seven credit institutions, three Micro-Finance deposit ta king institutions. Insurance Companies and the Stock exchange. Apart from the set back suffered following the closure of banks in 1998 and 1999, the sector has witnessed tremendous improvement in performance indicators over the past fifteen years with an accelerated improvement over the past five years. In particular confidence in the financial sector has been restored. The challenge for the Central Bank is to sustain and enhance confidence in the sector especially in the systems and products provided therein. Read More