ENSafrica Forensics Webinar Series | Combating Financial Crime In Uganda.

ENSafrica Forensics Webinar Series | Combating Financial Crime In Uganda | WED 11 AUG

The Minister of Finance in Uganda has issued a legal notice setting a maximum interest rate for money lenders at 2.8% per month (or 33.6% per annum).

The Minister of Finance has issued an instrument lifting the blanket immunity from execution against the assets of the Central Bank of Uganda. The exemption was given in the Public Finance Management...

The Ugandan Insurance Regulatory Authority ("IRA") has released clarification on its recently published bancassurance guidelines.

On 7 October 2020, the High Court of Uganda sitting at Kampala delivered a ruling that has jolted the East African banking industry and the regional loan market.

The Stamp Duty Act (Cap. 339) is set to be amended by the Stamp Duty (Amendment) Bill, 2025. The Bill proposes that, with effect from 1 July 2025...

Uganda is set to take a key step towards ensuring the enforceability of close-out netting under ISDA, GMRA and GMSLA contracts – at least in respect of financial institutions governed by the Financial Institutions Act.

Uganda has published rules to secure the enforceability of close-out netting under ISDA Master Agreement, GMRA and GMSLA contracts with financial institutions.

In a striking oversight, a recent judgment failed to address a critical breach of banking law, where a borrower was left high and dry over a stealthy interest rate hike.

A recent decision by the High Court of Uganda in the case of Simbamanyo Estates Ltd v Equity Bank (U) Ltd, Equity Bank Ltd, and Bank One Ltd has provided significant clarity...

Not for the first time, the Bank of Uganda Financial Consumer Protection Guidelines have been disregarded by the court, leaving a borrower exposed.

This article is not about those banks that invest more monies in government securities than in loans to their customers; that's a discussion for another day.

The Supreme Court of Uganda gave its judgment last week in the much-anticipated appeal by Ham Enterprises against Diamond Trust Bank Uganda and Diamond Trust Bank Kenya.

I have always left economics for the economists.

Uganda’s Commercial Court Division carries a burden that no amount of judicial efficiency can resolve alone. Currently, 623 cases involving banks are pending before the court, with the aggregate value in dispute estimated at UGX 2 trillion.

Uganda is proposing significant changes to how it taxes cross-border debt. The Income Tax (Amendment) Bill, 2026 would introduce a new 5% withholding tax on certain interest payments that are currently exempt.

A substantial damages award against a bank has once again thrust digital banking fraud into the spotlight. Recent judgments in the United Kingdom...

Tourism is a cornerstone to Uganda's economic ambitions. In 2024, the country welcomed 1.37 million international visitors earning UGX 4.8 trillion (approximately USD 1.28 billion) in foreign exchange, a 26 per cent...

The requirement that a borrower seeking to postpone the sale of his mortgaged property must deposit 30% of the debt has long been the bane of many distressed borrowers.