Bank of Uganda grants licenses to Opportunity and Afriland Banks

UGANDA – The Central Bank of Uganda has issued commercial banking licenses to two financial institutions, bringing the total number of commercial banks in Uganda to 26, reports Daily Monitor. In a press statement, BoU said it had granted the Commercial Banking License Certificates to Afriland First Bank Uganda Limited effective September 12, 2019 and Opportunity Bank Uganda Limited (OBUL) effective September 13, 2019 “Opportunity Bank has previously been trading as a Credit Institution and has now transformed to a Commercial Bank institution,” said BOU governor Emmanuel Tumusiime-Mutebile. As of…

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