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Bank of Uganda closes Mercantile Credit Bank over low capital

June 18, 2024 by URN

Bank of Uganda (BoU) has ordered Mercantile Credit Bank Ltd to wind up operations over poor governance and failure to meet the required capitalisation levels. 

The Observer June 19-25, 2024
The Observer June 19-25, 2024


MTN Uganda meets 20% public float requirement

MTN Uganda has attained a public float of 20 per cent at the Uganda Securities Exchange (USE) and the company is now fully compliant with the minimum public...