Bank of Uganda raises capital requirements for banks
In November 2022, the Bank of Uganda announced a six-fold increase in the minimum paid-up capital requirement for banks and credit institutions. The move aims to strengthen the stability of the financial sector and provide greater capacity for loan book growth. According to the central bank, financial institutions must either meet the new capital requirements or face a downgrade in their licensing status—an expectation that will apply in subsequent financial years. Betty Ndagire reports.
