International Banking enables clients to access global banking products and services offered in international financial centres including the United Arab Emirates (UAE) and the United Kingdom, among others.
Since queries arose about Uganda's ability to prevent money laundering and financing of terrorist activities, and the subsequent appearance on the grey list, international transactions have met increased scrutiny, leading to delays in completing vital businesses.
Over the last four years, Ms Juuko has set many landmarks at Uganda largest bank by assets, having taken the top job at the onset of the Covid-19 pandemic that was later to ravage the economy for the next two years.
Muyingo said remittance costs by TerraPay are flat, at not more than 1.8 dollars per transaction irrespective of the value, which makes it even less than the targeted UN average of 3 percent per transaction.
In 2019, the Ministry of Tourism committed to upgrading the site into a tourism destination. However, the site has been turned into a market by vendors displaying their merchandise on the monument. The site ground also has turned into a grazing area for domestic animals.
This comes amidst sustained complaints about violations of traffic regulations by drivers that the State Minister for Transport Fred Byamukama called 'working class'. According to him, these drivers intimidate traffic police officers with their titles when they have committed an offence, but also misuse government vehicles.
KENEFIELD Services Limited was contracted in June 2023, to upgrade the drainage system in the area covering Hakempu along the Kabale-Katuna road, the Taxi and Bus park, Garage Street and Mukombe Road, as a way of improving hygiene, sanitation and beautification under the Uganda Support to Municipal Infrastructure Development (USMID) Project.
Tayebwa observes that counterfeit electrical products including timing switches, multi-plugs, adapters, terminal connector blocks, circuit breakers, and earth leakage devices among others are a great danger to the continent as such products can cause burns, electric shocks, and even firestorms.
The Banking Industry Guidelines on Mitigation of Fraud (BIGF) framework provides for a Grey List for individuals or entities who are suspected of being involved in fraud, and a Black List that will feature those confirmed or convicted fraudsters, and these lists shall only be visible to designated officers or individuals as per the guidelines.