Kampala — IN the last year, bank branches have almost doubled to 300 from 180 a year ago. This is a result of increased competition in the sector that has come with the lifting on a decade-long moratorium on licensing of new banks.
The suspension of new bank licensing was prompted by a feeling, 10 years ago, that Ugandan banks were not sound, a situation that led to a spate of bank closures in the late 1990s.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article