Uganda: Manage Banking Competition

18 December 2008
editorial

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.

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