Uganda: Kamuli Welcomes Centenary Bank

Centenary Bank is making in-roads in the Busoga sub-region and by the end of this year, it will have opened a new branch in Kamuli. Moses Oseku, the branch's interim manager, says they have everything in order and are only waiting for supervisors from Bank of Uganda to ascertain that they will follow the minimum safety regulatory standards.

The area currently has only one commercial bank (Stanbic) that serves Kamuli, Luuka, Buyende and part of Kaliro district. The insufficient banking services have piled pleasure on the only ATM machine in the district, which usually breaks down due to constant usage and poor handling.

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