National

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Bank of Uganda Caps Over-the-Counter Cash Withdrawals

Bank of Uganda Caps Over-the-Counter Cash Withdrawals

The Bank of Uganda has introduced strict over-the-counter cash withdrawal limits effective January 1, 2027. Under the new digital payment strategy, individuals are capped at UGX 50 million daily, while corporate accounts face a UGX 250 million daily limit to encourage electronic banking.

Andrew Matege
Defence Ministry Grants Autonomy to New UPDF Referral Hospital

Defence Ministry Grants Autonomy to New UPDF Referral Hospital

The Ministry of Defence and Veterans Affairs has finalized a highly autonomous corporate governance framework for the UPDF National Referral Hospital. Permanent Secretary Mrs. Rosette Byengoma and Board Chairman Prof. Francis Omaswa stated the model will grant the facility the operational flexibility required to meet global clinical standards.

Andrew Matege