Bank of Uganda officials to head new deposit insurance fund

Downtown Kampala

A team from the Bank of Uganda has been seconded to the country’s deposit insurance fund, which was recently established as a separate legal entity.

The Deposit Protection Fund was originally part of the central bank, but was established as a separate entity by legislation passed in 2016. The aim was to put the fund on a firmer footing with its own board and management, but the move has taken time to enact. The government appointed the fund’s board in April, while the seconded central bankers

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