Skip to main content

WorldRemit Money Transfer Closes Business In Uganda.

By Editor




The Bank of Uganda (BoU) has informed the public that WorldRemit Money Transfer (U) Limited voluntarily ceased to carry on money remittance business in Uganda.



“The public is notified that the closure of WorldRemit Money Transfer (U) Limited as a company will not affect WorldRemit money remittance product offered by several supervised financial institutions in Uganda,” BoU said in a statement dated July 4, 2022.7.


 

It adds: “Customers with outstanding claims for monies given to WorldRemit Money Transfer (U) Limited for remittance purposes should submit the claims, with evidence, to the office of the Director Non-Bank Financial Institutions Department at Bank of Uganda by July 18, 2022.”


The Bank of Uganda has assured the public that it will continue to safeguard the stability and integrity of the financial sector.



 

The impact of the COVID-19 pandemic on the global economy and job security for Ugandan migrant workers around the world has reduced the amount of money they are sending back home to their families. But remittances still provide crucial support for some of the world’s poorest people.


#Business_Focus


#osutayusuf


 


Data from the Migration and Development Brief shows that remittance flows to Uganda declined by 26 per cent, from US$1.4 billion in 2019 to US$1.1 billion in 2020.

Comments

Post a Comment

Popular posts from this blog

We Bring You Brief Series of Sanctions Against Uganda Government Officials.

By Editor
📸: Gen Abel Kandiho. On 9-December-2021, USA slapped sanctions against the then CMI Commander Gen Abel Kandiho. 📸: Gen Kale Kayihura. On 9-December-2022, UK slapped sanctions against former Police Boss Gen Kale Kayihura. 📸: Commissioner General of Prisons, Johnson Byabashaija. Again on this 4-December-2023, the same USA has slapped sanctions against Uganda Prisons Commander Johnson Byabashaija over alleged torture and human rights abuses in Prisons across Uganda. We ask, has USA and UK made December as an LCM to slap sanctions against high ranking government officials in Uganda even when the sanctions just remain on paper without deeper investigations to ascertain logical conclusions or remedy to that effect ?. #iip_updates  #Information_is_Power  #we_inform_the_uninformed
Post a Comment
Read more

How to Host a Website for Free From Your PC or Laptop.

By Editor
Why pay for a web hosting service when your old computer can do the same thing? Learn how to self-host your site. If you're planning to launch a website but don't want to pay recurring monthly or annual hosting fees, you can use any old laptop or desktop PC to host a website for free. It's a great way to utilize your old system instead of throwing it away. In this guide, we will install and set up services on our 10-year-old laptop to host a WordPress, Joomla, or custom HTML or PHP-based website with a free SSL certificate. MAKEUSEOF VIDEO OF THE DAY Things You Will Need to Host a Website Following are the pre-requisites to host a website for free from home with just your computer: An old laptop or PC running Ubuntu Server. A registered domain name for your website Ethernet cable to connect the laptop or PC to router for reliable and fast connection Step 1: Update and Upgrade the Packages After  installing Ubuntu Server on your computer , execute the following c...
Post a Comment
Read more

WHERE IS MINISTER OF SEX SIMON LOKODO?. (He deserves a battle of soda from me! Ministe`r esalanga mabee. He is quick to run after Mrs Dr Stella Nyanzi and other Opposition elements. Government aza aza edo zuu vaa kpere bua). Anyway, below is the article! POLICE OFFICER AKOL ESTHER CHARGED OF BEING A PUBLIC NUISANCE Naughty Officer Officer who embarrassed police after leaking nude photo charged 13.03.2018 She serves in the 'Very Important Persons Protection Unit'  Akol Esther  (Courtesy) A female police officer whose nude photo surfaced on social media has been charged of being a public nuisance. Akol Esther serves in the Very Important Persons Protection Unit (VIPPU) of the police force. Kampala Metropolitan Police spokesperson Luke Owoyesigire says Akol Esther might be demoted or expelled from the police force if found guilty of circulating nude photos. Police court is yet to announce date when Akol Esther is expected to appear for a hearing. This comes at a time when Pornography Control Committee is taking tough measures against persons circulating pornography content. The committee warned and promised to arrest persons who will circulate pornographic content.

By Editor
POLICE OFFICER AKOL ESTHER CHARGED OF BEING A PUBLIC NUISANCE Naughty Officer Officer who embarrassed police after leaking nude photo charged 13.03.2018 She serves in the 'Very Important Persons Protection Unit' Akol Esther  (Courtesy) A female police officer whose nude photo surfaced on social media has been charged of being a public nuisance. Akol Esther serves in the Very Important Persons Protection Unit (VIPPU) of the police force. Kampala Metropolitan Police spokesperson Luke Owoyesigire says  Akol Esther might be demoted or expelled from the police force if found guilty of circulating nude photos . Police court is yet to announce date when Akol Esther is expected to appear for a hearing. This comes at a time when Pornography Control Committee is taking tough measures against persons circulating pornography content. The committee warned and promised to arrest persons who will circulate pornographic content.
Post a Comment
Read more