Contact

Tel: +256 414 252069
Tel: +256 750 067832
Fax: +256 414 505305

Plot 24A Akii Bua Road, Nakasero
First floor Britam House
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P.O.Box 8700
Kampala - Uganda

Email: info@agabamuhairwe.com

Resource Center

AGENT BANKING IN UGANDA

According to Section 3(a) of the Financial Institutions Act as amended in 2016, agent banking means the conduct by a person of financial institution business on behalf of a financial institution as may be approved by the Central Bank.

Agent banking is hinged on the Agent Principal relationship. Agency is a fiduciary relationship created by express or implied contract or by law, in which one party (the agent) may act on behalf of another party (the principal) and bind that other party by words or actions.

This relationship is legally recognized in Uganda under the Contracts Act, 2010.

Read more hereĀ Agent Banking In Uganda – A Review of the Opportunities and Challenges

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