DPF to commence payment of protected deposits to depositors of the closed EFC Uganda Limited effective January 29, 2024
On January 19, 2024, in exercise of its powers under Sections 72 (1) and 12 (1) (d) of the Microfinance Deposit-taking Institutions (MDI) Act, 2003 as amended, the Central Bank placed EFC Uganda Limited under liquidation, revoked its license, and…