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Wednesday, November 18 2009
Most Ministries and Government projects are connected to the internet while some are not, but with Bank of Uganda automating its banking process after the launch of the Oracle Flexcube banking software, it will not be easy to pay for as long you are not connected to the internet.
The launch of the software at Imperial Royale Hotel on 18.Nov.2009 had over 200 participants from Ministries, Projects and other government stake holders. The move is aimed at reducing fraud as much as possible.
By mid next year, all transactions with Bank of Uganda will be cleared through internet banking or online banking. This will quietly phase out the cheque system which most developed economies have long stopped using.
Cheques are still in use but with a sealing of up to 20Mn. This is the case for commercial banks as well. A cheque with a figure above 20 million will not be honoured.  Internet banking will ease operations for all those involved in terms of service delivery, feedback on the status of the transactions, timely reconciliations and best of all the convenience that comes with working within you environs.
This comes at the time when the country is getting better connectivity courtesy of the underground fibre cables which are designed to give fast internet at a supposedly cheap rate.
Posted by: uowd AT 05:45 pm   |  Permalink   |  Email
MC Kats and baby mama, Fille

Their daughter turned 7, a few days back.

During the interview, MC Kats caught up with his baby mama on a number of issues ranging from her Extended Play that she will be releasing soon, the two collaboration songs that King Saha agreed to work on with Fille.

Hellen Lukoma gifted with a Range Rover

Asked what the magic was, and Hellen was like and that is nothing, he is capable of a lot more.

"I have two children, Ata and Ark, with my Heaven sent Anwar, we have been together for five years. I am a good person and my hubby is the only one in this world, he was made for me and by the way, that is nothing compared to the things he has done."

Sheebah Karungi quits TNS

In a Snapchat post decorated with green snakes emojis, God's Plan who is currently in the UK has revealed how the 'Bango' singer ended up dating his then girlfriend Sheilah Gashumba.

"He used to come to my apartment to chill, drink and eat food..."

Zari and her new lover Choppa

Not long back, when Zari was explaining how she hit the rocks with King Bae, who turned out to be romance scammer, she said that it is not about money when it comes to dating her, so even the not so loaded guys were welcome to give it a try, but looking at her new lover, GK Choppa, he seems to be wearing two faces, in him you see a combination of her late hubby and Diamond Platnumz.


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