KAMPALA – The Bank of Uganda has commended the growing awareness among Ugandans about the importance of saving for investments to safeguard against uncertainties.
Ritual Karungi Butiime, Head of the Financial Innovation Unit at the Bank of Uganda, made the remarks during the official launch of the annual Savings Challenge, held at Cairo Bank.
The initiative, organized by the Uganda Institute of Banking and Financial Services in collaboration with other financial stakeholders, aims to promote financial literacy and encourage a savings culture across the country.
“The Savings Challenge is a timely initiative, given the current economic climate. By promoting a culture of saving, Ugandans can better safeguard themselves against financial uncertainties and achieve their long-term goals,” Butiime said.
The Bank of Uganda has expressed its commitment to supporting initiatives that promote financial inclusion and literacy. The Savings Challenge is an important step in this direction, and the Bank of Uganda is eager to see the impact it will have on Ugandans’ financial habits.
The Savings Challenge is open to all Ugandans, and participants are encouraged to save regularly and make smart investment decisions. With the support of the Bank of Uganda and other financial stakeholders, Ugandans can take control of their finances and build a more secure future.
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