BEST BANK
Stanbic Uganda
Uganda has been one of Africa’s most strongly performing economies in recent years, posting real GDP growth of 6.4% in 2002, 5.2% in 2003 and 6% in 2004. With inflation also coming under control in 2004 the foundations have been established for a strong banking industry. Additionally, as Fitch Ratings observed when it assigned its B rating to Uganda in March, the country’s financial sector has undergone “significant restructuring since the late 1990s and now appears to be fundamentally sound [and] well regulated”.
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