Tropical Bank and Post Bank, two financial institutions owned by the government of Uganda, are running out of capital, according to the country’s Auditor General. The Financial Institutions (revision of minimum capital Requirements) Instrument, 2022, requires banks to have a minimum paid-up capital of at least Shs120bn ($32.7m) by the end of 2022. Tropical Bank currently has a paid-up capital of Shs88bn, while Post Bank has Shs98bn. Post Bank has responded that it will comply with the minimum capital requirement and does in fact have a paid-up capital of Shs112bn.