Tag Archives: bank of uganda

OPINION | Julius Businge | In 2011, monetary policy briefings at the Bank of Uganda Boardroom, Level 7, delivered by the late Prof. Emmanuel Tumusiime Mutebile and often flanked by his deputy, Dr. Louis Kasekende and other top technical officials, were must-attend events. As a business journalist, I—alongside others—made it …

Kampala, Uganda | THE INDEPENDENT | Banking practitioners in Uganda will soon be required to have a professional practicing license as the industry climbs up the professionalism ladder. This will be following in the footsteps of the legal, engineering, accountancy and medical industries whose professional standards are, by law, governed …

‎Kampala, Uganda | THE INDEPENDENT | The Ugandan Shilling continued strengthening against the US Dollar in the year 2024/25 as remittances, exports and new government policies. ‎The local currency ended June 2025, trading at an average mid-rate of 3,605.84 Shillings per dollar, compared to 3,653.40 per USD in May 2025, …

Kampala, Uganda | THE INDEPENDENT | Housing Finance Bank received two prestigious national awards in recognition of its critical role in strengthening Uganda’s economic resilience. The Bank was honored by the Bank of Uganda with the Agricultural Credit Facility (ACF) Award and the Small Business Recovery Fund (SBRF) Award. These …

Kampala, Uganda | THE INDEPENDENT | Bank of Uganda has hailed the innovative mobile and online lending products introduced by financial institutions, noting their significant contribution to financial deepening and inclusion. This innovation began in 2016 when NCBA Bank—then operating as Commercial Bank of Africa—partnered with MTN Uganda to launch …

KAMPALA, UGANDA | THE INDEPENDENT | One of Uganda’s leading mineral experts, Don Bwesigye Binyina has advised the Central Bank to move with caution as it intensifies the purchase of gold from local refineries. In June 2024. Bank of Uganda begun buying gold from local minersin a bid to boost …

KAMPALA, UGANDA | THE INDEPENDENT | Bank of Uganda is set to regulate operations of mortgage refinancing institutions once the Mortgage Refinance Institutions Bill, 2025 is passed into law. The Bill mandates the Central Bank to consider applications for approval to carry out Islamic mortgage refinance business. “A person shall …

KAMPALA, UGANDA | THE INDEPENDENT | The Directorate of Public Prosecutions has informed the Anti Corruption Court Magistrate that investigations into charges of causing the government a 60 billion shillings financial loss through manipulation of Finance Ministry and Bank of Uganda payments systems are incomplete. Prosecutor Richard Birivumbuka on Tuesday told …

Tororo, Uganda | THE INDEPENDENT | The Governor Bank of Uganda, Michael Ating -Ego has asked financial institutions and stakeholders to re-channel business model strategies that can lift subsistence agriculture to the money economy. Ating was on Saturday speaking at Rock Classic Hotel Tororo district during a meeting organized by …

KAMPALA, UGANDA | THE INDEPENDENT | The Anti-Corruption Court in Kampala has remanded another official from the Ministry of Finance and Economic Planning on charges of conspiring with eight others to cause the government a financial loss through the manipulation of payment systems. On Tuesday, the Court presided over by …