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 …
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Kampala, Uganda | THE INDEPENDENT | President Yoweri Kaguta Museveni has appointed Dr. Micheal Atingi-Ego Governor of the Bank of Uganda and Augustus Nuwagaba as the new Deputy Governor. Atingi-Ego who has been serving as the Deputy Governor of the Bank of Uganda replaces the late Emmanuel Tumusiime Mutebile, who died in January 2021, …
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Kampala, Uganda | THE INDEPENDENT | The Criminal Investigations Directorate (CID) has submitted the cases of nine suspects in the Bank of Uganda (BOU) money heist to the Directorate of Public Prosecution for perusal and legal advice. DPP is expected to guide on which offences should the suspects face. CID …
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Kampala, Uganda | THE INDEPENDENT | The country’s inflationary landscape has seen a mixture of modest improvements and persistent challenges. According to the Uganda Bureau of Statistics (UBOS), the Annual Average Headline Inflation for 2024 was registered at 3.3 percent, a significant improvement from the 5.4% recorded in 2023. The drop …
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KAMPALA, UGANDA | THE INDEPENDENT | A joint team of investigators from Defence Intelligence and Security former Chieftaincy of Military Intelligence (CMI) and Criminal Investigations Directorate (CID) has so far probed 17 suspects connected to more than 60 billion shillings stolen from the Bank of Uganda. Sources told Uganda Radio Network …
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Michael Atingi-Ego confirms Bank of Uganda has joined “Shining Gold Rush” Kampala, Uganda | THE INDEPENDENT | When the Bank of Uganda announced its intention to purchase gold from artisan, small, medium, and large-scale miners, some players in the precious stones industry wondered why a sudden policy reversal. It has been …
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Kampala, Uganda | THE INDEPENDENT | The Buganda Road Chief Magistrates Court has sentenced to caution, a Technician Christopher Ssebirumbi attached to the Bank of Uganda for malicious damage to 31 Air Conditioners belonging to the Central Bank. Ssebirumbi 48, on Wednesday, appeared before Grade One Magistrate Siena Owomugisha who charged him …
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Projections foresee sustained economic growth, propelled by investments in the oil and gas and mining sectors Kampala, Uganda | THE INDEPENDENT | In a strategic move to stabilize the country’s economic conditions, Uganda’s central bank has opted to maintain the Central Bank Rate (CBR) at 9.5%, despite a further decline in …
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Kampala, Uganda | THE INDEPENDENT | Bank of Uganda Golfers have won the CEO’s Annual Bankers Golf Sports Gala at the Uganda Golf Club. The central bank team, that returned with 107 points, was spurred by Kenneth Egesa with 36 points, Serwano Walusimbi with 35 points while Kalisa Katongole and …
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Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has opted to maintain its base interest rate, the Central Bank Rate at 10 percent despite the sustained fall in inflation since late last year. The CBR is an indicator of the cost of money to commercial banks, on which …
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