Tag Archives: bank of uganda

Kampala, Uganda | THE INDEPENDENT | Several Bank of Uganda staff expect the contract of the Deputy Governor Dr Louis Kasekende to be renewed in the coming days. Dr Kasekende’s contract will expire on 18 January 2020, completing a decade in the same position and making him the longest-serving deputy …

Kampala, Uganda | THE INDEPENDENT  | Bank of Uganda has warned the public against writing on currency notes, highlighting that the practice is illegal and could land them to prison. The warning follows various images circulating on social media with political messages reading “vote Bobi Wine 2021” and “Vote Museveni …

Kampala, Uganda | THE INDEPENDENT | Ugandan traders have missed 440 billion Shillings in potential earnings between March and September 2019, a period during which Rwanda has maintained a closed border at Gatuna. This is according to a compilation of figures from Bank of Uganda. The figures, compiled monthly, show …

Kampala, Uganda | THE INDEPENDENT  | Absa Bank Uganda has officially received its license from Bank of Uganda, dropping the Barclays brand tag. Absa Uganda interim boss Nazim Mahmood together with other bank’s executive received the license from the Central Bank on Monday. Mahmood told reporters that “there will be no …

Kampala, Uganda | THE INDEPENDENT  | Uganda government will once again withdraw money from the petroleum fund and use it to fund the 2019/220 financial year budget. According to Bank of Uganda, government will withdraw 445 billion shillings which will be transferred from the fund to the consolidated fund for …

Kampala, Uganda | THE INDEPENDENT  | The value of banknotes and coins issued for circulation increased by 272 billion shillings last financial year as Bank of Uganda responded to increased withdrawal of money by the commercial banks. In a 2018/19 annual report, the central bank reports that new banknotes in circulation …

Kampala, Uganda | THE INDEPENDENT |  Bank of Uganda has opposed some provisions in the National Social Security Fund Amendment Bill, 2019 as unfair to other pension sector players. The BoU Deputy Governor, Louis Kasekende disclosed this while leading a delegation officials from the central bank to submit their views on …

  Kampala, Uganda | THE INDEPENDENT | Bank of Uganda has cut interest rates, a move expected to boost businesses’ borrowing and consequently lift growth. BoU Governor, Emmanuel Tumusiime-Mutebile announced on Monday that he was cutting the Central Bank Rate (CBR), which signals the direction of interest rates, from 10% …

Kampala, Uganda | THE INDEPENDENT | Banks in Uganda and other currency traders are awaiting directions on how they can proceed to trade Kenyan new currency notes. Kenya’s old 1,000 note stopped being legal tender on Monday 30 September 2019 and anyone who has it around the world will not …

Kampala, Uganda | THE INDEPENDENT | Opportunity Bank Uganda Limited has been granted a license to operate as a commercial bank by Bank of Uganda. This brings the number of commercial banks in the country to 25. According to a Bank of Uganda letter dated September 25, 2019, Opportunity bank …