Tag Archives: bank of uganda

Kampala, Uganda | THE INDEPENDENT | The Governor of the Bank of Uganda Emmanuel Tumusiime Mutebile is dead. Mutebile died this morning at Nairobi Hospital, according to an announcement made by Deputy Governor Micheal Atingi-Ego. He was 72. Mutebile was admitted to Nairobi Hospital after he collapsed due to complications related …

Kampala, Uganda | THE INDEPENDENT | The Deputy Governor Bank of Uganda, Michael Atingi-Ego has called for better planning for emergencies so that pandemics can have minimal impact. Atingi-Ego noted the need for reduction in spending on non-priority areas, postponement of capital intensive and import-dependent projects to help improve external balance …

Kampala, Uganda | THE INDEPENDENT | Uganda’s public debt has risen to 73.8 trillion shillings (about 20.8 billion US dollars), according to provisional figures at the Bank of Uganda up to the month of October 2021. By the end of June 2021, the Ministry of Finance, Planning, and Economic Development reported …

Kampala, Uganda | THE INDEPENDENT | Commercial banks approved a total of 2.8 trillion Shillings in loan amounts in the three months ending October 2021, which indicates growth from the 2.2 trillion Shillings approved in the quarter that ended July. Similarly, the value of loan applications rose to 4.9 trillion Shillings …

Kampala, Uganda  | THE INDEPENDENT | Uganda has had a frantic 2021 as it experienced one of the most contested presidential elections, a devastating pandemic and a new war against terrorism. A three-month presidential election campaign culminated on Jan. 14, with the incumbent, 76-year-old Yoweri Museveni tussling it out with the …

Kampala, Uganda | THE INDEPENDENT | Uganda’s export and import trade sector recorded declines in both volumes and value in the last six months of the year ending October 2021, as economic activity slowed down compared to the previous six months. Uganda had previously recorded a deficit in trade in both …

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda on Monday said the Omicron variant of COVID-19 is casting uncertainty over the country’s economic outlook. Bank of Uganda, in a monthly monetary policy statement issued, said the Omicron variant could further disrupt the global supply chain, which may have spillover …

Kampala, Uganda | THE INDEPENDENT | Ugandans in the agriculture sector have so far received a total of 620 billion Shillings under the Agricultural Credit Facility, a fund managed by the Bank of Uganda, according to a report for the period June 2020/2021. This was an increase by half in the amount …

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has joined the Uganda Development Bank in supporting climate-friendly economic development through the financial sector. The Central bank is now developing guidelines that will help other financial institutions go beyond their own administrative environment-related policies, to ensure that the services they …

Kampala, Uganda | THE INDEPENDENT | Bank of Uganda has issued an exceptional permission allowing Supervised Financial Institutions-SFIs, at their discretion, to offer a repayment credit relief to their creditor in the education and hospitality sectors. The said SFIs include commercial banks, credit institutions, and microfinance deposit-taking institutions. Previously, authorities at …