Tag Archives: bank of uganda

Kampala, Uganda | THE INDEPENDENT | The Democratic Republic of Congo (DRC) was Uganda’s number one source of trade surplus in 2020 according to Bank of Uganda trade statistics, and road projects launched yesterday by President Museveni and his DR Congo counterpart Felix Antoine Tshisekedi will likely further boost Uganda’s trade …

Kampala, Uganda | THE INDEPENDENT |  The Uganda Shilling continued to appreciate against some major currencies in the region as well as the US Dollar, on Monday, compared to last week.  The Bank of Uganda put the official exchange rate for the dollar at 3,529.39 buying and 3,539.39 selling by the …

Kampala, Uganda | THE INDEPENDENT | Buganda Road Magistrates court has issued criminal summons to Augustine Ojobile, the secretary of the Forum for Democratic Change-FDC Electoral Commission to show up and receive judgment in the case where he is accused of being a common nuisance. Ojobile is jointly charged with Robert …

Appreciation was mainly driven by inflows from offshore investors, NGOs, coffee export receipts and non-financial institutions amidst demand from oil Kampala, Uganda | THE INDEPENDENT | Uganda Shillings current strength against the United States Dollar is causing discomfort within the business community, considering how it might boost or affect their operations. The Uganda …

Kampala, Uganda | THE INDEPENDENT  |  Uganda’s economy has grown faster than was earlier projected two months ago, according to the Bank of Uganda’s Monetary Policy Committee.  The Uganda Bureau of Statistics, UBOS, in its updated GDP Quarterly GDP estimated the contraction in the economy at 1.1 % in 2020, compared …

Kampala, Uganda | THE INDEPENDENT | The Director of Public Prosecutions has withdrawn charges against three Bank of Uganda officials who have been facing trial for having allowed an authorized cargo onto a chartered plane about two years ago. The officials who have been facing charges of corruption and abuse of …

Kampala, Uganda | THE INDEPENDENT | The Attorney General has asked the High Court in Kampala to dismiss a case challenging the appointment of Bank of Uganda’s Executive Director for Supervision Dr Twinemanzi Tumubweine. The state wants the case filed by activist Arnold Anthony Mukose dismissed on grounds that it is …

Kampala, Uganda | THE INDEPENDENT |  Bank of Uganda (BoU) has disagreed with the proposed amendments to Article 161 of the Constitution regarding the composition of the Central Bank’s Board of Directors. The Deputy Governor Bank of Uganda Michael Atingi-Ego accompanied by other Central Bank officials on Wednesday presented their position …

Kampala, Uganda | THE INDEPENDENT |  The Deputy Governor Bank of Uganda (BoU), Michael Atingi-Ego has asked parliament for more time to present the institution’s opinion on the proposed amendments to Article 161 of the Constitution regarding the composition of the Central Bank’s board and others. Atingi-Ego together with the BOU …

Kampala, Uganda |  THE INDEPENDENT  |  The Bank of Uganda has extended for six months effective April 1, 2021 the Credit Relief Measures that the banking industry offered their borrowers to help them overcome the impacts of the Coronavirus (COVID-19) pandemic on the economy. The Bank will also extend its financial …