Tag Archives: bank of uganda

Kampala, Uganda | THE INDEPENDENT | The Director of Public Prosecutions has withdrawn charges against three Bank of Uganda officials who have been facing trial for having allowed an authorized cargo onto a chartered plane about two years ago.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

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has withdrawn from the case in which Diamond Trust Bank (DTB) seeks to overturn a high court ruling which faulted Diamond Trust Bank-Uganda for collecting debts on behalf of its parent company DTB-Kenya. The judgement stemmed from a case filed by …

Kampala, Uganda | THE INDEPENDENT | Henry Musasizi, the chairperson of Finance Committee of Parliament is suspicious that the government could be siphoning funds meant for the recapitalization of the Central Bank. He disclosed his suspicions during a meeting between legislators on the Budget committee, officials from the Ministry of Finance …

Kampala, Uganda |  THE INDEPENDENT | Last year Parliament approved loans to the tune of 18.69 trillion Shillings, according to the report detailing the business transacted by the House in the year 2020.    The approved loans are up from the 6.15 trillion Shillings that legislators approved in 2019.  According to the …

Kampala, Uganda |  THE INDEPENDENT |  Banking institutions have since April restructured loans with clients worth 6.7 Trillion Shillings after repayments were affected by the Covid-19 pandemic. Bank of Uganda in April 2020 granted permission to all banking institutions to provide credit relief through the restructuring of loans of both corporate …

Kampala, Uganda | THE INDEPENDENT | A Bank of Uganda report has revealed that commercial banks recorded profits to a tune of 874 Billion Shillings between March and September 2020. This is despite the Covid-19 pandemic that led to the closure of many businesses after the country went into lockdown. According …