Tag Archives: BOU

Kampala, Uganda | THE INDEPENDENT | Bank of Uganda (BOU) has reported that the economy is estimated to have grown by between 6.5 and 7 percent in 2021, compared to a 1.5 percent contraction in 2020, when the COVID-19 pandemic forced parts of the economy to shut down. Deputy Governor  Dr. …

Kampala, Uganda | THE INDEPENDENT | The decision by the Supreme Court of Uganda that Crane Bank Ltd reverts to owners Sudhir Ruparelia and co-shareholders raised public excitement, for various reasons, including an assumed return of the bank into the banking industry. There were concerns about the financial implications of …

Kampala, Uganda | THE INDEPENDENT | The Supreme Court has this morning ruled that Crane Bank ownership reverts to businessman Sudhir Ruparelia, in a judgment that puts an end to a five-year legal battle preceded by the closure of the Bank The judgment was made this morning as the court …

Kabale, Uganda | THE INDEPENDENT | Remains of the fallen Bank of Uganda governor Emmanuel Tumusiime Mutebile have been laid to rest at his home in Muruhita- Rwakatojo Village, Kijuguta ward, northern division, Kabale municipality with a gun salute. Tumusiime 72, died last Sunday at Nairobi Hospital where he was …

Kabarole, Uganda | THE INDEPENDENT | The body of the former Governor of the Bank of Uganda Gideon Nkojo is still in the United States and yet to get to the final resting place over unclear circumstances. Nkojo died in November 2020 in Maryland Virginia after being ill. Family members …

Kampala, Uganda | THE INDEPENDENT | Parliament is divided over a proposal to buy a house or have the family of Prof. Emmanuel Tumusiime-Mutebile, the late governor of Bank of Uganda (BoU), retain their residence in Kololo. The Bukooli Central MP, Solomon Silwany tabled the proposal on the floor of …

THE LAST WORD | ANDREW M MWENDA | At exactly 5.30am on Sunday morning January 23rd 2022, the governor of the Bank of Uganda, Emmanuel Tumusiime-Mutebile, breathed his last in a Nairobi hospital. He had been battling illness for several years. While Mutebile’s body has died, his deeds will continue …

Kampala, Uganda | THE INDEPENDENT | Emmanuel Tumusiime Mutebile will be remembered for encouraging people not to worry about the level of individual prominence they have achieved in life, but worry about the individuals around them that need to be helped to become better. In one of his statements as a Rotarian, …

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda (BOU) has mobilized sh12 trillion through the Primary Dealer Market Makers in the treasury bills and bonds over the year ended December 2021. Another 1.4 trillion shillings was transacted during the same period through private placements, (as opposed to the …

Rise in imports, commodity prices, COVID-19 variant could impact recovery Kampala, Uganda | JULIUS BUSINGE | Uganda’s economy underperformed in 2020 as coronavirus pandemic lockdown took toll on economic activities. The economy is projected to grow by 3.5-3.8% in the FY2021/22 and 5.5-6.0% in FY2022/23, before increasing to 6.5-7.5% in …