Tag Archives: BOU

Kampala, Uganda | THE INDEPENDENT | The Central Bank is seeking the intervention of Parliament to ensure that regulations regarding governance and supervision of the financial sector are given urgent attention. The bank officials made the proposal while meeting MPs from different committees of parliament on Friday. Led by Deputy …

Soroti, Uganda | THE INDEPENDENT | Thousands of mourners who trekked to Serere district to pay their last respect to the fallen former Deputy Governor of Bank of Uganda, John Robert Elangot were shocked to learn that the 87- year- old man died before receiving his pension. Elangot died on …

   But private sector players are optimistic about the future | THE INDEPENDENT | Uganda’s private sector activity continues to improve as the economy slowly recovers from COVID-19 pandemic hit but workforce continues to fall. The latest Stanbic Purchasing Managers’ Index (PMI) released on Nov.03 indicates that Uganda’s private sector …

Kampala, Uganda | THE INDEPENDENT | John Robert Elangot, the former Deputy Governor at Bank of Uganda has died. He was 87. Elangot, who served as the Central Bank Deputy Governor between 1981 and 1989, breathed his last at  International Hospital Kampala on Saturday. He was hospitalized in late September …

BoU Governor says loosening of COVID 19 restrictions, shrewd monetary policy decisions kept the economy ‘alive’ amidst major threats | THE INDEPENDENT | The financial year 2020/2021 was largely challenging due to the COVID-19 pandemic hit that negatively affected all sectors of the economy, according to the Bank of Uganda …

Outlook remains overcast by a mutating virus | THE INDEPENDENT | Uganda’s economy has been struggling for some time now since the outbreak of coronavirus but the government and the private sector are coming up with numerous options to reverse the trend. On Oct. 20, the government released Sh 5.8trillion …

    COMMENT | THE INDEPENDENT | The Supreme Court on Monday delivered yet another ruling in favour of Sudhir Ruparelia in which it emphasized that the appeal filed before it by Bank of Uganda had no chance of success. This is the fourth application that has been won by …

Firms need to go big on innovations, corporate governance and cost management, experts say Kampala, Uganda | THE INDEPENDENT | The exit of multinational companies in Uganda including South Africa’s largest grocery retailer Shoprite Holdings exposes the challenges that businesses in the country are grappling with to remain afloat. Several …

Revealing the networks of people with power Kampala, Uganda | THE INDEPENDENT | In the April 30-07 issue of The Independent, Andrew Mwenda; in his column, wrote an article entitled “Paved with good intentions: How Western interventions in African affairs, even when well intentioned, produce bad results.” In that article, …

  BOU Governor Tumusiime Mutebile (left) and former Cranes Bank boss Sudhir Ruparelia (right). Kampala, Uganda | THE INDEPENDENT | Bank of Uganda has withdrawn an appeal in their case – Crane Bank (In Receivership) against Sudhir Ruparelia and Meera Investments Limited. “Take notice that the appellant does not intend …