Industry executives to respond to Mutebile’s call upon carefully evaluating their commitments with clients Kampala, Uganda | JULIUS BUSINGE | Commercial Bank top executives plan to respond to the central bank’s call to lower interest rates upon carefully analyzing their current loans and sector developments. The Bank of Uganda Governor, …
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Kampala, Uganda | THE INDEPENDENT | Bank of Uganda Governor Prof. Emmanuel Tumusiime-Mutebile has said Uganda’s private sector credit remains low at 12% of country’s Gross Domestic Product, an issue that has led to slow business growth. Private sector credit challenges According to Mutebile, in most cases it’s only large corporate …
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SUDHIR CASE: Plan to have BOU pay heavily Kampala, Uganda | JULIUS BUSINGE & ISAAC KHISA | Real estate tycoon Sudhir Ruparelia has won a major case in the High Court in Kampala that could see the Bank of Uganda pay him billions of shillings in costs and compensation for …
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Plan to have BOU pay heavily Kampala, Uganda | JULIUS BUSINGE AND ISAAC KHISA | Real estate tycoon Sudhir Ruparelia has won a major case in the High Court in Kampala that could see the Bank of Uganda pay him billions of shillings in costs and compensation for lost business …
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Kampala, Uganda | THE INDEPENDENT | The High Court Commercial Division has dismissed the Crane Bank (in Receivership) suit against Sudhir Ruparelia and Meera Investments, with Justice David Wangutusi ruling that they have no legal basis to sue. The judge dismissed the suit on Monday over lack of legal basis …
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Kampala, Uganda | THE INDEPENDENT | The Committee on Commissions, Statutory Authorities and State Enterprises-COSASE, has summoned the Central Bank Governor, Prof. Emmanuel Tumusiime Mutebile. Mutebile is supposed to respond to petitions related to closure of commercial banks next week on Thursday. The Constitution gives Parliamentary committees’ quasi powers of …
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But who is benefiting? Kampala, Uganda | JULIUS BUSINGE | Latest statistics from Bank of Uganda shows that private sector lending has gone up. But, a section of the private sector mainly traders, manufacturers, economic experts are saying that they are yet to benefit. Issa Sekitto, for instance, an importer …
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🇺🇬 Export earnings ⬆ 2017/18 – 2018/19 Gold 🥇 US$343m – US$1,068m Fish 🐠 US$146m – US$185m Tobacco US$54m – US$85m Cocoa B US$58m – US$73m 🇺🇬 Export earnings ⬇ 2017/18 2018/19 Coffee☕ US$492m …
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Kampala, Uganda | THE INDEPENDENT | The Speaker of Parliament, Rebecca Kadaga has directed the Committee on Commissions, Statutory Authorities and State Enterprises – COSASE to conduct proceedings on issues that were not concluded as pertains matters on the closure of seven commercial banks by Bank of Uganda. The seven banks …
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BOU, ACI move to work with Refinitiv, further cements Uganda’s efforts to attract long-term foreign direct investments Johannesburg, South Africa | THE INDEPENDENT | Refinitiv, the Central Bank of Uganda BOU, and the ACI Financial Markets Association of Uganda have announced that they will be working together to strengthen Uganda’s trade …
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The Independent Uganda: You get the Truth we Pay the Price