Tag Archives: BOU

  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 …

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 …

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 …

🇺🇬 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  …

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 …

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 …

Kampala, Uganda | THE INDEPENDENT | Dr Louis Kasekende, the Bank of Uganda Deputy Governor, has said he is irked by the high charges placed on mobile money transactions every time one sends or withdraws money. Kasekende told a gathering in Kampala on Wednesday: “I must express our displeasure at …

Insurance could unlock finance in agribusiness; boost farmer’s productivity and incomes Kampala, Uganda | ISAAC KHISA | Christopher Elema, 40, a maize farmer in Kiryandongo District, located 225kms, north-west of Kampala, was in February this year paid Shs6.5million as compensation for his failed crop yields. He had planted 40 acres …

Behind Nakalema, Akullo investigation Kampala, Uganda | HAGGAI MATSIKO | At 10am on June 12 Col. Edith Nakalema, Assistant Inspector General of Police (AIGP) Grace Akullo and their team arrived at Bank of Uganda (BoU). Nakalema who is the head of the Anti-corruption Unit-State House and Akullo who is the …

  Kampala, Uganda | THE INDEPENDENT | The top stories in this week’s THE INDEPENDENT. COVER STORY BoU’s printing money saga: Behind Nakalema, Akullo investigation THE LAST WORD The tyranny of expert advice: Why Africans need to look beyond the oversimplification of our development challenges HEALTH Hepatitis B in Uganda: …