Tag Archives: BOU

Kampala, Uganda | THE INDEPENDENT | Companies and individuals importing gold for refining in Uganda and re-exportation must classify its origin in an effort to stop the trade in conflict minerals. According to the Central Bank, the order is one of the efforts to understand the source of the country’s …

Expert views on how the economy could be put on the right growth path Kampala, Uganda | JULIUS BUSINGE | There is a general consensus that Uganda’s economy has recently improved and now is doing well. This is coming from highly respected institutions like the International Monitory Fund, World Bank, …

Kampala, Uganda | THE INDEPENDENT | The Governor Bank of Uganda – BoU Professor Emmanuel Tumusiime-Mutebile has warned commercial banks against charging high-interest rates to loan applicants. Professor Mutebile made the remarks on Thursday during a meeting with residents of the Rwenzori region at Kalya Courts in Fort Portal. A …

MUTEBILE: What happens next? Kampala, Uganda | HAGGAI MATSIKO | Anxiety is building about what the future holds for management of Uganda’s economy as the curtain slowly comes down on three prominent figures; Bank of Uganda Governor Tumusiime Mutebile, his deputy Louis Kasekende at Bank of Uganda, Secretary to the Treasury …

  Kampala, Uganda | THE INDEPENDENT | The Minister of Finance, Planning and Economic Development, Matia Kasaija has said the zero interest system in Islamic Banking should attract a good number of Ugandan entrepreneurs. According to Kasaija, Ugandans have been reluctant to borrow from banks due to the high interest rates …

Kampala, Uganda | THE INDEPENDENT | Bank of Uganda statistics indicate that the country exported goods and services worth $299 million in January.  This is an increase of $11 million compared to the value of goods and services exported in December 2018 valued at $288 million. The monthly statistics released …

Can Kasekende, Mutebile, Ssekabira, Bagyenda escape?   Kampala, Uganda | HAGGAI MATSIKO | Fire. Prosecute. Jail. These appear to be some of the recommendations many expected to be in the report that Abdul Katuntu, the Bugweri County legislator and chairman of the Parliamentary Committee on Commissions, Statutory Authorities, and State Enterprises …

  Kampala, Uganda | THE INDEPENDENT | Bank of Uganda has been blamed for failing to supervise management in the process of liquidating financial institutions. In the COSASE report to parliament tabled by the committee Chairperson Abdu Katuntu, the Central Bank Board’s failure to supervise liquidation of the defunct banks …

Kampala, Uganda | THE INDEPENDENT | Bank of Uganda should take full responsibility for any likely loss resulting from the closure of Greenland Bank. This is according to a report by Parliament’s committee on Commissions, Statutory Authorities and State Enterprises (COSASE). Greenland Bank was in 1999 put under liquidation by …

Mutebile maintains CBR at 10% and projects 6.3% growth of the economy Kampala, Uganda | JULIUS BUSINGE | Borrowers from commercial banks will not experience changes in lending rates in the coming few months after Bank of Uganda maintaining the central bank rate –which influences changes in interest rates market …