Kampala, Uganda | THE INDEPENDENT | Uganda is presently enjoying trade surplus with all her neighbours, according to the Bank of Uganda. Trade surplus is the amount by which the value of a country’s exports exceeds the cost of its imports. According to Adam Mugume, Bank of Uganda’s Executive Director for …
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Kampala, Uganda | THE INDEPENDENT | Justice Irene Mulyagonja, the Inspector General of Government – IGG has observed that the on-going probe on Bank of Uganda – BoU is a result of poor governance practices. Mulyagonja says that failure to enforce good governance practices enabled corrupt officials at Central Bank …
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The Bank of Uganda has maintained the benchmark central bank rate at 10 percent. Kampala, Uganda | THE INDEPENDENT | Governor BoU Emmanuel Tumusiime Mutebile says that the 12-month inflation forecast has improved slightly relative to October 2018 forecast. The Consumer Price Index data by Uganda Bureau of Standards indicates that …
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The danger of hunters of personal gain forcing an indecisive executive to dance to their tune in the legislative gallery COMMENT | Joseph Were | For some smart minds, the parliament probe into Bank of Uganda’s sale of seven commercial banks over 23-years from 1993 is the peak of absurdity. That …
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Kampala, Uganda | THE INDEPENDENT | The Chief Executive Officer of the Insurance Regulatory Authority has vehemently opposed government proposal to merge it with Bank of Uganda. Ibrahim Lubega Kaddunabbi says while the idea of rationalizing government agencies is not bad, the method was wrong citing lack of consultation as an …
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Why former BoU supervision director defied parliamentary probe Kampala, Uganda | HAGGAI MATSIKO | A sitting of the Parliamentary Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) which is probing Bank of Uganda’s dissolution of seven commercial over 23 years turned dramatic on Nov.20 when central bank officials contradicted …
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Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda says that it is ready to defend the termination of the contracts of former employees of Crane Bank. Last month, 400 former employees of Crane Bank through their lawyer Isaac Ssemakadde wrote a statutory notice to Bank of Uganda demanding 120 …
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Kampala, Uganda | THE INDEPENDENT | The top stories in this week’s THE INDEPENDENT. COVER STORY Justine Bagyenda: Why former BoU supervision director defied parliamentary probe THE LAST WORD Uganda’s performance paradox: How Museveni behaves like his critics in undermining the credibility of his own government. NEWS ANALYSIS …
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Arua, Uganda | THE INDEPENDENT | The central bank has cautioned the public against borrowing from unregulated bodies. Balaam Ssempala, the Deputy Director Deposit Protection Unit in the Central Bank says that in the event of liquidation or closure of such unregulated institutions, the depositor stands a high risk of …
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Museveni meets Mutebile Behind the scenes efforts to save Kasekende, Mutebile Kampala, Uganda | HAGGAI MATSIKO | What would you say if you saw President Yoweri Museveni and embattled Bank of Uganda Governor Tumusiime Mutebile in a meeting at this time? What if that meeting, which in fact happened last week, …
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The Independent Uganda: You get the Truth we Pay the Price