Tag Archives: BOU

VIDEO: BOU Governor warns against capping of interest rates Kampala, Uganda | NTV UGANDA | Bankers and Business captains attending the annual bankers conference held at the Kampala Serena conference center on Wednesday  July 19, 2017,  observed that digital financial services possess the silver bullet that has the potential to unlock …

VIDEO: D9 defies Central Bank directive Uganda | NBS TV UGANDA|  D-9, is considered a shadowy multi-level marketing company by many but it has vowed to defy Bank of Uganda’s decision to freeze the company’s bank accounts. They insist they should have been consulted. The company,  largely operating online, says its work …

Kampala, Uganda| GODFREY SSALI|  Bank of Uganda (BOU) has defended itself in a suit filed against it over misuse of money at the late Ivan Ssemwanga’s burial,  maintaining that it duly executed its duty in this matter and cannot be faulted for failing to take any action. The case came …

  Says revamping the economy will depend on government spending Kampala, Uganda | Julius Businge | The Central Bank has once again lowered its indicative lending rate, the Central Bank Rate, in a bid to push commercial bank rates down and spur private sector borrowing in the next three months. …

Kampala, Uganda | JULIUS BUSINGE |  Bank of Uganda has today (June 19) announced a reduction of the Central Bank Rate (CBR) by 1 percentage point to 10%. Governor Emmanuel Tumusiime Mutebile made the CBR announcment that sends a signal to the market on the direction of interest rates. This rate, that …

Government given 15 days to defend itself in the Ivan ‘Don’ Ssemwanga funeral money court case The High Court in Kampala has  given the Attorney General and Bank of Uganda 15 days to file a written defence explaining why they never restrained socialites from the self styled “Rich Gang” from …

Bank of Uganda and A-Plus funeral management dragged to court over the late Ivan “Don” Ssemwanga Bank of Uganda makes statement, warns on misuse of the Uganda shilling note  New Bank of Uganda Act in offing  A concerned citizen, a one Abey Mgugu, has dragged A-Plus funeral management and Bank …

Tropical Bank takes lead with more than 8000 customers interested in taking up Islamic banking services The Secretary General of the Association of National Development Finance Institutions in Member Countries of the Islamic Development Bank (ADFIMI), Nuri Birtek says Uganda’s commercial banks and investors need to support small and medium …

Mubaraka Nkuutu Kirunda has been acting as the executive director at Uganda Manufacturers Association (UMA) for about four months. He spoke to The Independent’s Julius Businge about the prospects of Uganda’s manufacturing sector. Manufacturing is among sectors that experienced negligible growth in the first half of this financial year (the …

It now joins Stanbic, Stanchart, DFCU, DTB that have also recorded surge in profits in 2016 Uganda’s commercial banks spent almost the entire of last year worried about making money in a rather challenging economic environment that was characterised by high interest rates amidst slow economic activities. But they seemed …