Tag Archives: BOU

VIDEO: Helping customers realize life ambitions by looking after their money and wealth is key to restoring trust and confidence in Uganda’s banking industry. According to Elliot Mwebya the Executive Director Governors office, Ugandan banks have a big task to build trust and confidence with the Ugandan public. Share on: WhatsApp

VIDEO: Bank of Uganda governor Prof Emmanuel Mutebile has announced a 1 percentage point reduction in the CBR to 13% from 14% in the month of August as BOU continues to lower the Central Borrowing Rate with the hope of supporting domestic economic growth especially amidst the ongoing global economic slowdown. According to …

When the Central bank reduced its key bank rate to 14% from 15% early this month, it was expected that commercial banks would respond by cutting their lending rates. This was the third time in a row the Central bank was reducing the CBR by 100 basis points the others …

What anniversary year  says about the state of the monetary policy signal COMMENT: Geoffrey A Onegi-Obel   The Bank of Uganda on August 2 and 3 capped a series of celebratory Golden Jubilee activities with the annual Joseph Mubiru Memorial Lecture and an Anniversary Day with President Yoweri Museveni as the …

Bank of Uganda Monday reduced the Central Bank Rate (CBR) by I percentage point to 14 percent. CBR is the rate of interest which a central bank charges on the loans and advances to a commercial bank. BOU governor Tumusiime Mutebile said that because inflation is forecast to stabilize around the policy target of …

S&P keeps Uganda at B/B credit rating, Central bank governor happy over assessment   Increased investment in the infrastructure projects has helped Uganda to maintain its credit rating, according to the latest Standards and Poor report which maintained the country’s B/B rating. That is a mid-level assessment which is way …

New report by BOU, UBOS shows decline in foreign direct investments, local sales revenues Uganda saw a decline of $40 million in foreign direct investments (FDI) in 2015, according to a survey conducted by Bank of Uganda in conjunction with the Uganda Bureau of Statistics, Private Sector Foundation Uganda, Uganda …

Cover story: Billions borrowed from PTA Bank cause jitters News Analysis: Where is hope for Burundi?   Feature: Unusual heat waves in Africa will soon be the norm, study says Health: Tackling TB Testing   Business BATU owners to share Shs 20 bn   LAST WEEK IN THE INDEPENDENT ( …

By Julius Businge Bank of Uganda has responded to the rise in banks’ non-performing loans and other assets (NPAs) recorded in 2012 arguing that the rise was mainly attributed to the macroeconomic challenges in 2012. The bank however, in an email to this magazine was quick to say that the …

By Julius Businge The Bank of Uganda has today-Dec. 7 announced that the 1987 series banknotes will cease to be legal tender on March 30, 2013. Addressing a press conference at the Bank’s head offices in Kampala on Dec. 6, Louis Kasekende, the deputy governor said the public should not …