Tag Archives: BOU

Kampala, Uganda | THE INDEPENDENT | The government is getting many of its economic priorities wrong which could plunge it into deeper crisis even as it tries to recover from the effects of a three-year global slowdown, according to experts. Economic and financial experts say the critical areas that need special …

Kampala, Uganda | THE INDEPENDENT | Uganda’s central bank maintained the Central Bank Rate at 10% saying it is still effective to control the rise in inflation, bring stability to the lending and exchange rate, and drive economic growth. Uganda Bureau of Statistics reported at the end of last month that …

Kampala, Uganda | THE INDEPENDENT | A concerned citizen has petitioned the Attorney General Kiryowa Kiwanuka to remind President Yoweri Museveni to appoint a substantive governor of the Bank of Uganda-BOU. Through his lawyers of Nalukoola Advocates and Solicitors, Hajji Yunus Ntale, reminds the state that the Governor’s office has for the last …

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has been tasked to explain how it seized and sold off assets of the Co-operative Bank of Uganda, without liquidating the institution. According to the records available, the Co-operative Bank was registered in 1964 under the Cooperatives Act and has never …

  Kampala, Uganda | THE INDEPENDENT | Practitioners in the banking and financial services industry have been urged to maintain their ethics amid the current slowdown in economic activity, the Executive Director for Supervision at the Bank of Uganda – Dr Twinemanzi Tumubweine – has said. While addressing bankers during …

Kampala, Uganda | THE INDEPENDENT | The Speaker of Parliament, Anita Among has given the government two weeks to present before the House a Bill seeking to give commercial banks power to regulate Islamic banking. This was during the plenary sitting on Wednesday in which Members of Parliament queried the delayed …

Cellulant will now be able to develop its operations locally and regionally while providing re-assurance to its business partners Kampala, Uganda | RONALD MUSOKE | Cellulant, a pan-African payment technology company, has been granted a payments systems operator licence by Uganda’s central bank—the Bank of Uganda. The licence is in …

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda is confident that its recent policies against rising inflation and foreign exchange are beginning to bear fruit, through external challenges remain. The country faced a spiral in inflation over the last nine months, which rose from less than 3 percent in february …

Kampala, Uganda | THE INDEPENDENT | The Deputy Governor of the Bank of Uganda, Michael Atingi-Ego has told parliament that the country’s public debt has now hit 80 trillion Shillings. He says that Uganda’s debt servicing in the current financial year 2022/2023, is at a ratio of tax revenue estimated at …

Kampala, Uganda | Xinhua | Uganda is grappling with double-digit inflation as spillover effects of the global economic decline filter through the domestic economy, the country’s central bank, Bank of Uganda (BOU) has said. Domestic inflation hit double digits for the first time in a decade, rising to 10 percent in …