Tag Archives: BOU

Kampala, Uganda | THE INDEPENDENT | Leaders in the banking industry say that they have failed to identify people who qualify for the government’s COVID-19 relief fund meant for small and medium enterprises. It comes a few days after the Bank of Uganda revealed that only Shillings 6 billion out of …

COMMENT | MOSES KAKETO |  Imagine waking up one day to find MTN Uganda operating electric purses, issuing debit cards and prepaid cards, taking fixed deposits, and investing some of the money they get in bonds and securities. Industry experts apparently believe this to be a fairly accurate dream. The road to the …

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda (BOU) has admitted that a package introduced to rescue small and micro enterprises from the effects of COVID-19, has hardly worked, almost one and a half years later. According to information from the Bank, just six billion shillings has been …

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 …