Tag Archives: BOU

Kampala, Uganda | THE INDEPENDENT | These are the top stories in this week’s THE INDEPENDENT. COVER STORY Uganda elections fake: Expert body lists them among worst on the globe THE LAST WORD The risks of the war in Ukraine: How America’s current leadership is leading the world into a slippery …

Kampala, Uganda | THE INDEPENDENT | Afriland First Bank Uganda will go into Uganda’s history books as the first commercial bank to voluntarily close shop and quit the market. The move by the shareholders of the bank also makes it the shortest journey of a business entity in Uganda’s banking …

Nine out of the 26 commercial banks register a decline in profits in 2021 Kampala, Uganda | THE INDEPENDENT | Nine out of the 26 registered commercial banks in Uganda registered a decline in profits in 2021, compared to the previous year. Over the same period, eight banks registered a …

Kampala, Uganda | THE INDEPENDENT | Officials from Bank of Uganda and the National Planning Authority (NPA) have told Members of Parliament that the state of the economy is struggling because of global related factors. The officials were interfacing with the Committee on National Economy to discuss the state of the …

Borrowers took more loans in 2021 compared to a year before Kampala, Uganda | THE INDEPENDENT | Uganda’s largest commercial banks reported a sharp growth in earnings in 2021, pointing to the recovery of the economy following its partial reopening. However, some are worried about risks arising from inflation and …

Why those who thought they were above the law will soon realise that this is not the case THE LAST WORD | ANDREW M. MWENDA | On February11, businessman Sudhir Ruparelia won yet another victory in the Supreme Court against Bank of Uganda over the fate of Crane Bank. The …

BoU says 2022 economic outlook is more positive than earlier projected Kampala, Uganda | JULIUS BUSINGE | There is good news from Bank of Uganda indicating a big rebound in economic growth in 2021, meaning Ugandans got more money in their pockets to buy goods and services. In its monetary …

Kampala, Uganda | THE INDEPENDENT | Bank of Uganda (BOU) has reported that the economy is estimated to have grown by between 6.5 and 7 percent in 2021, compared to a 1.5 percent contraction in 2020, when the COVID-19 pandemic forced parts of the economy to shut down. Deputy Governor  Dr. …

Kampala, Uganda | THE INDEPENDENT | The decision by the Supreme Court of Uganda that Crane Bank Ltd reverts to owners Sudhir Ruparelia and co-shareholders raised public excitement, for various reasons, including an assumed return of the bank into the banking industry. There were concerns about the financial implications of …

Kampala, Uganda | THE INDEPENDENT | The Supreme Court has this morning ruled that Crane Bank ownership reverts to businessman Sudhir Ruparelia, in a judgment that puts an end to a five-year legal battle preceded by the closure of the Bank The judgment was made this morning as the court …