Bank of Uganda chose to keep the Central Bank Rate at 10.25% for the next two months Kampala, Uganda | THE INDEPENDENT & AGENCIES |The BoU Monetary Policy Committee forecasts a lower inflation rate of between 5 and 5.4% next financial year as the shilling is expected to be more …
Read More »Bank of Uganda: Oil will attract FDI in excess of $15bn in the medium term
Kampala, Uganda | THE INDEPENDENT | In an exclusive interview with the African Business, the Deputy Governor of the Bank of Uganda, Michael Atingi-Ego, talks about how the bank is dealing with inflation and the opportunities presented by oil and gas projects in the country How would you describe the current …
Read More »MPs reject proposal to limit term of BoU deputy governor
Constitutional Amendment Bill 2020 introduced by Michael Maranga seeks to limit the term of the deputy governor and the board members to only ten years. Kampala, Uganda | THE INDEPENDENT | The Legal and Parliamentary Affairs Committee of Parliament has rejected a proposal to have the deputy governor Bank of Uganda (BoU) serve …
Read More »MPs question BoU operations without Deputy Governor
Kampala, Uganda | THE INDEPENDENT | Members of Parliament are concerned about the delayed appointed of Deputy Governor Bank of Uganda, saying it will cripple the work of the institution. The contract of the Deputy BoU Governor, Dr. Louis Kasekende expired on January 15th, 2020. However, the president is yet to appoint …
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