Tag Archives: Governor Mutebile

Kabale, Uganda | THE INDEPENDENT | A yet-to-be-identified man was arrested for disrupting the burial service of the fallen Bank of Uganda Governor Emmanuel Tumusiime Mutebile. The function was being held at Kigezi High School playground in Northern division, Kabale municipality. The function attracted hundreds of mourners including Prime Minister Robinah …

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has revised its growth projections for this financial year. BoU says that all high-frequency indicators available show that the momentum of economic activity for the quarter to July 2021, subsided. The tourism sector was expected to grow much faster when Entebbe …

Kampala, Uganda | THE INDEPENDENT | Bank of Uganda Governor Emmanuel Tumusiime-Mutebile has warned commercial banks that the central bank may be forced to impose limits on interest rates they can charge on loans. Mutebile, who appears to make a U-turn from an earlier position that banks can charge borrowers …

Kampala, Uganda | THE INDEPENDENT | Bank of Uganda has said Uganda’s economy will only expand by 3-4% this financial year, half the earlier projection of 6% as the impact of coronavirus hits home. In the April 2020 monetary policy statement, BoU Governor Emmanuel Tumusiime-Mutebile noted that this is because …

Kampala, Uganda | THE INDEPENDENT  | Parliament’s Finance Committee has summoned the Bank of Uganda Governor Emmanuel Tumusiime Mutebile to explain the continued recapitalization of the institution. This follows a fresh request by the Ministry of Finance to recapitalize the Central Bank with Shillings 481.7 billion Shillings in the coming financial …

Kampala, Uganda | THE INDEPENDENT | Three Bank of Uganda employees charged in the anti-corruption court over a procurement scandal, have taken leave from office in line with the Public service rules that require a public servant to step aside, in the face of an investigation. The three officials are …

Kampala, Uganda | THE INDEPENDENT | The Bugweri County Member of Parliament, Abdul Katuntu, says there is need to address Governance issues in Bank of Uganda-BoU to curb scandals rocking the central bank. Katuntu, who chaired the Committee on Commissions Statutory Authorities and State Enterprise-COSASE, says there is a big …

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda Governor Emmanuel Tumusiime-Mutebile has refused to reveal the amount of money the institution was carrying into the country when extra pellets were discovered on a chartered plane. He also said he was not aware of the police investigations into claims of …

Kampala, Uganda | THE INDEPENDENT | Government Spokesperson Ofwono Opondo has dismissed a report that the ongoing investigation into a procurement scam involving the Central Bank involves the printing of extra currency by some Bank of Uganda (BoU) officials. Earlier media reports quoted Police Spokesperson Fred Enanga saying that Police …

Kampala, Uganda | THE INDEPENDENT | The Police Criminal Investigations Director Grace Akullo has taken control of investigations on a procurement scandal involving top officials in the Central Bank. Police Spokesperson Fred Enanga said Akullo has been assigned to ensure that the investigation is thoroughly conducted to leave no stone …