Tag Archives: mutebile

The latest threat to commercial banking? At the end of November 2016, the Uganda Revenue Authority’s staff Savings and Credit Cooperative (SACCO) held up to Shs12.6 billion on its account as the cumulative savings of its members.That amount is triple the minimum capital requirement to start a Tier II bank …

Bank of Uganda has reduced the Central bank Rate (CBR) to 16% to ease monetary policy for potential economic growth. BOU maintained the rediscount rate and bank rate at 20%and 21% respectively, the policy will also maintain the core inflation over the next quarters, so as to target 5% of the …

By Enock Nyorekwa Twinoburyo His recent statements are same as swearing never to drink again on a hangover morning In recent days, the public has been awash with the recent Bank of Uganda (BoU) Governor’s public statement on being misled in 2011 election spending, subsequently leading for a record high …

By Andrew M. Mwenda What the governor’s statement tells us about what will happen in 2016 Bank of Uganda (BoU) Governor Emmanuel Tumusiime-Mutebile recently revealed that during the 2011 presidential elections, the government approached the Central Bank for large sums of cash to finance a supplementary budget. BoU obliged. Mutebile …

By Julius Businge The Governor of the Central Bank of Uganda, Prof. Emmanuel Tumusiime Mutebile has today (Jan. 3) announced that they will maintain the policy lending rate-the Central Bank Rate (CBR) at 11.5%, the same as that of December last year after inflationary pressures continued to abate in December, …

By Julius Businge The Bank of Uganda Governor, Emmanuel Tumusiime Mutebile, has said that if donors go ahead and cut aid to Uganda, the country’s economic growth rate will reduce by about 0.7%. “That’s if they cut because we hear some have cut and others haven’t,” Mutebile told a press …

By Julius Businge The Bank of Uganda has reduced the central bank rate (CBR) to 12.5% in November from 13% in October with the aim to influence cuts in commercial bank lending rates and boost economic growth, central bank governor Emmanuel Tumusiime Mutebile told reporters in Kampala on Nov. 1. …

By Joseph Were Museveni’s schmoozing with Stiglitz bad news for Mutebile When President Yoweri Museveni spoke at this year’s Joseph Memorial lecture in Kampala of the desirability of a “hybrid” economy, he marked a retreat from the current free market regime to his mixed economy days of the 1980s.  Time …

By Andrew M. Mwenda President should not jump from one arbitrary position to another in service of popular sentiment Since The Independent broke the story of businessman Hassan Basajabalaba’s Shs 169 billion “compensation” last year, two ministers have resigned and three members of staff at State House have been fired. …

By Peter Nyanzi The NRM Caucus might have saved him, but stepping down could enable a post-Mutebile BoU to redeem its frayed image What is happening to Bank of Uganda Governor Emmanuel Tumusiime Mutebile is clearly a big test, not just for him as a technocrat but also for the …