Tag Archives: mutebile

Coronavirus catastrophe: How it could plunge Uganda’s economy into crisis Kampala, Uganda | PATRICIA AKANKWATSA & AGENCIES | On a normal day, the Kikuubo trading hub in downtown Kampala buzzes as thousands of traders and customers with wads of cash haggle over prices of all kinds of merchandise, most of which …

But government needs to focus beyond fighting locusts and coronavirus Kampala,Uganda | JULIUS BUSINGE | Uganda’s economy is expected to remain strong supported by an accommodative monetary policy and the resultant growth in the private sector credit, latest data from Bank of Uganda shows. The data contained in the February …

Kampala, Uganda | THE INDEPENDENT | Bank of Uganda Governor Emmanuel Tumusiime-Mutebile has said that commercial banks have flatly refused to take his advice as regards to reducing interest rates. Mutebile, who was reading the February monetary policy statement on Thursday, said very few banks have taken his advice but …

 Its managers must not focus on 2020 but on long term solutions, expert says Kampala, Uganda | JULIUS BUSINGE | Uganda’s economy is projected to remain subdued in 2020, signaling another challenging economic environment ahead. Emmanuel Tumusiime-Mutebile, the governor Bank of Uganda revealed that 2019’s projected growth of 5.5-6.0% is …

Kampala, Uganda | THE INDEPENDENT | Several Bank of Uganda staff expect the contract of the Deputy Governor Dr Louis Kasekende to be renewed in the coming days. Dr Kasekende’s contract will expire on 18 January 2020, completing a decade in the same position and making him the longest-serving deputy …

Growth is projected to range between 5.5-6% compared to 6.2% in 2018 Kampala, Uganda | JULIUS BUSINGE | Uganda’s economy performed below expectations especially towards the end of the year, according to the latest Bank of Uganda Monitory Policy Report. In addition, an analysis of the different monetary policy reports, …

Kampala, Uganda | JULIUS BUSINGE | In the past few days social media has been awash with pictures of currency notes with political messages written on by suspected supporters of President Yoweri Museveni and Kyadondo East Member of Parliament, Robert Kyagulanyi (Bobi Wine). The notes in question are of Uganda …

Kampala, Uganda | THE INDEPENDENT | Tourism earnings are estimated to have grown slower in the first ten months of 2019, according to to the Central Bank. The government had planned to attract more than one million tourists this year on top of the 1.8 million people received in 2018, …

Industry executives to respond to Mutebile’s call upon carefully evaluating their commitments with clients Kampala, Uganda | JULIUS BUSINGE | Commercial Bank top executives plan to respond to the central bank’s call to lower interest rates upon carefully analyzing their current loans and sector developments. The Bank of Uganda Governor, …

  Industry experts foresee a competitive, innovative and technology driven sector   Kampala, Uganda | JULIUS BUSINGE | Rivalry in Uganda’s banking sector is expected to tighten following the central bank’s decision to grant two entities licenses to start banking business. These are Afriland First Bank Uganda Limited, a Cameroonian …