BOU clarifies that currency notes bearing Dep Governor’s signature are genuine Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has clarified on the Deputy Governor’s signature on currency notes, allaying fears that the notes could be fake. Since last month, pictures of currency notes bearing the signature of Dr …
Read More »
Earn it, keep it and sustain it Kampala, Uganda | THE INDEPENDENT | The current fragile economic situation is an opportunity for people and businesses to embrace a saving culture to be able to sustain growth of their enterprises and social wellbeing, financial sector experts have said. “Earn it, keep it …
Read More »
But Africa remains the most concerned region about consumer protection and cybersecurity risks | THE INDEPENDENT | Accountants now need to take advantage of the possibilities that come with FinTech given that the latter provides products that are solving actual problems, according to the Bank of Uganda Deputy Governor Michael …
Read More »
This is the 6th straight month it is rising causing anxiety in the interest rate market Kampala, Uganda | JULIUS BUSINGE | Inflation, as measured by the Consumer Price Index for Uganda for the 12 months to August 2022, increased to 9.0%, up from 7.9% registered in July 2022, according …
Read More »
BoU raised policy rate for a third straight time in a row signaling boost to interest rates | THE INDEPENDENT | Dfcu and DTB have recorded a surprise profit for the first six months of the year but the uncertainty remains ahead due to the prevailing tough economic times. Dfcu …
Read More »
BoU Deputy Governor urges financial sector players to leverage digitization to kindle demand for financial services | THE INDEPENDENT | How can we leverage advancements in digitalization to spark the demand for financial services by people at the bottom of the pyramid, and thus increase access to and usage of …
Read More »
It will boost manufacturing and bridge the funding gap to the sector that holds great potential for Uganda’s growth Kampala, Uganda | THE INDEPENDENT | Uganda’s commercial banks are planning to provide Shs1trillion in export credit facility to help local manufacturers boost their access to the regional markets. Sarah Arapta, …
Read More »
Experts back the move but say, the poor will be hit hardest Kampala, Uganda | JULIUS BUSINGE | On July 6, Bank of Uganda held an emergency monetary policy committee meeting and decided to increase the central bank rate (CBR) by one percentage point to 8.5%, the highest since the …
Read More »
Kampala, Uganda | THE INDEPENDENT | Bank of Uganda has decided to raise the Central Bank Rate by a percentage point to 8.5 percent as part of emergency measures against the spiraling inflation. This was decided at Tuesday’s emergency Monetary Policy Committee meeting called by the Central Bank Deputy Governor, Michael …
Read More »
The program is voluntary and is based on the informed assessment and judgement of the participating financial institutions Kampala, Uganda | THE INDEPENDENT | Fifteen Ugandan banks have signed onto the TradeClear platform to ease and boost interbank trade within the country. TradeClear is an interbank trading platform managed by …
Read More »
The Independent Uganda: You get the Truth we Pay the Price