Tag Archives: bank of uganda

Kampala, Uganda | THE INDEPENDENT | Uganda’s economic future is poised between opportunity and caution, according to top officials from the Bank of Uganda and the National Planning Authority (NPA). In a wide-ranging discussion this week, Professor Augustus Nuwagaba, Deputy Governor of the Bank of Uganda, and Dr. Muwawala, Executive …

Kampala, Uganda | THE INDEPENDENT | Finance Trust Bank will transition from a Tier I commercial bank to a Tier II credit institution effective April 1, following approval by the Bank of Uganda (BoU). The downgrade from a Tier I commercial bank to a Tier II credit institution followed a strategic …

Kampala, Uganda | THE INDEPENDENT | The Uganda Shilling has continued to strengthen against the US Dollar in recent months, even as the country went through parliamentary and presidential elections last week. By mid-January, the Shilling was trading at about 3,443 Shillings for buying and 3,453.18 Shillings as the official …

OPINION | Julius Businge | In 2011, monetary policy briefings at the Bank of Uganda Boardroom, Level 7, delivered by the late Prof. Emmanuel Tumusiime Mutebile and often flanked by his deputy, Dr. Louis Kasekende and other top technical officials, were must-attend events. As a business journalist, I—alongside others—made it …

Kampala, Uganda | THE INDEPENDENT | Banking practitioners in Uganda will soon be required to have a professional practicing license as the industry climbs up the professionalism ladder. This will be following in the footsteps of the legal, engineering, accountancy and medical industries whose professional standards are, by law, governed …

‎Kampala, Uganda | THE INDEPENDENT | The Ugandan Shilling continued strengthening against the US Dollar in the year 2024/25 as remittances, exports and new government policies. ‎The local currency ended June 2025, trading at an average mid-rate of 3,605.84 Shillings per dollar, compared to 3,653.40 per USD in May 2025, …

Kampala, Uganda | THE INDEPENDENT | Housing Finance Bank received two prestigious national awards in recognition of its critical role in strengthening Uganda’s economic resilience. The Bank was honored by the Bank of Uganda with the Agricultural Credit Facility (ACF) Award and the Small Business Recovery Fund (SBRF) Award. These …

Kampala, Uganda | THE INDEPENDENT | Bank of Uganda has hailed the innovative mobile and online lending products introduced by financial institutions, noting their significant contribution to financial deepening and inclusion. This innovation began in 2016 when NCBA Bank—then operating as Commercial Bank of Africa—partnered with MTN Uganda to launch …

KAMPALA, UGANDA | THE INDEPENDENT | One of Uganda’s leading mineral experts, Don Bwesigye Binyina has advised the Central Bank to move with caution as it intensifies the purchase of gold from local refineries. In June 2024. Bank of Uganda begun buying gold from local minersin a bid to boost …

KAMPALA, UGANDA | THE INDEPENDENT | Bank of Uganda is set to regulate operations of mortgage refinancing institutions once the Mortgage Refinance Institutions Bill, 2025 is passed into law. The Bill mandates the Central Bank to consider applications for approval to carry out Islamic mortgage refinance business. “A person shall …