Tag Archives: bank of uganda

Projections foresee sustained economic growth, propelled by investments in the oil and gas and mining sectors Kampala, Uganda | THE INDEPENDENT | In a strategic move to stabilize the country’s economic conditions, Uganda’s central bank has opted to maintain the Central Bank Rate (CBR) at 9.5%, despite a further decline in …

Kampala, Uganda | THE INDEPENDENT | Bank of Uganda Golfers have won the CEO’s Annual Bankers Golf Sports Gala at the Uganda Golf Club. The central bank team, that returned with 107 points, was spurred by Kenneth Egesa with 36 points, Serwano Walusimbi with 35 points while Kalisa Katongole and …

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has opted to maintain its base interest rate, the Central Bank Rate at 10 percent despite the sustained fall in inflation since late last year. The CBR is an indicator of the cost of money to commercial banks, on which …

Kampala, Uganda | THE INDEPENDENT | In an exclusive interview with the African Business, the Deputy Governor of the Bank of Uganda, Michael Atingi-Ego, talks about how the bank is dealing with inflation and the opportunities presented by oil and gas projects in the country How would you describe the current …

Kampala, Uganda | THE INDEPENDENT |  Bank of Uganda has decided not to further tighten money circulation in the economy by maintaining the Central Bank Rate at 10 percent. This decision by the Monetary Policy Committee was based on the fact that inflation is starting to slow down from the …

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda (BoU), Uganda’s central bank, on Monday left the Central Bank Rate (CBR) at 10 percent for the second time, saying it is still effective to control the rise in inflation, bring stability in lending rate, exchange rate and drive economic growth. …

Kampala, Uganda | THE INDEPENDENT | The Deposit Protection Fund-DPF, is moving towards instant payment of depositors in case a bank closes, under the digitization program objectives of the fast-growing fund. Currently, the Fund is confident they can start compensating depositors ‘in the unlikely event of a bank closing, a month …

Kampala, Uganda | THE INDEPENDENT | The Uganda shilling ended the year 2022 on a strong not having appreciated against the US dollar over the previous few months. According to the Ministry of Finance, Planning and Economic Development, the Ugandan shilling appreciated by 1.9 percent in December against the US Dollar, …

Kampala, Uganda | THE INDEPENDENT | Kalungu West Member of Parliament, Joseph Ssewungu has raised concern about the delayed appointment of the Central Bank Governor. Ssewungu raised the issue during the plenary sitting on Wednesday and recounted that for more than a year, the Central Bank has operated without a substantive …

Kampala, Uganda | THE INDEPENDENT | The government is to pay Shs2.5 trillion to the Bank of Uganda (BoU) in matured securities after its repayment was disrupted by the advent of COVID-19. The money is a domestic loan acquired by the government through the Bank of Uganda as an intermediary for individuals …