Tag Archives: bank of uganda

  Kampala, Uganda I URN |  Economist Dr Fred Muhumuza has questioned Bank of Uganda’s decision to raise its benchmark interest rate to 12%, arguing that government borrowing and persistent fiscal deficits are distorting investment decisions and weakening the productive sectors needed to generate foreign exchange. Muhumuza said the 2.25 …

  The Bank of Uganda cut its growth forecast for the 2026/27 financial year to between 6% and 6.5%, from an earlier projection of 7% to 7.5%   Kampala, Uganda | AGENCIES | Uganda’s central bank has raised its benchmark interest rate to 12% for the first time in two …

  Petrol prices have jumped to Shs7,000 per litre from Shs4,000 in September, as the dollar climbs to Shs4,000 from Shs3,700   Kampala, Uganda | JULIUS BUSINGE | Uganda’s government is resisting broad fuel subsidies and artificial support for the shilling, a decision that could prolong pressure on households and …

Kampala, Uganda | URN | The Bank of Uganda has attributed the continued depreciation of the Uganda shilling against the US dollar to the ongoing conflict in the Middle East and fluctuations in global coffee prices. A few months ago, the Uganda shilling was trading at around Shillings 3,740 against …

Kampala, Uganda | URN | The Director of Public Prosecutions has been ordered to disclose the exhibits it intends to rely on in the trial of nine Finance Ministry and Bank of Uganda officials accused of manipulating government payment systems in a scheme that allegedly caused losses of about Shs60 …

Kampala, Uganda | URN | The Buganda Road Chief Magistrates Court has remanded eight people, including Counter Terrorism Police officers and private security guards attached to the security detail at the Bank of Uganda, on charges of neglect to prevent a felony in connection with an alleged office break-in and …

With a new dashboard, the Bank of Uganda is finally mapping the billions of  dollars sent home by its diaspora   Kampala, Uganda | RONALD MUSOKE | In the early morning hours at Entebbe International Airport, the departure hall often fills with a quiet, nervous energy. Small groups of young Ugandan …

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 …