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Tag Archives: bank of uganda

17 probed over shs60 billion stolen from Bank of Uganda

KAMPALA, UGANDA | THE INDEPENDENT | A joint team of investigators from Defence Intelligence and Security former Chieftaincy of Military Intelligence (CMI) and Criminal Investigations Directorate (CID) has so far probed 17 suspects connected to more than 60 billion shillings stolen from the Bank of Uganda. Sources told Uganda Radio Network …

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Technician sentenced to caution for damaging BoU air conditioners

Kampala, Uganda | THE INDEPENDENT | The Buganda Road Chief Magistrates Court has sentenced to caution, a Technician  Christopher Ssebirumbi attached to the Bank of Uganda for malicious damage to 31 Air Conditioners belonging to the Central Bank. Ssebirumbi 48, on Wednesday, appeared before Grade One Magistrate Siena Owomugisha who charged him …

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Central bank maintains benchmark rate at 10 percent

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. …

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