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Tag Archives: bank of uganda

BoU deputy governor rejects proposed constitutional amendments

Kampala, Uganda | THE INDEPENDENT |  Bank of Uganda (BoU) has disagreed with the proposed amendments to Article 161 of the Constitution regarding the composition of the Central Bank’s Board of Directors. The Deputy Governor Bank of Uganda Michael Atingi-Ego accompanied by other Central Bank officials on Wednesday presented their position …

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BoU seeks more time on proposed constitutional amendments

Kampala, Uganda | THE INDEPENDENT |  The Deputy Governor Bank of Uganda (BoU), Michael Atingi-Ego has asked parliament for more time to present the institution’s opinion on the proposed amendments to Article 161 of the Constitution regarding the composition of the Central Bank’s board and others. Atingi-Ego together with the BOU …

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Bank of Uganda withdraws from DTB Vs Ham Kiggundu appeal

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has withdrawn from the case in which Diamond Trust Bank (DTB) seeks to overturn a high court ruling which faulted Diamond Trust Bank-Uganda for collecting debts on behalf of its parent company DTB-Kenya. The judgement stemmed from a case filed by …

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Parliament queries continuous BoU recapitalization

Kampala, Uganda | THE INDEPENDENT | Henry Musasizi, the chairperson of Finance Committee of Parliament is suspicious that the government could be siphoning funds meant for the recapitalization of the Central Bank. He disclosed his suspicions during a meeting between legislators on the Budget committee, officials from the Ministry of Finance …

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Parliament approves loans worth UGX 18.6 trillion in 2020

Kampala, Uganda |  THE INDEPENDENT | Last year Parliament approved loans to the tune of 18.69 trillion Shillings, according to the report detailing the business transacted by the House in the year 2020.    The approved loans are up from the 6.15 trillion Shillings that legislators approved in 2019.  According to the …

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