Tag Archives: bank of uganda

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 …

KAMPALA, UGANDA | THE INDEPENDENT | The Directorate of Public Prosecutions has informed the Anti Corruption Court Magistrate that investigations into charges of causing the government a 60 billion shillings financial loss through manipulation of Finance Ministry and Bank of Uganda payments systems are incomplete. Prosecutor Richard Birivumbuka on Tuesday told …

Tororo, Uganda | THE INDEPENDENT | The Governor Bank of Uganda, Michael Ating -Ego has asked financial institutions and stakeholders to re-channel business model strategies that can lift subsistence agriculture to the money economy. Ating was on Saturday speaking at Rock Classic Hotel Tororo district during a meeting organized by …

KAMPALA, UGANDA | THE INDEPENDENT | The Anti-Corruption Court in Kampala has remanded another official from the Ministry of Finance and Economic Planning on charges of conspiring with eight others to cause the government a financial loss through the manipulation of payment systems. On Tuesday, the Court presided over by …

Kampala, Uganda | THE INDEPENDENT | President Yoweri Kaguta Museveni has appointed Dr. Micheal Atingi-Ego Governor of the Bank of Uganda and Augustus Nuwagaba as the new Deputy Governor. Atingi-Ego who has been serving as the Deputy Governor of the Bank of Uganda replaces the late Emmanuel Tumusiime Mutebile, who died in January 2021, …

Kampala, Uganda | THE INDEPENDENT | The Criminal Investigations Directorate (CID) has submitted the cases of nine suspects in the Bank of Uganda (BOU) money heist to the Directorate of Public Prosecution for perusal and legal advice. DPP is expected to guide on which offences should the suspects face. CID …

Kampala, Uganda | THE INDEPENDENT | The country’s inflationary landscape has seen a mixture of modest improvements and persistent challenges. According to the Uganda Bureau of Statistics (UBOS), the Annual Average Headline Inflation for 2024 was registered at 3.3 percent, a significant improvement from the 5.4% recorded in 2023. The drop …

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 …

Michael Atingi-Ego confirms Bank of Uganda has joined “Shining Gold Rush” Kampala, Uganda | THE INDEPENDENT | When the Bank of Uganda announced its intention to purchase gold from artisan, small, medium, and large-scale miners, some players in the precious stones industry wondered why a sudden policy reversal. It has been …