Tag Archives: bank of uganda

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda Governor Emmanuel Tumusiime-Mutebile has refused to reveal the amount of money the institution was carrying into the country when extra pellets were discovered on a chartered plane. He also said he was not aware of the police investigations into claims of …

Kampala, Uganda | THE INDEPENDENT | Several officials from the Bank of Uganda and the Civil Aviation Authority are being questioned following an anomaly with a consignment belonging to the central bank. According to a Statement issued by the Central Bank Governor Emmanuel Tumusiime Mutebile the investigation is in relation …

Kampala, Uganda | Julius Businge | The Bank of Uganda Governor Emmanuel Tumusiime Mutebile has advised the general public to take note of the changes made by the Central Bank of Kenya on its currencies. In a media release circulated on June 12, Mutebile urged the public to be vigilant when transacting …

Kampala, Uganda | THE INDEPENDENT | Businesses and money changers have suffered major disruptions following the suspension of the Kenyan currency conversion in Uganda. Consequently, many have seen the value of their money fall but also had to contact their friends near the border to help them do conversions in …

  Kampala, Uganda | THE INDEPENDENT | Bank of Uganda Deputy Governor Dr Louis Kasekende has dispelled claims that the Agriculture Credit Facility (ACF) administered by the central bank was nonfunctional, saying there are success stories to speak for it. Kasekende was speaking at the ten-year anniversary of the facility …

Kampala, Uganda | THE INDEPENDENT | Uganda exported Gold worth $363m (1.3trillion shillings) in March alone, according to Bank of Uganda. This is the first time the country has exported gold worth that much ever in a single month. This brings the total export for the three months to March 2019 …

Kampala, Uganda | THE INDEPENDENT | Professor, Ezra Suruma, says he feels vindicated now that cabinet is considering the revival Uganda Commercial Bank (UCB). Suruma, the Makerere University Chancellor was one of the few government officials that had tried to resist the World Bank/ International Monetary Fund call for privatization of …

Kampala, Uganda | THE INDEPENDENT | Brac Uganda Bank limited has been granted a tier two credit institution license to be supervised by Bank of Uganda. The license means it can start receiving deposits, a move away from earlier mode where it only gave out micro-loans to rural women and …

Kampala, Uganda | THE INDEPENDENT | The Chairperson of the Commission of Inquiry into Land Matters Justice Catherine Bamugemereire has asked the Central Bank to intervene in the issuance of mortgages on reserve land like forests and wetlands. Bamugemereire’s plea is based on reports that chunks of government land have …

Kampala, Uganda | THE INDEPENDENT | Ssebalu and Lule Advocates, a city law firm has asked the High Court to dismiss the application filled by Businessman Sudhir Ruparelia accusing the firm of conflict of interest. In 2017, Sudhir’s Company Crane Management Services sued DfCU Bank over rent arrears amounting to …