Tag Archives: bank of uganda

Kampala, Uganda | THE INDEPENDENT | United Bank for Africa Uganda (UBA) has been appointed a primary dealer bank by Bank of Uganda with effect from October 1, 2021. As such, UBA will now lend government money on behalf of the public and in exchange, provide Treasury Bills and Bonds as …

Kampala, Uganda | THE INDEPENDENT | Holders of bank or mobile money accounts whose cash balances may be transferred to the Bank of Uganda or to the Consolidated Account, are free to recover it according to the laws. The National Payments Act, 2020 provides for the transfer of “idle money” or …

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda will keep reviewing the operating conditions of the financial technology companies-Fintech, which have termed the recently introduced regulations for the sector as unfavourable. Fintech is the technology and innovation that aims to compete with traditional financial methods in the delivery of …

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has revised its growth projections for this financial year. BoU says that all high-frequency indicators available show that the momentum of economic activity for the quarter to July 2021, subsided. The tourism sector was expected to grow much faster when Entebbe …

Kampala, Uganda | THE INDEPENDENT | Bank of Uganda on Monday said that the provisional data shows the country’s public debts as of end of April 2021 stood at 66.1 trillion shillings (18.9 billion U.S. dollars), up 15.1 percent from June 2020. The Bank of Uganda, in the state of economy …

Kampala, Uganda | THE INDEPENDENT | The new leadership at the Ministry of Trade, Industry and Cooperatives want the Ministry of Finance, Planning and Economic Development, and the Bank of Uganda, to stay away from the management issues of the cooperative sector. The State Minister in Charge Cooperatives, Frederick Ngobi Gume …

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has given a mixed view on the economic performance in the short term, with a high likelihood of either a slowdown in economic growth or a decline in activities generally. This is largely due to the uncertainties caused by the COVID-19 …

Kampala, Uganda | THE INDEPENDENT | The Democratic Republic of Congo (DRC) was Uganda’s number one source of trade surplus in 2020 according to Bank of Uganda trade statistics, and road projects launched yesterday by President Museveni and his DR Congo counterpart Felix Antoine Tshisekedi will likely further boost Uganda’s trade …

Kampala, Uganda | THE INDEPENDENT |  The Uganda Shilling continued to appreciate against some major currencies in the region as well as the US Dollar, on Monday, compared to last week.  The Bank of Uganda put the official exchange rate for the dollar at 3,529.39 buying and 3,539.39 selling by the …

Kampala, Uganda | THE INDEPENDENT | Buganda Road Magistrates court has issued criminal summons to Augustine Ojobile, the secretary of the Forum for Democratic Change-FDC Electoral Commission to show up and receive judgment in the case where he is accused of being a common nuisance. Ojobile is jointly charged with Robert …