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Tag Archives: BOU

Parliament clears Mutebile, Ochola for new terms

Kampala, Uganda | THE INDEPENDENT | Prof. Emmanuel Tumusiime Mutebile on Friday stealthily made his way into Parliament’s vetting committee to defend his re-appointment as Governor of the Central Bank, with security personnel ensuring that media and the public did not catch a glimpse of him. The ailing 71-year-old economist has been …

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MPs reject proposal to limit term of BoU deputy governor

Constitutional Amendment Bill 2020 introduced by Michael Maranga seeks to limit the term of the deputy governor and the board members to only ten years. Kampala, Uganda | THE INDEPENDENT | The Legal and Parliamentary Affairs Committee of Parliament has rejected a proposal to have the deputy governor Bank of Uganda (BoU) serve …

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Uganda’s Economy: No celebrations yet

Can government respond to private sector needs amidst pressures related to COVID-19? Kampala, Uganda | JULIUS BUSINGE | KK Foods, exporters of fresh foods and vegetables, enjoyed market opportunities in Europe, US and Canada   until Covid-19 restrictions struck in March last year. Export volumes dropped from 63 tonnes to 40 …

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No need for recapitalization of BoU – Deputy Governor

Kampala, Uganda | THE INDEPENDENT | The Central Bank does not need recapitalization in the 2021/2022 financial year according to Deputy Governor Michael Atingi-Ego. He disclosed this while appearing before the Budget Committee of parliament on Wednesday. He was appearing on the request of the committee to clarify on the Shillings …

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2020 Economy: Year of Covid-19

How coronavirus turned Uganda’s economy upside down Kampala, Uganda | JULIUS BUSINGE | 2020 has been a bad year for the economy. Growth opportunities have been hampered by the spread of COVID-19 and nationwide lockdown measures which led to closure of businesses and general decline in demand for goods. Jobs …

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Ugandan banks not yet out of the woods

The real impact of COVID-19 pandemic on banks will be seen in the second or third quarter of next year Kampala, Uganda | ISAAC KHISA | Ugandan commercial banks may believe that they are headed for recovery amid the novel coronavirus pandemic but the headwinds are still big, said Tumubweine …

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