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Tag Archives: BOU

BANKING: BOU warns of Ukraine threat on economy

Nine out of the 26 commercial banks register a decline in profits in 2021 Kampala, Uganda | THE INDEPENDENT | Nine out of the 26 registered commercial banks in Uganda registered a decline in profits in 2021, compared to the previous year. Over the same period, eight banks registered a …

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Global factors impacting Uganda’s economy: BoU

Kampala, Uganda | THE INDEPENDENT | Officials from Bank of Uganda and the National Planning Authority (NPA) have told Members of Parliament that the state of the economy is struggling because of global related factors. The officials were interfacing with the Committee on National Economy to discuss the state of the …

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Strong rebound for Uganda’s economy

BoU says 2022 economic outlook is more positive than earlier projected Kampala, Uganda | JULIUS BUSINGE | There is good news from Bank of Uganda indicating a big rebound in economic growth in 2021, meaning Ugandans got more money in their pockets to buy goods and services. In its monetary …

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What Next for Sudhir and BOU?

Kampala, Uganda | THE INDEPENDENT | The decision by the Supreme Court of Uganda that Crane Bank Ltd reverts to owners Sudhir Ruparelia and co-shareholders raised public excitement, for various reasons, including an assumed return of the bank into the banking industry. There were concerns about the financial implications of …

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Crane Bank reverts to tycoon Sudhir

Kampala, Uganda | THE INDEPENDENT | The Supreme Court has this morning ruled that Crane Bank ownership reverts to businessman Sudhir Ruparelia, in a judgment that puts an end to a five-year legal battle preceded by the closure of the Bank The judgment was made this morning as the court …

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Gun salute as Governor Mutebile is laid to rest

Kabale, Uganda | THE INDEPENDENT | Remains of the fallen Bank of Uganda governor Emmanuel Tumusiime Mutebile have been laid to rest at his home in Muruhita- Rwakatojo Village, Kijuguta ward, northern division, Kabale municipality with a gun salute. Tumusiime 72, died last Sunday at Nairobi Hospital where he was …

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