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Tag Archives: BOU

Musinguzi new URA boss, Atingo-Ego BOU deputy governor

Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has appointed John Musinguzi Rujoki as new Uganda Revenue Authority Commissioner General and named Dr Michael Atingo-Ego Bank of Uganda deputy governor. Musinguzi has been presidential advisor on ICT and investment and board chairman of the National Information Technology Authority (NITA). He will replace …

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Uganda improves in the Absa index

But it must promote exports, manage debt and collect more tax Kampala, Uganda | JULIUS BUSINGE | The 2019 Absa Africa Financial Market Index Report for Uganda released on Jan.28 in Kampala has some good news. The index, which evaluates financial market development in 20 countries, shows that Uganda remains …

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Uganda’s public debt reaches sh46 trillion

Kampala, Uganda | THE INDEPENDENT | Uganda’s public debt has grown to Uganda shillings 46 trillion (USD12.5bn) as at the end of June 2019 up from Shs 39 trillion (USD10.7bn) in June 2018, according to the latest Ministry of Finance report. This raises the share public debt from 34.8% of …

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Economy to remain subdued

 Its managers must not focus on 2020 but on long term solutions, expert says Kampala, Uganda | JULIUS BUSINGE | Uganda’s economy is projected to remain subdued in 2020, signaling another challenging economic environment ahead. Emmanuel Tumusiime-Mutebile, the governor Bank of Uganda revealed that 2019’s projected growth of 5.5-6.0% is …

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Ugandans hold sh16 trillion in bank savings

Kampala, Uganda | THE INDEPENDENT | Ugandans hold as much as Sh7.8 trillion on time deposit accounts, a figure which, according to the central bank implies confidence in the banking system. A time or term deposit is an interest-bearing bank deposit account that has a specified date of maturity, where …

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