Tag Archives: BOU

Kampala, Uganda | THE INDEPENDENT | Bank of Uganda (BOU) Governor Michael Atingi-Ego has warned of an “economic disaster” if the Protection of Sovereignty Bill, 2026 is passed. He today told the Joint Committee on Defence and Internal Affairs and Legal and Parliamentary Affairs that the Protection of Sovereignty Bill, 2026 could risk …

Bank of Uganda Recognizes Pearl Bank’s Outstanding Performance in the ACF and SBF Schemes Kampala, Uganda | NEWS CORRESPONDENT | The Bank of Uganda has recognized Pearl Bank for its outstanding partnership and responsiveness in the Agricultural Credit Facility and Small Business Fund Schemes, which have accelerated the growth of Uganda’s …

  Finance ministry figures released on April 9 show fourth-quarter disbursements of Shs17.444tn, lifting total releases to Shs77.001tn—106.4% of the approved budget and 95.1% of the revised plan   Kampala, Uganda | JULIUS BUSINGE | The government has released more funds than initially approved for the current financial year ending …

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has signed a contract with Euro Gold Refinery to supply gold under its Domestic Gold Purchase Programme, marking a shift toward local value addition as the central bank moves to strengthen its reserve base. The agreement follows the central bank’s decision to directly purchase gold …

Namanve, Uganda | THE INDEPENDENT | Equity Bank Uganda recently successfully completed the migration of its core data centre operations to the Raxio Data Centre in Namanve Industrial Park, marking a significant milestone in the bank’s digital transformation journey. The migration represents a full relocation of the bank’s core digital infrastructure, …

  Kampala, Uganda | PATRICIA AKANKWATSA | Uganda’s ambition to position itself as a regional hub for virtual assets took center stage at the Blockchain summit as top regulators, industry leaders and innovators convened at the summit held at the Four Points Hotel in Kampala. The day-long meeting delivered the …

Bank of Uganda Grants Operating License to Pearl Bank Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda (BoU) has issued an operating license to Pearl Bank Uganda Limited, which formerly operated as PostBank Uganda, paving the way for the institution to commence business under its new name and identity. …

Kampala, Uganda | THE INDEPENDENT | The Office of the Director of Public Prosecutions has informed the Anti-Corruption Court that investigations into the alleged fraud involving sh60 billion from the Bank of Uganda (BoU) are still ongoing. On Monday, Chief State Attorney Richard Birivumbuka told Chief Magistrate Rachael Nakyazze that …

Kampala, Uganda | THE INDEPENDENT | The Supreme Court in Kampala has dismissed businessman Humphrey Nzeyi’s appeal against the Bank of Uganda (BOU) and the government for the illegal takeover, sale, and subsequent liquidation of the National Bank of Commerce. The Supreme Court, presided over by seven justices led by …

Kampala, Uganda | THE INDEPENDENT | Companies dealing in remittance services are now required to report data on their transactions weekly to the Bank of Uganda (BOU), under a newly developed system. The Central Bank has developed a new data collection approach regarding diaspora remittances, where all remittance service providers …