Tag Archives: BOU

NEWS ANALYSIS | URN | Commercial Banks in Uganda have two days left to meet the new minimum Cash Reserve Requirement (CRR) set by the central bank at 13.5 percent up from the previous 11 percent. CRR is a part of the total customer deposits that a bank should maintain …

Kampala, Uganda | URN | The Parliamentary Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) has postponed its engagement with Bank of Uganda after the central bank failed to provide satisfactory explanations over a Shs140.487 billion guarantee issued to Habba Group that has remained outstanding since 2017. The committee …

Kampala, Uganda | URN | Only seven of an estimated 90 large Savings and Credit Cooperative Societies (SACCOs) have so far obtained licences from the Bank of Uganda, with just over five weeks remaining before the September 30 deadline for eligible institutions to come under direct central bank supervision. The …

  Equity Bank Uganda Hosts Diaspora Webinar on Turning Remittances into Investment Capital   Kampala, Uganda | NEWS CORRESPONDENT | Professor Augustus Nuwagaba, Deputy Governor of the Bank of Uganda, called on Ugandans abroad to take greater ownership of the country’s economic story by converting remittances into strategic investments. Quoting the …

  Equity Bank hosts diaspora Investment webinar   Kampala, Uganda | NEWS CORRESPONDENT |  As Uganda’s diaspora continues to send record remittances back home, Equity Bank Uganda is strengthening its efforts to help turn these financial inflows into long-term investments that create businesses, jobs and sustainable wealth. On Saturday, 1 August …

  A new Bank of Uganda policy seeks to push businesses and individuals towards electronic payments, but the transition will test the country’s digital infrastructure and financial readiness   Kampala, Uganda | JULIUS BUSINGE | Bank of Uganda’s move to cap over-the-counter withdrawals marks a major shift in how businesses …

  Summit comes ahead of 2027 Mandatory Banking Framework   Kampala, Uganda | NEWS CORRESPONDENT |  The East Africa Environmental, Social, and Governance (ESG) Summit, hosted by Capital One Group (COG) concluded on Friday with over 70 participants equipped with practical and localized toolkits to begin tracking data, restructuring internal governance …

  African central banks are increasingly linking domestic gold refining to reserve management as countries move to retain more value from minerals. The shift reflects a broader effort to diversify away from foreign currency assets while strengthening local supply chains.   SPECIAL REPORT | BIRD AGENCY | Uganda’s foreign exchange …

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 …