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Tag Archives: BOU

BOU appeal in Sudhir case dismissed

  Kampala, Uganda | THE INDEPENDENT | The Court of Appeal on Tuesday dismissed an appeal and upheld the decision of the High Court in a suit filed by Bank of Uganda, on behalf of Crane Bank Ltd (in receivership), against Sudhir Ruparelia and Meera Investments Ltd. In dismissing the appeal, …

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Govt revises proposal to acquire loans for COVID-19

Kampala, Uganda | THE INDEPENDENT | Government has revised its proposal to borrow money to mitigate the effects of coronavirus by up to 1.3 trillion shillings. On April 2, the government presented a motion to borrow up to 1.7 trillion shillings to cushion the economy from the effects of COVID-19. …

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Ease capital requirements for banks

  Why government must support the banking sector to keep credit flowing to stimulate economic growth COMMENT | SIMON MUTUNGI | Following the 2008 Global Financial Crisis, many banks collapsed worldwide while others had to plow through public funds in the form of government bailouts in order to survive. To …

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Museveni advises banks to relax loan repayments

Kampala, Uganda | THE INDEPENDENT | In a way of emphasis on bank loans, President Yoweri Museveni has said banks must not count days when people have not been working to service active loans. Millions of Ugandans in both the formal and informal sectors are currently not working as a result …

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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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