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Tag Archives: BOU

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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Heated debate over free house for Mutebile family

Kampala, Uganda | THE INDEPENDENT | Parliament is divided over a proposal to buy a house or have the family of Prof. Emmanuel Tumusiime-Mutebile, the late governor of Bank of Uganda (BoU), retain their residence in Kololo. The Bukooli Central MP, Solomon Silwany tabled the proposal on the floor of …

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Gov’t treasury bills, bonds fetch Sh12 trillion

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda (BOU) has mobilized sh12 trillion through the Primary Dealer Market Makers in the treasury bills and bonds over the year ended December 2021. Another 1.4 trillion shillings was transacted during the same period through private placements, (as opposed to the …

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