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Tag Archives: BOU

Uganda’s 2022 economic outlook

Rise in imports, commodity prices, COVID-19 variant could impact recovery Kampala, Uganda | JULIUS BUSINGE | Uganda’s economy underperformed in 2020 as coronavirus pandemic lockdown took toll on economic activities. The economy is projected to grow by 3.5-3.8% in the FY2021/22 and 5.5-6.0% in FY2022/23, before increasing to 6.5-7.5% in …

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BoU to issue guidelines on green financing

It plans to integrate climate change related risks in analysing micro and macro-economic conditions Kampala, Uganda | ISAAC KHISA | Uganda’s central bank will soon rollout guidelines for green financing to support small and medium and enterprises as the country strives to achieve sustainable development. Hannington Wasswa, the director commercial …

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BOU concerned about delays in financial sector amendments

Kampala, Uganda | THE INDEPENDENT | The Central Bank is seeking the intervention of Parliament to ensure that regulations regarding governance and supervision of the financial sector are given urgent attention. The bank officials made the proposal while meeting MPs from different committees of parliament on Friday. Led by Deputy …

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Former BOU chief Elangot failed to access his pension

Soroti, Uganda | THE INDEPENDENT | Thousands of mourners who trekked to Serere district to pay their last respect to the fallen former Deputy Governor of Bank of Uganda, John Robert Elangot were shocked to learn that the 87- year- old man died before receiving his pension. Elangot died on …

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Uganda’s workforce continues to fall-PMI

   But private sector players are optimistic about the future | THE INDEPENDENT | Uganda’s private sector activity continues to improve as the economy slowly recovers from COVID-19 pandemic hit but workforce continues to fall. The latest Stanbic Purchasing Managers’ Index (PMI) released on Nov.03 indicates that Uganda’s private sector …

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Robert Elangot dies at 87

Kampala, Uganda | THE INDEPENDENT | John Robert Elangot, the former Deputy Governor at Bank of Uganda has died. He was 87. Elangot, who served as the Central Bank Deputy Governor between 1981 and 1989, breathed his last at  International Hospital Kampala on Saturday. He was hospitalized in late September …

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2020/2021 was tough for economy

BoU Governor says loosening of COVID 19 restrictions, shrewd monetary policy decisions kept the economy ‘alive’ amidst major threats | THE INDEPENDENT | The financial year 2020/2021 was largely challenging due to the COVID-19 pandemic hit that negatively affected all sectors of the economy, according to the Bank of Uganda …

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