Tag Archives: BOU

Bank of Uganda Monday reduced the Central Bank Rate (CBR) by I percentage point to 14 percent. CBR is the rate of interest which a central bank charges on the loans and advances to a commercial bank. BOU governor Tumusiime Mutebile said that because inflation is forecast to stabilize around the policy target of …

S&P keeps Uganda at B/B credit rating, Central bank governor happy over assessment   Increased investment in the infrastructure projects has helped Uganda to maintain its credit rating, according to the latest Standards and Poor report which maintained the country’s B/B rating. That is a mid-level assessment which is way …

New report by BOU, UBOS shows decline in foreign direct investments, local sales revenues Uganda saw a decline of $40 million in foreign direct investments (FDI) in 2015, according to a survey conducted by Bank of Uganda in conjunction with the Uganda Bureau of Statistics, Private Sector Foundation Uganda, Uganda …

Cover story: Billions borrowed from PTA Bank cause jitters News Analysis: Where is hope for Burundi?   Feature: Unusual heat waves in Africa will soon be the norm, study says Health: Tackling TB Testing   Business BATU owners to share Shs 20 bn   LAST WEEK IN THE INDEPENDENT ( …

By Julius Businge Bank of Uganda has responded to the rise in banks’ non-performing loans and other assets (NPAs) recorded in 2012 arguing that the rise was mainly attributed to the macroeconomic challenges in 2012. The bank however, in an email to this magazine was quick to say that the …

By Julius Businge The Bank of Uganda has today-Dec. 7 announced that the 1987 series banknotes will cease to be legal tender on March 30, 2013. Addressing a press conference at the Bank’s head offices in Kampala on Dec. 6, Louis Kasekende, the deputy governor said the public should not …

By Julius Businge The central bank of Uganda has marginally reduced the central bank rate to 12% in December down from 12.5% in November, in a bid to boost economic growth. The country’s economy grew at 3.2% in the year 2010/2011 down from 6.7% in 2009/2010, partly because of the …

By Ronald Musoke In a move that perhaps recognizes the economic clout that Ugandans living and working abroad hold in Uganda’s economy today, Bank of Uganda together with the United Nations Development Programme (UNDP) recently initiated a feasibility study to find out if they (Ugandans) are willing to invest in …

By Julius Businge The Bank of Uganda has reduced the central bank rate (CBR) to 12.5% in November from 13% in October with the aim to influence cuts in commercial bank lending rates and boost economic growth, central bank governor Emmanuel Tumusiime Mutebile told reporters in Kampala on Nov. 1. …

By Patrick Kagenda A 73% decline in the value of off-shore investments has forced Bank of Uganda to rethink its policies. BoU Deputy Director of Research, Charles A. Abuka, told a workshop organized for forex bureau operators that the bank was reviewing its fiscal policy programs to fit in with …