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Tag Archives: BOU

KCB Uganda to handle Airtel Money cash

The partnership will enable customers borrow mobile loans for as low as Shs300 and earn interest on savings for as high 9%, respectively Kampala, Uganda | ISAAC KHISA | Telecom operator, Airtel Uganda, has appointed KCB Uganda as a trust account holder for its mobile financial services Airtel Money in …

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What does separation of mobile money from telecoms mean?

Kampala, Uganda | THE INDEPENDENT | Starting June 1st, Ugandans will have mobile money transactions run by companies separate from the traditional telecoms that have been operating the business. This follows the licensing of three companies to operate mobile money services in Uganda including MTN Mobile Money Uganda Ltd and Airtel Mobile …

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Parliament clears Mutebile, Ochola for new terms

Kampala, Uganda | THE INDEPENDENT | Prof. Emmanuel Tumusiime Mutebile on Friday stealthily made his way into Parliament’s vetting committee to defend his re-appointment as Governor of the Central Bank, with security personnel ensuring that media and the public did not catch a glimpse of him. The ailing 71-year-old economist has been …

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MPs reject proposal to limit term of BoU deputy governor

Constitutional Amendment Bill 2020 introduced by Michael Maranga seeks to limit the term of the deputy governor and the board members to only ten years. Kampala, Uganda | THE INDEPENDENT | The Legal and Parliamentary Affairs Committee of Parliament has rejected a proposal to have the deputy governor Bank of Uganda (BoU) serve …

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Uganda’s Economy: No celebrations yet

Can government respond to private sector needs amidst pressures related to COVID-19? Kampala, Uganda | JULIUS BUSINGE | KK Foods, exporters of fresh foods and vegetables, enjoyed market opportunities in Europe, US and Canada   until Covid-19 restrictions struck in March last year. Export volumes dropped from 63 tonnes to 40 …

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