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Tag Archives: mutebile

Bank of Uganda cuts CBR to 9.5%

Kampala, Uganda | JULIUS BUSINGE | Bank of Uganda Governor Emmanuel Tumusiime Mutebile, has October 03, announced a reduction in the Central Bank Rate (CBR) by 0.5 percentage points to 9.5% for the next three months. The CBR is the rate of interest which a central bank charges on loans and advances to commercial banks. The …

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COMMENT: Why Sudhir will not be jailed

Why Sudhir will not be jailed…..And three things everyone must know about how the powerful and wealthy look at financial crimes COMMENT | JOSEPH WERE | Bank of Uganda Governor Tumusiime Mutebile’s defense about the central bank’s perceived poor handling of the Crane Bank take-over and sale has been simple: …

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Bank of Uganda denies hiding cash in Germany

BOU denies hiding cash on foreign account in Germany Kampala, Uganda | JULIUS BUSINGE |  Bank of Uganda (BOU) has dismissed as untrue reports that it has hidden Sh10.7 billion in a bank in Germany, an issue that has been widely spread on social media in the past week. In …

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BUSINESS: Future of banking

If it looks so gloomy, why is everyone seeing it as bright? KAMPALA, UGANDA | JULIUS BUSINGE | The banking industry in Uganda appears to be facing an uncertain future. Most banks are recording a mixture of good and bad performance, sluggish growth in private sector credit, rising non- performing …

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