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Jun 15 results
09:26
09:26

The Rise and Fall of Afriland: Did BOU Underrate the Bank's Challenges? Bank of Uganda

Afriland First Bank Uganda will go into Uganda’s history books as the first commercial bank to voluntarily close shop and quit the market.
18:22
18:22

Vintage Car Owners Lobby Parliament to Preserve Original Plate Numbers Bank of Uganda 1

Speaking at the flag-off, the Uganda Vintage Car Club President, James Ayo, said that many of them have been forced to re-register their cars using the current registration and number plate series when changing ownership or acquiring vehicle insurance.
14:41
14:41

Rotarian Mutebile; The Tough Economist with a Heart for Humanity Rotary 1

I have concluded that the metric by which God will assess my life isn’t shillings, but the individual people whose lives I’ve touched.
18:30
18:30

Bank of Uganda Forecasts Slower Growth Due to Second Covid 19 Wave 1 2

The BoU Executive Director for Research, Adam Mugume says that for now, the economic growth is expected to be slower by 0.5% unless the pandemic worsens in the short term.
21:15
21:15

Uganda's Debt Hits 50 Percent of GDP As CSOs Call for Debt Cancellation SEATINI 4

Bank of Uganda’s Executive Director for Research, Dr Adam Mugume says if the 2021/2022 budget proposals are passed, the total outstanding debt of the country will rise to Shs86.9 trillion, which will be 52% of the GDP.
15:39
15:39

MPs Reject Proposal to Limit Term of BoU Deputy Governor Parliament 1 2

The legal Committee of Parliament has rejected a proposal to have the Deputy Governor Bank of Uganda (BoU) serve for a maximum two terms of 10 years while the Governor’s term is unlimited.
20:52
20:52

BOU Maintains Credit Relief for Borrowers as COVID-19 Effects Persist economic recovery 2 1

“BoU will extend for six months effective from 1st April 2021 the Credit Relief Measures (CRM) and also maintain the Covid-19 Liquidity Assistance Program (CLAP) to supervised financial institutions. BoU will review CLAP from time to time as the pandemic evolves to ensure viability of solvent supervised financial institutions that may come under liquidity stress during the pandemic and to support credit extension”, said Deputy Governor, Michaeil Atingi-Ego.
18:52
18:52

Can Uganda Grow at Bloomberg's 2% Forecast? economic growth

The economies of Ethiopia, Uganda, Ivory Coast, Egypt, Ghana, Rwanda and Kenya withstood the economic impact of the pandemic so successfully that they were among the world’s 10 fastest-growing in 2020. At least five of them are expected to remain in that elite growth club through 2022, according to forecasts by economists compiled by Bloomberg during the past three months
09:27
09:27

MPs Ask Gov’t to Prevail Over Commercial Banks on Loan Repayments Bank of Uganda 1 4

The MPs led by the Kampala Central MP Mohammed Nsereko point out that businesses have been financially crippled by the COVID-19 lockdown and deserve a major bailout in order to stay afloat.
10:41
10:41

13 Makerere University Bank Accounts Frozen High Court 1 Top story

The Registrar for the High Court Execution Division, Isah Serunkuma issued the first garnishee orders on November 20, 2019. The order stemmed from a miscellaneous application filed by 13 Mulago Paramedical students who in 2011 sued Government over the delayed award of their diplomas and certificates.
07:12
07:12

Finance Committee Approves BoU Recapitalisation Request Bank of Uganda 1 4 Top story

In his presentation on Tuesday evening, the Finance Committee Chairperson, Henry Musasizi explained that the Bank of Uganda Act, 2000 provides that government is authorized to issue securities for recapitalising BOU where its capital impaired.
21:28
21:28

Don't Accept Money With Features Not Put by Bank of Uganda--Public told Bobi Wine

In a statement issued on Tuesday, the BoU Governor, Emmanuel Mutebile said: "The public is advised to accept only those notes that bear features as designed by Bank of Uganda."
06:58
06:58

Gov’t Probes 13 Top NGO Accounts Jeje Odongo 1 Top story

In an August 8, 2019 letter, FIA directs Equity bank to “search your databases and avail us account opening documents, bank statements for the last three years and any other information available to you linked to each of the above-listed entities for further review,” reads the letter signed by Sydney Asubo, the FIA Executive Director.
16:01
16:01

BoU Amendment Bill In the Offing Bank of Uganda 1 Top story

According to the Bank of Uganda act, the Central Bank Governor who is also the most senior officer in the bank also chairs the board of directors and deputized by the Deputy Governor. The other members are the Secretary to the Treasury and directors from different departments in the bank.
07:33
07:33

BOU Considers CRB Listing for Loans on Mobile Money Platforms Bank of uganda 1

Dr Louis Kasekende, the Bank of Uganda Deputy Governor, says that the Central Bank has not been monitoring loans transactions on mobile money platforms because the Telecoms had also not been given licenses to offer products to clients.
Jun 15 results