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Sep 7 results
14:24
14:24

Burial of Former BoU Governor Gideon Nkojo Set for Next Month Bank of Uganda

Nkojo died in November 2020 in Virginia, USA after being ill. Nkojo served as Central Bank Governor from May 1979 to September 1980, replacing Charles Nyonyintono Kikonyogo’s first brief stint at the helm of the bank. He had been working with the World Bank in Washington DC, USA.
12:34
12:34

Uganda Gold Exports Surge Again gold exports uganda 1 Top story

According to data provided by Bank of Uganda, the country shipped 3,012 kilograms of gold, a surge from the 2,470 kilograms in May and 1,180 kilograms exported in April. The volumes were even lower in February and March 2020. A lot of this gold went to the United Arab Emirates (UAE).
11:42
11:42

Investors Fled Country as Uganda Started COVID-19 Measures -BOU Bank of Uganda 1 Top story

In just one month between February and March 6, 2020, investors withdrew at least 165 billion Shillings from the country. Of this, at least 59 billion Shillings was in government securities, while 105.7 billion Shillings had been placed in commercial banks in the country as deposits.
11:05
11:05

Interest on Loans Will Still Count During Payment Holiday – BOU interest rate 1

Speaking through a webinar with the Rotary Club of Kampala South on Monday evening, Dr Tumubwine Twinemanzi, the BOU executive director for supervision, said banks have to earn interest on that money they lent out even when payments are frozen during the coronavirus crisis.
15:25
15:25

Export Earnings Drop By UGX 4.1 Trillion – BOU Bank of Uganda 1

BOU reports that there has also been a decline in exports to the regional markets, which have been Uganda’s key destination for most goods. Here, one key culprits have been milk and sugar which saw the heaviest decline due to trade disputes with Kenya and Tanzania. A drop in the prices of milk saw Kenya stop Uganda’s milk – especially Lato Milk – to help depressed prices at home.
17:23
17:23

Uganda’s Public Debt Reaches UGX 46 trillion - Report Bank of Uganda 1 Top story

Last August, Bank of Uganda said the country's capacity to manage its growing public debt will depend on the country's ability to export oil by 2023. This target will mostly depend on how fast government can reach common ground with oil companies.
14:09
14:09

Gov’t Set to Raid Petroleum Fund Again Bank of Uganda 1 1

According to Bank of Uganda, government will withdraw 445billion shillings which will be transferred from the fund to the consolidated fund for government to pay for the 2019/20 financial year budget activities
Sep 7 results