Kampala, Uganda | THE INDEPENDENT | The High Court in Kampala has dismissed with costs an application by five Post bank officials challenging their suspension without a fair hearing. They are Stephen Mukweli, the Managing Director, Safina Wabuna Nakiyemba, the Executive Director for Information and Communication Technology, David Mwesige, the head …
Read More »Mutebile, the passing of a giant
THE LAST WORD | ANDREW M MWENDA | At exactly 5.30am on Sunday morning January 23rd 2022, the governor of the Bank of Uganda, Emmanuel Tumusiime-Mutebile, breathed his last in a Nairobi hospital. He had been battling illness for several years. While Mutebile’s body has died, his deeds will continue …
Read More »Who will replace Mutebile?
Kampala, Uganda | THE INDEPENDENT | There is no doubt that the fallen Bank of Uganda Governor Emmanuel Tumusiime Mutebile was an iconic figure, having spent at least 30-years as a top economic and financial technocrat of the government of Uganda. For this, his replacement is poised to raise interest and excitement …
Read More »Politicians pay tribute to Governor Mutebile
Kampala, Uganda | THE INDEPENDENT | Politicians from across the political divide have taken to social media to mourn the passing of Prof. Emmanuel Tumusiime-Mutebile, the longest-serving Governor of the Bank of Uganda. Mutebile who has been struggling with ill health for some time, passed on yesterday morning at Nairobi Hospital …
Read More »Bank of Uganda Governor Emmanuel Mutebile dies at 72
Kampala, Uganda | THE INDEPENDENT | The Governor of the Bank of Uganda Emmanuel Tumusiime Mutebile is dead. Mutebile died this morning at Nairobi Hospital, according to an announcement made by Deputy Governor Micheal Atingi-Ego. He was 72. Mutebile was admitted to Nairobi Hospital after he collapsed due to complications related …
Read More »Central Bank calls for better planning, accountability for emergencies
Kampala, Uganda | THE INDEPENDENT | The Deputy Governor Bank of Uganda, Michael Atingi-Ego has called for better planning for emergencies so that pandemics can have minimal impact. Atingi-Ego noted the need for reduction in spending on non-priority areas, postponement of capital intensive and import-dependent projects to help improve external balance …
Read More »Uganda’s public debt rises to UGX 73 Trillion
Kampala, Uganda | THE INDEPENDENT | Uganda’s public debt has risen to 73.8 trillion shillings (about 20.8 billion US dollars), according to provisional figures at the Bank of Uganda up to the month of October 2021. By the end of June 2021, the Ministry of Finance, Planning, and Economic Development reported …
Read More »Demand for credit grows despite increase in interest rates
Kampala, Uganda | THE INDEPENDENT | Commercial banks approved a total of 2.8 trillion Shillings in loan amounts in the three months ending October 2021, which indicates growth from the 2.2 trillion Shillings approved in the quarter that ended July. Similarly, the value of loan applications rose to 4.9 trillion Shillings …
Read More »Uganda sees end of 2021 amid tense election, pandemic and war against terrorism
Kampala, Uganda | THE INDEPENDENT | Uganda has had a frantic 2021 as it experienced one of the most contested presidential elections, a devastating pandemic and a new war against terrorism. A three-month presidential election campaign culminated on Jan. 14, with the incumbent, 76-year-old Yoweri Museveni tussling it out with the …
Read More »Uganda records positive balance of trade, as gold receipts hurt
Kampala, Uganda | THE INDEPENDENT | Uganda’s export and import trade sector recorded declines in both volumes and value in the last six months of the year ending October 2021, as economic activity slowed down compared to the previous six months. Uganda had previously recorded a deficit in trade in both …
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