Tag Archives: BOU

Bank of Uganda okays change in bank operating hours, closure on weekends Kampala, Uganda | THE INDEPENDENT | The central bank (BOU) has agreed to a request by the Uganda Bankers Association for a change in operating hours to cope with the challenges brought by the COVID-19 pandemic. “On account of …

But government needs to focus beyond fighting locusts and coronavirus Kampala,Uganda | JULIUS BUSINGE | Uganda’s economy is expected to remain strong supported by an accommodative monetary policy and the resultant growth in the private sector credit, latest data from Bank of Uganda shows. The data contained in the February …

But it must promote exports, manage debt and collect more tax Kampala, Uganda | JULIUS BUSINGE | The 2019 Absa Africa Financial Market Index Report for Uganda released on Jan.28 in Kampala has some good news. The index, which evaluates financial market development in 20 countries, shows that Uganda remains …

Kampala, Uganda | THE INDEPENDENT | Uganda’s public debt has grown to Uganda shillings 46 trillion (USD12.5bn) as at the end of June 2019 up from Shs 39 trillion (USD10.7bn) in June 2018, according to the latest Ministry of Finance report. This raises the share public debt from 34.8% of …

Kampala, Uganda | THE INDEPENDENT | Bank of Uganda (BoU), in collaboration with Uganda Bankers’ Association (UBA) and Financial Sector Deepening Uganda (FSDU) today signed a landmark contract with fintech company Laboremus Uganda to develop a digital ID verification system to be used by all banks and other licensed financial …

 Its managers must not focus on 2020 but on long term solutions, expert says Kampala, Uganda | JULIUS BUSINGE | Uganda’s economy is projected to remain subdued in 2020, signaling another challenging economic environment ahead. Emmanuel Tumusiime-Mutebile, the governor Bank of Uganda revealed that 2019’s projected growth of 5.5-6.0% is …

Kampala, Uganda | THE INDEPENDENT | Ugandans hold as much as Sh7.8 trillion on time deposit accounts, a figure which, according to the central bank implies confidence in the banking system. A time or term deposit is an interest-bearing bank deposit account that has a specified date of maturity, where …

DR EZRA SURUMA: No Ugandan can open a bank now COMMENT | Dr. Ezra Suruma | One of the most blatant aims of new colonialism (neocolonialism) is to ensure that Africans are denied access and control of capital. The evidence is overwhelming. It started in 1987 when the World Bank …

Kampala, Uganda | THE INDEPENDENT | Tourism earnings are estimated to have grown slower in the first ten months of 2019, according to to the Central Bank. The government had planned to attract more than one million tourists this year on top of the 1.8 million people received in 2018, …

Kampala, Uganda | THE INDEPENDENT  | The government is mooting to regulate electronic payment services and products offered mainly under new Financial Technologies also referred to as Fintech. Fintech refers to the integration of technology to allow companies provide digital financial solutions that ease transactions with just a tap of …