Tag Archives: BOU

Kampala, Uganda | THE INDEPENDENT | In response to the October monetary policy statement by the Bank of Uganda and the decision to reduce the Central Bank Rate by 0.5 percentage points to 9.5 %, Stanbic Bank has matched the Central Bank’s rate cut by reducing its Prime Lending Rate from …

THIS WEEK: BOU bolsters legal team in Sudhir case Kampala, Uganda | THE INDEPENDENT | Bank of Uganda has bolstered its legal team in the case where it sued businessman Sudhir Ruparelia in the Commercial Court for causing financial loss to the defunct Crane Bank he owned. The central bank has …

Kampala, Uganda | GODFREY SSALI | Principle Judge Yorakamu Bamwine has taken over as mediator in a high-profile case between businessman Sudhir Ruparelia and Bank of Uganda (BOU). Justice Bamwine’s appointment comes after the parties in the case rejected the earlier appointed mediator Harriet Magala. The two parties have said they …

What the 2017 –2022 government strategy means to Uganda Kampala, Uganda | ISAAC KHISA | Uganda’s central bank in partnership with the Ministry of Finance, Planning and Economic Development has unveiled a five-year financial inclusion strategy to enable more individuals and business access affordable financial products and services. The Uganda National …

But experts wonder if economy can survive local and regional political turmoil Kampala, Uganda | JULIUS BUSINGE | There is some good news for Uganda’s economy finally. The Central Bank’s latest annual report shows a sharper GDP growth in 2016/17 than had earlier been estimated. The FY2016/2017 growth figures released on …

JOBS: Clerks (technicians) Currency department BOU Kampala, Uganda | THE INDEPENDENT | Applications are invited from qualified Ugandans to fill 4 vacant positions in the Currency Department, Bank of Uganda. Advertisement of Vacant Positions in Bank of Uganda by The Independent Magazine on Scribd   Share on: WhatsApp

Latest on motive of raids on NGOs by security forces Kampala, Uganda | FLAVIA NASSAKA | Usually on Friday, staff at the Uganda National NGO Forum; an umbrella organisation for Civil Society across the country, clock off early as the office closes at 1pm. But on Sept.13 by 4 O’clock …

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 …

THIS WEEK: Doubts over mediation in Sudhir- BOU case Kampala, Uganda | THE INDEPENDENT | More than two weeks after the Commercial Court advised businessman Sudhir Ruparelia and Bank of Uganda (BoU) to seek an out of court settlement, neither side is yet to make a gesture on the issue. …

Experts blame it on bad economy, call for quick fixes Kampala, Uganda | JULIUS BUSINGE | On Sept. 07 Bank of Uganda (BoU) released a delayed annual supervision report for the financial sector for the year ended December 2016. The reasons that delayed the report that normally comes out in …