Tag Archives: Michael Atingi-Ego

Kampala, Uganda | THE INDEPENDENT | The financial industry, local and international, is calling for tax incentives and a general national policy on remittances to boost their inflows and enhance their potential influence on the economy. Officially, Uganda receives 1.4 Billion Dollars or about 5 Trillion Shillings annually from Ugandans …

Kampala, Uganda | THE INDEPENDENT | Banking practitioners in Uganda will soon be required to have a professional practicing license as the industry climbs up the professionalism ladder. This will be following in the footsteps of the legal, engineering, accountancy and medical industries whose professional standards are, by law, governed …

Kampala, Uganda | THE INDEPENDENT |  Absa Group CEO Kenny Fihla is visiting Uganda this week as part of his first strategic East Africa roadshow since taking up the role of Group CEO last month. The visit underscores Absa’s commitment to regional integration, customer-centricity, and long-term investment in East Africa’s …

Kampala, Uganda | THE INDEPENDENT | The Government of Uganda has received 170 Billion Shillings being part of the World Bank financing for the manufacturing and export value chains through the INVITE Trust. The INVITE (Investment for Industrial Transformation and Employment) Project is a Government of Uganda (GoU) initiative financed by …

Kampala, Uganda | THE INDEPENDENT | President Yoweri Kaguta Museveni has appointed Dr. Micheal Atingi-Ego Governor of the Bank of Uganda and Augustus Nuwagaba as the new Deputy Governor. Atingi-Ego who has been serving as the Deputy Governor of the Bank of Uganda replaces the late Emmanuel Tumusiime Mutebile, who died in January 2021, …

Bank of Uganda chose to keep the Central Bank Rate at 10.25% for the next two months Kampala, Uganda | THE INDEPENDENT & AGENCIES |The BoU Monetary Policy Committee forecasts a lower inflation rate of between 5 and 5.4% next financial year as the shilling is expected to be more …

Kampala, Uganda | THE INDEPENDENT | In an exclusive interview with the African Business, the Deputy Governor of the Bank of Uganda, Michael Atingi-Ego, talks about how the bank is dealing with inflation and the opportunities presented by oil and gas projects in the country How would you describe the current …

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda Deputy Governor Michael Atingi-Ego has tasked commercial banks and other financial institutions to sensitize farmers about the availability of the Agricultural Credit Facility–ACF to enable them to access favorable loans. He also wants commercial institutions to prioritize support for green jobs …

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda (BoU), Uganda’s central bank, on Monday left the Central Bank Rate (CBR) at 10 percent for the second time, saying it is still effective to control the rise in inflation, bring stability in lending rate, exchange rate and drive economic growth. …

Kampala, Uganda | THE INDEPENDENT | The government is to pay Shs2.5 trillion to the Bank of Uganda (BoU) in matured securities after its repayment was disrupted by the advent of COVID-19. The money is a domestic loan acquired by the government through the Bank of Uganda as an intermediary for individuals …