Bank of Uganda Hikes Rate by 2.25 Points as Inflation Is Set to Rise
Bank of Uganda has raised its Central Bank Rate from 9.75% to 12% and now expects headline inflation of 7.0% to 7.5% over the next…
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Oboth Gives SACCOs More Time to Meet BOU Licensing Rules
Speaker Jacob Marksons Oboth has brokered a truce between Bank of Uganda and SACCOs over a contested licensing deadline, ordering a new law while giving…
“City Square Is Mine,” Basajjabalaba Tells MPs
Businessman Hassan Basajjabalaba has told a parliamentary committee he holds a 49-year sublease on Kampala's City Square, disputing claims he owes Bank of Uganda Shs140…
Ugandaβs Shilling Hits Shs3,920: What Is Driving the Dollar Surge?
Uganda's shilling has hit Shs 3,920 per dollar β an 11% drop over 12 months β driven by Iran war oil pressures, dollar safe-haven demand,…
How Climate Change Is Putting Uganda’s Banking Sector at Risk
Africa's banks are sitting on climate risk they cannot see or price. Here's what that means for Uganda's banking sector, why the Karamoja drought is…
Ugandaβs Treasury Bonds Auction Draws Shs 1.44 Trillion in Bids, Signaling Strong Investor Confidence
The Bank of Uganda (BoU) has reported overwhelming investor participation in its latest Treasury Bonds auction, held on October 29 and settled on October 30,…
Airtel, UCC, and Bank of Uganda Advise Ugandans on Fighting Mobile Scams
Airtel Uganda, in partnership with the Uganda Communications Commission (UCC) and the Bank of Uganda (BoU), has issued critical advice aimed at helping Ugandans combat…
Claver Serumaga Approved by Bank of Uganda for Executive Director Role at Equity Bank
The Bank of Uganda has officially approved the appointment of Claver Serumaga as Executive Director of Commercial Banking at Equity Bank Uganda, solidifying a major…
Pride Microfinance Transforms into Pride Bank, Vows Enhanced Services with Expanded
Pride Microfinance has officially rebranded as Pride Bank Limited after securing a Tier 2 Credit Institution license from the Bank of Uganda (BoU), backed by…
Bank of Uganda fines gov’t UGX 405 billion for unmet debt obligations
Summary: The report from the Auditor General on the Financial Year ending June 30, 2023, discloses that the Bank of Uganda (BOU) imposed a penalty…