Bank of Uganda brings policy clarity and opportunity to Kamuli

In a bid to bring central banking closer to Ugandans, the Bank of Uganda (BoU) recently held a Regional Townhall at Kyemba Sande Garden Hotel, Kamuli District.

The event offered residents a firsthand look at the policies, programs, and protections that shape the country’s financial landscape.

Hannington Wasswa, Director of Commercial Banking, spoke on behalf of Governor Michael Atingi-Ego, delivering a message with both clarity and reassurance.

“The work of the Bank of Uganda affects every Ugandan, including the people of Kamuli,” he said, highlighting the institution’s commitment to stability and inclusion.

Uganda’s inflation remains low and stable, a result of consistent and deliberate monetary policy, helping protect the value of citizens’ money.

Wasswa also reminded participants that deposits held in licensed financial institutions are protected up to UGX 10 million through the Deposit Protection Fund, giving individuals added peace of mind.

Mobile money users were urged to exercise vigilance, with Wasswa warning that fraud is on the rise. “Never share your PIN, transact only with trusted agents, and report any suspicious activity immediately,” he advised.

For farmers and small business owners, BoU’s targeted financing initiatives are driving growth across the country.

More than UGX 1.2 trillion has been disbursed to over 6,000 beneficiaries through the Agricultural Credit Facility, while the Small Business Fund has supported more than 3,400 enterprises.

Kamuli residents are eligible to access these programs, an opportunity that is particularly valuable in a district with a strong agricultural base.

Dr Kenneth Egesa, Director of Communications and Public Relations, opened the Townhall by reaffirming BoU’s commitment to transparent communication.

Deputy RDC Kamuli, Sarah Sambya, welcomed the Bank on behalf of the district leadership but highlighted the challenge of distance, noting that the nearest BoU branches in Jinja and Mbale remain far for many residents seeking financial services.

Interactive sessions led by the Agricultural Credit Facility and Small Business Fund teams guided participants on eligibility, application procedures, and the types of farming and business activities that qualify for support.

Following this, the Financial Markets team explained how individuals could safely invest in Government securities, including Treasury Bills and Bonds, demonstrating that these instruments are accessible beyond large institutions.

On the sidelines, BoU piloted its Digital Stakeholder Feedback System (DSFS), a first for the region.

Replacing traditional paper surveys, the DSFS enables participants to submit anonymous, secure feedback in real time via web links, QR codes, or USSD, ensuring even feature phone users can engage.

This initiative is designed to strengthen engagement and build confidence in the Bank’s operations, aligning with modern, digital-first approaches to stakeholder relations.

By bringing policies, resources, and opportunities directly to Kamuli, the Bank of Uganda is reinforcing its mission: to safeguard financial stability, empower citizens, and cultivate inclusive economic growth across Uganda.