Bank of Uganda
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Business
Bank of Uganda gets new governor
Michael Atingi-Ego has been appointed full governor of Bank of Uganda and will now be deputized by Augustus Nuwagaba. Atingi-Ego…
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Business
Large depositors face heavy losses after Mercantile Credit Bank closure
Large depositors of the defunct Mercantile Credit Bank Limited in Uganda are staring at potential losses of 50 to 60…
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Opinion
Is BoU thriving, or just surviving?
By Mark Kidamba As a statutory requirement stipulated in Section 49 of the Bank of Uganda Act 2000, the central…
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Finance
Why Ugandans still struggle to access loans despite central bank rate cut
The Bank of Uganda’s recent move to cut its central bank rate to 9.75% was meant to signal a lifeline…
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Finance
BOU lowers interest rate to 9.75% as inflation eases
On October 7, 2024, the Bank of Uganda’s Monetary Policy Committee (MPC) lowered the Central Bank Rate (CBR) by 25…
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National News
Digital payments surge as cheque usage declines in Uganda
As Uganda’s banking landscape continues to evolve, more and more Ugandans are opting for digital payment methods over traditional cheque…
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Finance
BOU lowers lending rate amid signs of economic recovery
In a strategic move aimed at fostering economic growth, the Bank of Uganda has reduced the Central Bank Rate (CBR)…
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Business
How banking success is transforming Ugandans’ lives.
As Uganda’s commercial banking sector celebrates an impressive Shs 4.5 trillion growth, the ripple effects are being felt far beyond…
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Finance
BOU closes Mercantile Credit Bank over financial instability
The Bank of Uganda (BOU) has closed Mercantile Credit Bank Limited (MCB), a tier II financial institution, due to severe…
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Finance
Access Bank to acquire 80% stake in Finance Trust Bank
Finance Trust Bank (FTB) and Access Bank PLC (Access Bank) have announced the signing of a definitive agreement for Access…
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