Bank of Uganda
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Business
Economy shows strong growth momentum, eyes double-digit expansion with oil boom
Uganda’s economy is maintaining an upward growth trajectory, with the government projecting faster expansion and long-term transformation fueled by oil…
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Business
Central Bank governor explains why lowering the cost of doing business in Uganda current economic situation requires a multi-dimensional strategy
The Governor, Bank of Uganda, Michael Atingi-Ego has said that significantly lowering the cost of doing business in Uganda requires…
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Business
Government hails Stanbic Bank for revolutionizing Uganda’s money remittances sector
Stanbic Bank has received high praise from the Government of Uganda for its pivotal role in transforming the country’s money…
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Business
Uganda’s digital loan disbursements soar past UGX 2.9 trillion, driving financial inclusion to 67 percent
Digital loan disbursements in Uganda have more than doubled, reaching an impressive 102.4 million transactions valued at UGX 2.9 trillion,…
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Business
Veronicah Gladys Namagembe: The quiet force behind Pride Bank’s remarkable rise
In a landscape often dominated by loud announcements and bold personalities, Veronicah Gladys Namagembe has quietly emerged as one of…
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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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