On Wednesday, April 2, 2025, during his visit to Uganda, Mr. Jonathan Narh-Dometey of the Ghana Petroleum Commission praised Uganda’s approach to integrating oil and gas development with both ecosystem preservation and economic growth, ensuring long-term...
The increasing money laundering, terrorism financing, and the proliferation of weapons of mass destruction in most African countries have continued to threaten national security, economic stability, and development in most countries within the region.
This was revealed...
Recently there was an attack on Bank of Uganda, where over UGX 60 billion was stolen by hackers, which many cyber experts say could have resulted from human error, and it could have been prevented had there been strong cybersecurity mechanisms.
Uganda’s imports from the East African Community region decreased by 2.8% to USD 264.10 million in September 2024, down from USD 271.62 million the previous month. Exports to the region also declined by 1.0% from USD 197.23 million to USD 195.22 million over the same period.
“All creditors are requested to submit their claims to the office of the Director, Financial Stability, and Bank of Uganda within 30 days from the date the statement was issued, and any person possessing property of Mercantile Credit Bank Limited should deliver it to the director, Finance and Stability, Bank of Uganda.”