Tag: Bank of Uganda (BOU)

Gov’t Rolls Out New Reforms to Boost Meat Exports and Public Health in Uganda

The Government of Uganda has launched a major nationwide campaign to overhaul its meat production systems in a bid to safeguard public health, enhance food safety, and meet international trade standards. Spearheaded by the Ministry of Agriculture,...

Pope Leo XIV Appoints Ugandan Priest as Bishop of Houma-Thibodaux

Religion

Pope Leo XIV has appointed Father Simon Peter Engurait, a 53-year-old Ugandan-born priest, as the new bishop of the Diocese of Houma-Thibodaux in Louisiana. This appointment marks the first time a Ugandan and African immigrant has been...

Business

BoU to License Large SACCOs Under New Regulatory Framework

The Bank of Uganda (BoU) has announced it will begin licensing large Savings and Credit Cooperative Organizations (SACCOs) under...

Business

Prioritize Cyber security, Customer Trust amid Rising Cyber crime...

As Uganda's financial sector undergoes rapid digital transformation, sector leaders are raising urgent concerns over the need to prioritize...

Business

BOU Issues Safety Assurance amid Proposed Changes at Standard...

Access Bank, a leading subsidiary of Access Holdings, last week announced the successful acquisition of Standard Chartered's operations in Angola and Sierra Leone, with ongoing transactions to acquire subsidiaries in Cameroon and the Gambia and consumer, private, and business banking in Tanzania.

National News

Bank of Uganda Reports 3.7% Drop in Inflation for...

The Bank of Uganda (BoU) has announced a significant decline in annual core inflation, which fell to 3.7% in September 2024 from 3.9% in August 2024.

Business

BOU Implores Financial Institutions to Combat Rising Fraud Threats

Fraud threatens the continuity of financial institutions, could lead to the loss of their capital, and undermines the integration of the financial system.

Business

BOU Launches Domestic Gold Purchase Program to Boost Foreign...

The gold will be bought by the local mining companies and refined to a minimum of 99.5% purity levels before being turned into administrative monetary gold.

National News