Tag: Bank of Uganda (BOU)

LOP Retains Nakawa Division MP Seat as High Court Dismisses Petition Challenging His Victory 

Court
In the petition, Bwowe had contended that Nakawa West is a non-existent constituency and asked the court to cancel the nominations of Ssenyonyi, Happy Nasasira, Herbert Anderson Burora, Ephraim Okuye, Vincent Norbert Okumu, Wilberforce Kyambadde and Rwamiti Apuuli, and declare him the only validly nominated candidate to be elected unopposed.

High Court Dismisses Mufumbiro’s Petition Against Ruhindi in Nakawa East

Court
The Court also held that Mufumbiro and his legal team did not adduce sufficient evidence to prove that the alleged irregularities, if any, affected the final result in a substantial manner as required by the Parliamentary Elections Act.
Business

What the Bank of Uganda’s New Loan Rates Mean...

Imported goods are costing more, as the Ugandan Shilling is weakening and already at UGX 4,000 for just 1 US Dollar. If you buy goods, spare parts, or materials from abroad, you now need a lot more Shillings to buy the same amount of stock compared to before.
Business

Investor Interest Remains Firm as Bank of Uganda Releases...

The auction results provide an important snapshot of investor sentiment, government borrowing costs and liquidity conditions within Uganda's domestic financial market. They also offer insight into demand for government debt across different maturity periods, with investors balancing risk, return expectations and prevailing economic conditions.
National News

Bank of Uganda Warns Public Against Cash Bouquets Usage...

The Bank of Uganda (BoU) has issued a stern public warning against the misuse of Uganda Shilling banknotes, specifically...
National News

Equity Bank Moves Banking Core Systems to Uganda Data...

Equity Bank is set to migrate its core banking systems from Kenya to Uganda this weekend, a move aimed...
National News

Bank of Uganda Approves Finance Trust Bank’s Tier II...

The Bank of Uganda (BoU) has authorized Finance Trust Bank Limited to transition from a Tier I Commercial Bank...
Business

Global Economy Set for Steady Growth in 2026 —...

Bank of Uganda (BoU) Deputy Governor Prof Augustus Nuwagaba has said that the global economy is heading into an...
Business

Bank of Uganda to Raise Shs 355 Bn in...

The Bank of Uganda (BoU) has announced a Treasury Bill auction set for Wednesday, December 3, offering a total...
Business

BoU Governor Speaks Out on Mobile Money Fraud Complaints

The Governor of the Bank of Uganda (BoU), Michael Atingi-Ego, has addressed growing public concern over mobile money fraud...
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