Tag: Bank of Uganda

Mugumya, a former aide to former presidential candidate Dr. Kizza Besigye, has previously been at the center of politically charged cases. His latest case comes at a time of heightened scrutiny over reports of enforced disappearances and prolonged detention without trial.
Ambassador Ssentongo reaffirmed Ugandan government’s commitment to strengthening cross-border tourism cooperation, noting that tourism is central to the country’s Ten-Fold Growth Strategy, which aims to grow the economy from US$50 billion to US$500 billion by 2040. He called for practical, time-bound solutions to trade barriers affecting tourism and regional business competitiveness.

Bank of Uganda Battles Global Economic Storm to Protect...

Uganda buys far more from foreign countries than it sells abroad, creating a massive $4.6 billion trade gap. Because international sellers only accept US dollars, local traders are constantly scrambling to buy greenbacks, driving the dollar’s value up and shilling down.

PRAU Marks 50-Year Milestone with 5th National PR Symposium...

"Reaching 50 years is not just a celebration of our longevity as an association; it is recognition of the increasing value of strategic communication in building institutional credibility, strengthening stakeholder trust, and supporting national development," Nakasiita said.

BoU Governor Demands Urgent Action to Unlock 7 Trillion...

The Bank of Uganda (BoU) Governor, Dr. Michael Atingi-Ego, has raised concerns over 623 unresolved banking cases that have...

BOU Holds Interest Rate at 9.75% as Inflation Remains...

The Bank of Uganda’s Monetary Policy Committee announced that it will maintain the Central Bank Rate at 9.75% for...

MAAIF CONCERNED AS Farmers Abandon Vanilla for More Lucrative...

The Ministry of Agriculture, Animal Industry, and Fisheries (MAAIF) has expressed increasing concern over the rising number of farmers...

BoU Holds Lending Rate at 9.75% for third time...

The Bank of Uganda (BoU) has maintained its Central Bank Rate (CBR) unchanged at 9.75% for the third consecutive...

DP Questions  Governor Atingi-Ego’s Capacity amid Several BOU Cash Scandals

The Democratic Party (DP) has criticized the ability of the newly appointed Bank of Uganda Governor, Dr Michael  Atingi-Ego,...

President Museveni Appoints Michael Atingi-Ego as New BOU Governor

After a long period of deliberation, President Museveni has appointed Michael Atingi-Ego as the new governor, deputized by Prof...

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