Tag: Bank of Uganda

The kidnappers held her captive for nearly three weeks, demanding up to $1 million before accepting about $200,000 (approximately UGX 700 million). During her captivity, they cut off two of her fingers and sent them alongside a video of her pleading for help to pressure her family into paying the ransom.
Akena referred to historical statements by President Museveni acknowledging the destruction of food supplies and the destitution of about 2.7 million people during that period. He argued that the loss of cattle deprived communities of daily nutrition, household income, school fees, draft power, and soil fertility, leaving effects that continue to be felt today.

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...

Gov’t Set to Bolster BOU Proposal on Domestic Gold...

Government has defended the Bank of Uganda's (BOU) proposal to support the local gold market through securing purchases from...

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