Tag: Bank of Uganda

PLU Mobilizers Seek Support and Recognition from Party Leadership Amid Post-Election Grievances

Mobilizers of the Patriotic League of Uganda (PLU) have called on the league’s top leadership to recognize and reward their efforts during the recently concluded presidential elections, in which their endorsed candidate, President Yoweri Kaguta Museveni,...

NUP Calls on Religious, Cultural Leaders to Speak Out Against Human Rights Violations in Uganda

Politics

The National Unity Platform (NUP) leadership has urged religious leaders, cultural leaders, and all opinion leaders to raise their voices against human rights violations in Uganda, stressing that silence only emboldens the perpetrators. Addressing the press at...

Business

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...

Agriculture

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...

Business

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...

National News

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,...

National News

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...

Business

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...

Crime

Government should Empower Citizens to Tackle Cyber Threats—Experts

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.

Business

Uganda’s Inflation Drop Attributed to Reduced Commodity Prices—Finance Report

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.

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