Tag: Bank of Uganda

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.
"It is very sad to learn of the death of our brother Hon. Charles Matovu, former Member of Parliament for Busiro South, who passed on yesterday. Hon. Matovu represented his people with vigor and utmost dedication in the 11th Parliament. He was a member of the Parliamentary football team, where his tremendous contribution led us to dominate the East African Parliamentary games. My condolences go out to his family, the people of Busiro South, and the country at large. May he rest in eternal peace., Tayebwa said.

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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