Tag: Commercial Banks

Court Sentences Two to Death, Seven to Life Over Susan Magara Murder

Court
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.

UPC Attributes Two Million Stunted Children to 1980s Livestock Losses

National News
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.
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.
Business

Gov’t Reduces GROW Loan Interest Rates to Boost Women...

The GROW loan project is a five-year program set to end in December 2027. The Generating Growth Opportunities and Productivity for Women Enterprises (GROW) Project is a Government of Uganda Project, funded by the World Bank, implemented by the Ministry of Gender, Labour, and Social Development and the Private Sector Foundation Uganda in all districts, municipalities, and cities.
Business

BOU Implores Financial Institutions to Combat Rising Fraud Threats

Fraud threatens the continuity of financial institutions, could lead to the loss of their capital, and undermines the integration of the financial system. 
Business

Central Bank Appoints Primary Dealer Market Markers

Bank of Uganda has appointed eight commercial banks, as Primary Dealer Market Markers (PDMM), and have been given exclusive...

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