Tag: Commercial Banks

High Court Gives Attorney General Two Weeks to Report on Sam Mugumya’s Whereabouts 

Court
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.

Uganda-Kenya Tourism Summit Opens in Mombasa, Calls for Seamless Cross-Border Travel

Regional
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.
Business

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.
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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