Tag: Commercial Banks

LOP Retains Nakawa Division MP Seat as High Court Dismisses Petition Challenging His Victory 

Court
In the petition, Bwowe had contended that Nakawa West is a non-existent constituency and asked the court to cancel the nominations of Ssenyonyi, Happy Nasasira, Herbert Anderson Burora, Ephraim Okuye, Vincent Norbert Okumu, Wilberforce Kyambadde and Rwamiti Apuuli, and declare him the only validly nominated candidate to be elected unopposed.

High Court Dismisses Mufumbiro’s Petition Against Ruhindi in Nakawa East

Court
The Court also held that Mufumbiro and his legal team did not adduce sufficient evidence to prove that the alleged irregularities, if any, affected the final result in a substantial manner as required by the Parliamentary Elections Act.
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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