Tag: Michael Atingi-Ego

Museveni Mourns His Holiness Pope Francis, Sends Heartfelt Condolences to Vatican

President Yoweri Kaguta Museveni has sent a deeply emotional message to the Vatican following the death of Pope Francis, calling him an extraordinary spiritual leader and a true man of God. In a letter to Vatican Secretary...

Proposed Tobacco Tax Increase Faces Strong Opposition from Manufacturers

Business

Tobacco manufacturers have rejected the government's proposed excise tax increase, warning that the move could lead to significant financial losses for both the industry and national revenue. Appearing before Parliament’s Finance Committee on April 22, 2025, officials...

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

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

BOU Launches Domestic Gold Purchase Program to Boost Foreign...

The gold will be bought by the local mining companies and refined to a minimum of 99.5% purity levels before being turned into administrative monetary gold.

Business

BOU Dissolves Mercantile Credit Bank Limited

“All creditors are requested to submit their claims to the office of the Director, Financial Stability, and Bank of Uganda within 30 days from the date the statement was issued, and any person possessing property of Mercantile Credit Bank Limited should deliver it to the director, Finance and Stability, Bank of Uganda.”

Business