Tag: Michael Atingi-Ego

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.
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.

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...

Uganda Targets Capital Market Growth to Boost Long-Term Financing...

Ministry of Finance, Planning, and Economic Development is prioritizing the rebuilding and promotion of capital markets to provide long-term...

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...

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...

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. 

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.

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.”

Economists Attribute Delayed Appointment of BOU Governor to IMF,...

Some Ugandan economists have blamed the International Monetary Fund (IMF) and the World Bank for the continued delay in...

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