Tag: Michael Atingi-Ego

Cabinet Approves Establishment of Public University in Busoga Sub-Region

Education
“After discussing the proposal to establish Busoga University as a public university, Cabinet decided to name it Iganga University,” Lumumba said.

Omukama Nyabongo I Names Interim Government, Maintains Prime Minister Rwomiire

Culture 
Omukama Edward Rukiidi Nyabongo I, a son to Prince Christopher Paul Kiijanangoma and a grandson of Omukama George David Kamurasi Rukiidi ascended to the throne on September 29th, 2026, after the death of his cousin King Oyo Nyimba Kabamba Iguru Rukidi IV who succumbed to cancer at the age of 34 in the United states.  
Business

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...
National News

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...
Business

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...
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

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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