Tag: Michael Atingi-Ego

The President also recalled the close cooperation between Uganda and Tanzania, citing trade, the East African Crude Oil Pipeline, the Murongo-Kyikagate mini-hydro project, roads in Tanzania, the Masaka-Bukoba transmission line and the Standard Gauge Railway, which has reached Isaka and is expected to extend towards Uganda and beyond.
According to Mukula, Uganda believes in the free and orderly movement of people, goods, services, and capital within the framework of regional laws and protocols, stating that it will continue to stand for the dignity of African brothers and sisters because Africa belongs to Africans.

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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