Bank of Uganda

EconomyPolitics & Policy

Central Bank had to take over Crane Bank – Governor Mutebile

The intervention in Crane Bank, was the most difficult of these interventions and the one which was potentially the most problematic, because it was a large bank of systemic importance, and because of the huge magnitude of the losses it had incurred
Bank of Uganda governor, Emmanuel Tumusiime-Mutebile
Digital EconomyEconomyPolitics & Policy

Mobile money dominates formal sector financial inclusion, limitations and all

Financial inclusion is low in Uganda because banks find it costly and unprofitable to extend services to rural areas. But even in urban areas, their services are expensive. Mobile money is the only financial service that has bucked those trends
Politics & Policy

No bank has applied for Islamic banking licence – BoU

No bank has formally applied for an Islamic banking licence even though there have been expressions of interest in the model from both local and international institutions, according to the deputy governor of the Bank of Uganda, Louis Kasekende
Economy

Inflation to rise on higher import prices and increased taxes, BoU says

Bank of Uganda has kept it's policy rate unchanged, pointing to a continued improvement in economic activity and a projected increase in inflation in the next 12 months
Export containers at a port.
Digital Economy

Bank of Uganda governor remarks at Africa Blockchain Conference

Remarks by Prof. Emmanuel Tumusiime-Mutebile, Governor, Bank of Uganda At the Africa Blockchain Conference Serena Hotel, Kampala May 23, 2018 ...
Economy

Central Bank changes pricing system for government debt

The Bank of Uganda has announced a change in the pricing of government debt in primary auctions from the current multiple prices to a single price, according to a statement issued on Monday
Bank of Uganda's head office in Kampala.
CompaniesMarkets

Stanbic best-performing bank in government securities for sixth year running

Stanbic Bank was recognised by the central bank as the best performing bank in Uganda government securities in 2017. This makes the bank the winner for the sixth consecutive year
Economy

BoU keeps policy rate steady on low inflation and robust growth

The central bank maintained its policy rate at the same level as February 2018, saying its line with its goals of supporting economic growth and keeping inflation within target levels
Bank of Uganda's head office in Kampala.
EconomyMarketsPolitics & Policy

Crane Bank was bankrupt when taken over by BoU: Kasekende

Bank of Uganda's deputy governor Lois Kasekende says the successful resolution of Crane Bank in January 2017 is the main reason for the improvement in financial soundness indicators of the banking system last year
Politics & Policy

Central Bank governor responds to criticism of BoU management

Bank of Uganda's governor says claims that the Bank or its management are guilty of incompetence and are no longer up to the task of executing its constitutional mandate are not supported by evidence and should be treated with contempt
Officials seated around a conference table during a press briefing
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