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Week in review: Tullow Oil, Uganda Airlines, Crane Bank
Final investment decision on Uganda's oil and gas projects to be delayed by collapse of Tullow Oil stake sale; Bank of Uganda loses suit against Crane Bank's former owner; Uganda Airlines starts commercial flights
September 1, 2019
Politics & Policy
Agriculture: Stronger rural-urban linkages needed for development, says BoU governor
Government should join hands with the financial sector to strengthen rural-urban linkages and link local agriculture firms to external buyers and retailers
July 16, 2019
Economy
Bank of Uganda holds policy rate steady, says inflation remains subdued
Bank of Uganda maintained its benchmark lending rate for the third time this year, saying the inflation outlook over the next 12 months is largely unchanged from the last monetary policy committee meeting in April but noted that risks remain elevated
June 18, 2019
Economy
Bank of Uganda leaves rates unchanged, hails strong economy
The Bank of Uganda's monetary policy committee has voted to keep the Bank's benchmark lending rate unchanged in its first meeting of 2019, noting that the risks to its medium-term inflationary outlook are roughly balanced
February 7, 2019
Digital Economy
Bank of Uganda governor warns on digital banking risks
BoU governor says that while digital banking innovations accrue benefits to financial institutions and customers, they also present associated risks that if not managed well could outweigh the benefits
February 3, 2019
Politics & Policy
Bank of Uganda governor says bank closures were well-intentioned
Governor tells Parliament probe Bank was right to intervene in closed banks but acknowledges post-intervention challenges
December 21, 2018
Economy
Consumer prices slow slightly in September but core inflation hits 12-month high
Uganda's annual consumer price inflation fell slightly in September, the first decline in four months, largely because of a slowdown in the annual food crops and related items inflation rate.
September 30, 2018
Companies
Politics & Policy
Government considers taxing PayWay, Ezeemoney and similar platforms
The government is mooting imposing taxes on "alternative" payment platforms like PayWay, Ezeemoney, and agent banking because the recently introduced mobile money tax does not apply to them, according to the state minister for finance
September 11, 2018
Economy
Politics & Policy
Bank of Uganda holds primary rate constant
The Bank said the decision is consistent with its neutral monetary policy stance and is in line with keeping core inflation close to the medium-term target of 5% while supporting economic growth
August 13, 2018
Companies
Politics & Policy
Banks should strengthen defences against fake news — Mutebile
In an address to the Uganda Bankers Association, the governor of the Bank of Uganda said false allegations to malign Dfcu had failed. He added that banks should do more to ward off reputational risk by, among other strategies, combatting fake news
July 28, 2018
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