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Politics & 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
July 18, 2018
Digital Economy
Economy
Politics & 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
July 2, 2018
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
June 25, 2018
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
June 12, 2018
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 ...
May 24, 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
May 21, 2018
Companies
Markets
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
April 11, 2018
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
April 9, 2018
Economy
Markets
Politics & 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
April 9, 2018
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
April 5, 2018
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