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Bank of Uganda

Only 3% of Uganda’s adult population borrow from bank, survey

Only 3% of Uganda’s adult population borrow from bank, survey

Financial Institutions have been encouraged to develop innovative ways of delivering financial services to more Ugandans. The call has been made by the deputy Governor Bank of Uganda Louis Kasekende while launching the Finscope 2018 Financial inclusion Survey at Kampala Serena Hotel. The survey showed that 22% of the country’s adult population is still financially excluded with […]

Bank of Uganda projects 6.5% growth in the next three years

Bank of Uganda projects 6.5% growth in the next three years

Bank of Uganda has acknowledged a more positive Economic growth outlook in Uganda than it was forecasted in the February monetary policy committee meeting. While releasing April monetary police statement today, the governor bank of Uganda Prof. Tumusiime Mutebire said that Uganda’s economic growth is projected to grow by 6.5% in the next three years. He said […]

Auditor General starts in depth audit on BOU over defunct banks

Auditor General starts in depth audit on BOU over defunct banks

The Auditor General has started carrying out an in-depth audit over the bankruptcy of defunct banks taken over bank of uganda. This came after the parliamentary committee on commissions, statutory Authorities and state enterprises told the Auditor general to interest its self in carrying out a special audit in the processes of defunct bank take […]

MPs demand status reports of defunct banks

MPs demand status reports of defunct banks

Members of Parliament sitting on the Committee Commissions, Statutory Authorities and State Enterprises have demanded liquidation and non-performing assets status reports of the defunct banks. The five defunct banks include Cooperative bank, Green land bank, International credit bank, Global trust bank and National bank of commerce. The committee chaired by Abdul Katuntu noted that although […]

MPs query Bank of Uganda’s 50 year’s anniversary celebration expenditures

MPs query Bank of Uganda’s 50 year’s anniversary celebration expenditures

The Parliamentary Committee on Commissions, Statutory Authorities and State Enterprises queried the expenditure of Bank of Uganda during this year’s 50 years celebrations. MPs while interfacing with the Bank of Uganda officials led by the Governor, Emmanuel Tumusiime Mutebire, said during the procurement of items and services for Bank of Uganda celebrations of 50 years there procurements […]

Commercial court wants Bank of Uganda and Sudhir to settle differences with in 60 days

Commercial court wants Bank of Uganda and Sudhir to settle differences with in 60 days

The Commercial Court has given Bank of Uganda and Business tycoon Sudhir Ruparelia 60 days within which to amicably settle their differences, failure of which the case file will be forwarded to a Judge for hearing. On Tuesday this week, the Head of this Court Justice David Wangutusi appointed city lawyer Harriet Magala from Kituuma Magala and company […]

Late Sam Owori dedicated his life to serve humanity

Late Sam Owori dedicated his life to serve humanity

Last Friday evening was one of the darkest days to the Ugandans and World of Rotary International following news of the death of the late Samuel Frobisher Owori, a Ugandan who was months away from becoming the second African to head one of the most successful humanitarian movements- Rotary International. Owori had on October 1, […]

Bank of Uganda takes over Crane bank amidst drama.

Bank of Uganda takes over Crane bank amidst drama.

Bank of Uganda last week took over the management of crane Bank amidst confusion on who actually is in charge of the embattled financial institution owned by tycoon Sudhir Ruparelia. Earlier during the week, Bank of Uganda had assured the public that nothing was wrong at the Bank which is famous for winning international excellence […]

Drastic drought affecting food production in the country, Bank of Uganda

Drastic drought affecting food production in the country, Bank of Uganda

Bank of Uganda has reported drastic raise in annual crop inflation in the last three months. This comes at the time when many parts of the country is experiencing drought which is likely to last until the end of this year, according to weather experts. While releasing the monitory policy statement for October  2016, the […]

MPs pin Mulago management on failure to collect medical charges from private patients.

MPs pin Mulago management on failure to collect medical charges from private patients.

The Parliament’s Public Accounts Committee (PAC) has accused Mulago hospital management for carelessness and negligence for their failure to collect medical charges from private patients who even include those from viable and rich companies. This was during the committee sitting where the hospital Executive Director, Dr. Byarugaba Baterana among other officials appeared to answer queries […]

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