The Director of Research at the Bank of Uganda Dr. Adam Mugume has are temporal and the situation is expected to reverse in a few months. He says the current inflation that stands at about 14% is caused by temporary factors that are expected to subside in a few months. Dr. Mugume told a press […]
There are also problems with the efficiency and volatility of our securities markets. Evidence for this is the often erratic bidding behavior at bond market auctions, with bids which are at odds with prevailing secondary market rates and a normal positively sloped bond yield curve. In part this reflects a lack of transparency in the securities markets; for example, the closing prices and yields on the secondary markets are not available to all market participants. It also reflects the need to improve the understanding of key market issues by some participants.
Bank of Uganda will host an International Conference on Agricultural Finance in Africa, which is organized in collaboration with the partnership for Making Finance Work for Africa (MFW4A) from Jun 28, 2011 at Speke Resort Munyonyo, Kampala. The challenges of Agricultural Finance are widely recognized. But what really works in the business between agriculture and […]
The assistant director financial stability at the central bank, Robert Mwebazize has revealed the banks plan to amend the Financial Institutions Act 2004 in a bid to create a regulatory frame work to monitor micro finance deposit institutions (MDI) just like other financial institutions. Mwebabazize states that the proposed changes were forwarded to the finance ministry for […]
The Bank of Uganda has expressed concern at the surging inflation rates in the country which have now reached 14.1% from 11.1% in the year ended March 2011. The Director, research at BOU, Dr. James Mugume notes that annual core inflation nudged to 9.7% for the year ending April 2011 from 7.8% in the year ending March 2011. Mugume also says that inflationary rate […]
The Bank of Uganda is reducing the circulation of the Uganda shillings in an attempt to strengthen the local currency against the dollar and stabilize the economy. The Director of Research at the central Bank Adam Mugume says the move is vital because the Central Bank uses the money in circulation and money held by […]
Bank of Uganda has called upon Ugandans that it is in need of fumigation and rodent control services for the bank buildings in Kampala, Mbarara, Kabale, Fort-Portal, Jinja, Mbale, Gulu and Arua. The press release from Bank of Uganda today indicates that the scope of services the fumigators must offer to the bank are in […]