Search results for bank-of-uganda
The government has announced that the Bank of Uganda will start regulating micro finances and mobile money as the way of protecting the consumers of such services. The minister of finance Maria Kiwanuka said that consumers have been complaining about the microfinance services and government is being forced to intervene. She that government has already […]
Members of parliament are still opposed to the Uganda Vision 2040 proposed by the National Planning Authority. The mps who were interfacing with officials from national planning authority at parliament said that the said vision was not got from the NPA officials but from the executive that lack expertise. They say that such a long […]
Members of NRM caucus have failed to agree on petroleum and oil development bill that is currently being debated by parliament. In an impromptu caucus meeting chaired today by the party’s chief whip Justine Lumumba, members failed to harmonize the amendments proposed by the natural resources committee, and individual members including Theodore Ssekikubo and […]
A section of members of parliament is asking that officials of the Bank of Uganda too be questioned by police over the alleged financial misappropriation reported in the various different ministries. Ajuri county mp Denis Obua Hamson is one of those who argue that under the current system no ministry spends money without the approval […]
Bank of Uganda Governor Tumusiime Mutebile has been thrown out the oil Adhoc committee investigating the oil sector for the second time for failure to produce evidence to the committee that he was directed by president Museveni to draw money from the consolidated fund to finance the purchase of fighter jets to the tune of 1.7 trillion […]
The Ugandan shilling has hit a record low value against the U.S. dollar currently selling at about 2,410 to one US dollar. The shillings started losing again against the dollar after a few months of near comeback where the shilling had dropped from the 2,390 mark to about 3,278 in early June. It is not […]
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 […]