The ministry for finance and Bank of Uganda are currently involved in a row over repayment of city tycoon Basajjabalaba’s shs142 billion compensation funds to the central bank coffers for losing city markets. Bank of Uganda Governor Tumusiime Mutebile told the public accounts committee that much as the then finance Syda Bbumba assured him that his […]
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 Members of Parliament on the adhoc committee investigating the bribery cases in the oil sector have today thrown out the Bank of Uganda governor Emmanuel Mutebile for attending to them unprepared. Mutebile had been summoned by the committee to explain the One trillion shillings the Uganda Revenue Authority executive director, Allen Kagina said has […]
The central bank governor, Prof. Emmanuel Mutebire has today announced a 1% increment in the central bank lending rate which now moves the rate from 13% to 14% this month with the aim of cracking down on the growing inflation in the country. The CBR rate is a tool used by central bank to control inflation but the governor says he will continue […]
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.