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Parliament demands answers on BoU heist

Benjamin Jumbe | November 29, 2024

Parliament has tasked the government to explain how Bank of Uganda’s accounts were allegedly hacked, resulting in the theft of approximately Shs60 billion. The matter was raised by the Leader of the Opposition in Parliament, Joel Ssenyonyi, following media reports that over Shs60 billion had been stolen from the central […]


News

Economy still faces several risks, says BoU

Reporter | October 9, 2024

By MARTIN LUTHER OKETCH Bank of Uganda (BoU) has warned that there still exist risks such as geopolitical tensions, which could push up energy prices and freight costs, resulting in higher inflation in Uganda. Inflation has decelerated but Bank of Uganda noted in its Monetary Policy Report that the above […]


Business

BoU increases central bank rate to 10%

Juliet Nalwooga | March 6, 2024

The Bank of Uganda has increased its key policy rate, the Central Bank Rate (CBR) to 10% up from 9.5% during a special monetary policy meeting. Deputy Governor Michael Atingi-Ego told a virtual briefing on Wednesday that the benchmark rate has been increased in a bid to curb inflation and […]


News

Banks to blacklist customers convicted of fraud

Prossy Kisakye | February 19, 2024

The Uganda Bankers’ Association has issued guidelines on how to mitigate fraud within Uganda’s financial sector with one of the proposals entailing all commercial banks to blacklist customers, staff, and collaborators convicted of fraud. The revelation was made by Sarah Arapta, the Association’s chairperson while unveiling the Banking Industry Guidelines […]


Business

Bank of Uganda closes EFC Uganda Limited

Mike Sebalu | January 19, 2024

Bank of Uganda (BoU) has announced the liquidation and revocation of EFC Uganda Limited’s license. EFC, a microfinance institution that was licensed and supervised by the Bank of Uganda has been ordered to wind up its services across the country. According to a letter released by the Bank of Uganda […]



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    01. Alaso-pins-MUK Podcast
    Alaso-pins-MUK Podcast

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    03. Arua By-elections
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    Arua Elections
    Arua Elections

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    Arua By-elections
    Arua By-elections

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    Ben On Parliament Podcast
    Ben On Parliament Podcast

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    Gulu Compaigns
    Gulu Compaigns

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    NCD Podcast
    NCD Podcast

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