Bank Of Uganda News

Uganda records fastest private sector credit growth across EA

Recently, Bank Of Uganda said private sector credit was recovering from shocks due to improved economic activity, improvement in asset quality (decreasing NPLs) and associated easing of credit conditions.

Daily Monitor , Uganda Feb 15, 2019

BoU Tasked to explain foreign currency payment to MMAKS Advocates

Kampala, Uganda | THE INDEPENDENT | Bank Of Uganda (BoU) Officials have been tasked to explain external lawyers were paid in a foreign currency despite filing invoices in Uganda shillings.

The Independent , Uganda Feb 14, 2019

Govt turns to Mobile Money to boost securities market

A briefing on Monday showed that government believes it will lead to “increased savings and investment amongst Ugandans…, enhanced distribution capacity of government securities with the ability to reach out to individual retail investor especially those in rural areas.” The securities market – where Bank Of Uganda issues out instruments such as treasury bills and treasury bonds on behalf of the executive – remains an easy source of capital for government to borrow money.

The Observer , Uganda Feb 14, 2019

Behind micro-credit loans

A recent Bank Of Uganda loan pricing matrix for micro-deposit taking institutions showed that some MFIs are lending at as high as 65% effective interest rate per annum.

The Independent , Uganda Feb 14, 2019

BOU tasked to explain dollar payments to local lawyers

Bank Of Uganda has been tasked by MPs to explain why external lawyers were paid in foreign currency despite filing their invoices in Uganda shillings.

The Observer , Uganda Feb 14, 2019

BoU paid lawyers Shs9b to draft Crane Bank agreement

External lawyers from MMAKS Advocates, were paid $2.7m (about Shs9.8b) by Bank Of Uganda (BoU) to draft and negotiate the terms of reference of the Purchase of Assets and Assumption of Liabilities Agreement that the central bank relied on to take over Crane Bank, a parliamentary inquiry has found out.

Daily Monitor , Uganda Feb 14, 2019

Greenland Bank shareholders want sh785b from BoU

As a result, the shareholders have threatened to drag Bank Of Uganda (BoU) to court if it does not pay them sh500b in compensation for damages and another sh285b ($77m) for specific assets lost.

New Vision , Uganda Feb 14, 2019

MMAKS advocates lawyers quizzed on conflict of interest

Katuntu also asked the lawyers to explain their financial advisory services to Bank Of Uganda (BoU) concerning Crane Bank closure yet they were legal advisors to Crane Bank.

The Independent , Uganda Feb 13, 2019

BOU: Lawyers of MMAKS Advocates quizzed on conflict of interest

Katuntu also asked the lawyers to explain their financial advisory services to Bank Of Uganda (BoU) concerning Crane Bank closure yet they were legal advisors to Crane Bank.

The Independent , Uganda Feb 13, 2019

Shs 14bn distributed to ex-ISO employees

Sources told The Observer this week that the Shs 14bn was released by Bank Of Uganda last August but it has not been easy to distribute it because of disagreements, which led to the formation of a ten-man distributing committee.

The Observer , Uganda Feb 13, 2019