Bank of Uganda

Prof. Emmanuel Tumusiime-Mutebile, Bank of Uganda’s longest-serving Governor, dies at 72 years

by Muhereza KyamuteteraFinanceIndustry & AnalysisThe Big StoryJanuary 23, 2022January 23, 2022

Prof. Emmanuel Tumusiime-Mutebile, Bank of Uganda’s longest-serving Governor and Chairman of the Board of Directors, since 2001, has died. He was aged 72 years. Born on January 27th, 1949, he…

January 14 – January 21, 2022: Weekly financial markets review and outlook with Stephen Kaboyo

by CEO ReporterFinanceIndustry & AnalysisJanuary 21, 2022January 21, 2022

The local currency kept a positive outlook, as earlier forecast of increased dollar demand underpinned by the reopening of the economy did not come through at the scale that was…

Standard Chartered Bank awarded best performing PDMM in Uganda securities 2020/2021

by CEO ReporterCompany NewsNews & AnalysisJanuary 20, 2022January 20, 2022

Standard Chartered Bank Uganda Limited has been announced as the best performing Primary Dealer Market Maker (PDMM) in Uganda Government securities during the period October 2020 to September 2021. The…

6.5% CBR meant to meet inflation target in the medium term – BoU

by CEO ReporterFinanceIndustry & AnalysisDecember 22, 2021December 22, 2021

The Bank of Uganda (BoU) at the Monetary Policy Committee meeting of December 2021, maintained the Central Bank Rate (CBR) at 6.5%. The Central Bank says maintaining the CBR at…

Early Christmas for PostBank as BoU upgrades government-owned financial institution to fully-fledged commercial bank

by CEO ReporterCompany NewsNews & AnalysisThe Big StoryDecember 14, 2021December 14, 2021

Bank Of Uganda has issued PostBank a license to operate as a tier-one commercial bank.  Henceforth, PostBank shall no longer be categorized as a credit institution but as a deposit-taking…

November 26 – December 3, 2021: Weekly financial markets review and outlook with Stephen Kaboyo

by CEO ReporterFinanceIndustry & AnalysisDecember 3, 2021December 3, 2021

The local currency found support in a fairly stable market environment characterized by lack of vigour on the demand side against sufficient supply levels. Trading was confined in a tight…

BoU Deputy Governor commends Centenary Bank for accelerating digitalization of services

by CEO ReporterCompany NewsNews & AnalysisDecember 1, 2021December 1, 2021

“Centenary Bank has played a part in this domestic acceleration of digitalization and the launch of its Mastercard Platinum debit card is only the next evolution of its digital channels,”…

November 19 – November 26, 2021: Weekly financial markets review and outlook with Stephen Kaboyo

by CEO ReporterFinanceIndustry & AnalysisNovember 26, 2021November 26, 2021

The Uganda shilling got a boost from export flows as well end month conversion that lifted up the local unit to trade at 3550/60. In fixed income markets, yields on…

November 12 – November 19, 2021: Weekly financial markets review and outlook with Stephen Kaboyo

by CEO ReporterFinanceIndustry & AnalysisNovember 19, 2021November 19, 2021

The Uganda shilling surrendered some ground shedding off at least 15 units on the back of heavy demand from fuel importers stocking up for end of year. Trading was in…

October 22 – October 29, 2021: Weekly financial markets review and outlook with Stephen Kaboyo

by CEO ReporterFinanceIndustry & AnalysisOctober 29, 2021October 29, 2021

The Uganda shilling steadied against the dollar, recouping its losses, largely supported by offshore dollar inflows. The dollar- UGX rate hovered around 3550 throughout the week. In the regional markets,…