Bank of Uganda Archives – Page 8 of 25

WorldRemit Money Transfer (Uganda) stops send transaction business

by Alphred Rhyman AgabaNews & AnalysisJuly 5, 2022July 6, 2022

Bank of Uganda, the financial services sector regulator has announced that WorldRemit Money Transfer (U) Limited has stopped offering the money remittance business that it is well known for. “Pursuant…

June 17 – June 24, 2022: Weekly financial markets review and outlook with Stephen Kaboyo

by CEO ReporterNews & AnalysisJuly 1, 2022July 1, 2022

The Uganda shilling was set to end the week mostly flat, a bit firmer cushioned by tight liquidity conditions mainly on account of end year corporate tax obligations that sucked…

Supreme Court dismisses Bank of Uganda’s appeal, orders central Bank to return Crane Bank shareholders

by Muhereza KyamuteteraCommercial Justice News & Analysis The Big StoryJuly 1, 2022July 1, 2022

Justice, Prof. Lillian Tibatemwa-Ekirikubinza, of the Supreme Court has today dismissed Bank of Uganda’s attempts to hold on to Crane Bank Limited and ordered that the company be returned to…

June 17 – June 24, 2022: Weekly financial markets review and outlook with Stephen Kaboyo

by CEO ReporterFinance News & AnalysisJune 24, 2022June 24, 2022

The Uganda shilling edged lower against the dollar as the market remained pressured by mainly offshore demand and pockets of demand from energy and manufacturing sectors. Trading held in the…

BoU okays Bank of Baroda’s request to pay UGX25 billion dividend for 2020

by Nelson NambooleNews & AnalysisJune 22, 2022June 22, 2022

Bank of Baroda (Uganda) Limited has announced that it will be paying its shareholders the final dividend for the year ended December 31st 2020 following receipt of the necessary regulatory…

June 10 – June 17, 2022: Weekly financial markets review and outlook with Stephen Kaboyo

by CEO ReporterFinance News & AnalysisJune 17, 2022June 17, 2022

The Uganda shilling continued to battle a range of headwinds surrendering gains post Bank of Uganda intervention. Foreign portfolio disinvestment was the main driver of the currency weakness during the…

Uganda’s interbank lending gets major boost as Tradeclear platform covers risk

by CEO ReporterNews & AnalysisJune 16, 2022June 16, 2022

15 Ugandan banks have signed onto the TradeClear platform to ease and boost interbank trade within the country. TradeClear is an interbank trading platform managed by financial services company Frontclear…

Ignore alarmist calls – Uganda Bankers Association tells Ugandans to disregard viral video

by CEO ReporterNews & AnalysisJune 11, 2022June 11, 2022

Uganda Bankers Association (UBA) has called on Ugandans to disregard a viral video alleging missing funds on customer accounts in Centenary Bank. UBA, in a statement, advises customers to contact…

May 27 – June 3, 2022: Weekly financial markets review and outlook with Stephen Kaboyo

by CEO ReporterFinance News & AnalysisJune 3, 2022June 3, 2022

The Uganda shilling was under stress trading above the key psychological level of 3800 for the first time in months. Towards closure of the week the unit cooled off, lifted…

May 20 – May 27, 2022: Weekly financial markets review and outlook with Stephen Kaboyo

by CEO ReporterFinance News & AnalysisMay 27, 2022May 27, 2022

The Uganda shilling was on a losing streak, trading at its lowest in months plagued by the reality of inflation pressures and high oil import demand. The energy forex requirements…