Emmanuel Mutebile Archives

Bank of Uganda cuts CBR to a record lowest 8% over Covid-19

Muhereza KyamuteteraFinance The Big StoryApril 6, 2020April 6, 2020

Bank of Uganda (BoU) has today, April 6th, 2020, in the April 2020 Monetary Policy Committee (MPC) meeting reduced the Central Bank Rate (CBR) by 1 percentage point to 8…

SINKHOLE? Of BoU’s UGX2 trillion losses and why MPs want the central bank’s excessive independence curbed

Muhereza KyamuteteraThe Big StoryFebruary 21, 2020February 21, 2020

A number of Members of Parliament sitting on the Budget Committee are against Government’s recapitalisation of the Central Bank unless the central bank explores other monetary policy tools beyond the…

Barclays officially becomes Absa Bank Uganda; BoU recognises name change with license

theceomaCompany NewsNovember 11, 2019November 11, 2019

Absa Bank Uganda, a subsidiary of Absa Group Limited has today received the license to operateand trade under its new name from Bank of Uganda. Formerly known as Barclays Bank…

FINANCIAL DILEMMA: BoU needs fresh UGX 671bn in capital- Auditor General

CEO East Africa MagazineFinanceOctober 18, 2019October 18, 2019

Bank of Uganda (BoU) is undercapitalised to a tune of UGX671.712Billion According to the Auditor General, John Muwanga this poses a risk to the Central Bank’s operations. The details of…