Bank of Uganda Covid-19 intervention Archives

HIGH INTEREST RATES: Furious Mutebile threatens banks with retaliatory statutory capping of lending rates

Muhereza KyamuteteraThe Big StoryJuly 8, 2020July 8, 2020

The Governor of Bank of Uganda, Professor Emmanuel Tumusiime Mutebile, has today threatened to take retaliatory statutory action on the banking industry over its reluctance to cut interest rates in…

BOU’S DR. ADAM MUGUME: The 29 things lenders and borrowers must know about BoU’s credit relief measures

Muhereza KyamuteteraBanking & Financial Services The Big StoryMay 26, 2020May 26, 2020

1. What does Credit Relief mean? It is a re-organisation of a debt obligation through concessions or accommodations that provide borrowers with some form of relief in how and/or when…