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…
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 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…
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…
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…
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…
“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,”…
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…
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…
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,…
