CPA Josephine Okui Ossiya is the Chief Finance Officer, Bujagali Energy Ltd (BEL). She is also a Board member of Bank of Uganda, the First Female accountant to be appointed…
Bank of Uganda has approved requests by financial institutions and empowered them on a 3rd restructure for credit facilities to customers who have been impacted by Covid-19 In a circular…
The Uganda shilling oscillated in a narrow range of 3540/50 mainly on interbank and corporate market activity. Commercials banks were seen covering positions. The unit was a touch weaker after…
By Damalie Tibugwisa There is no doubt that mobile money services have transformed and revolutionalised the financial sector in Uganda. Mobile money has created new opportunities especially for SMEs, supported…
The local unit backtracked slightly, surrendering previous week’s gains as some pockets of demand emerged. The impact of the new COVID-19 measures kept the markets on the edge. Trading was…
Bank of Uganda (BoU) has reduced the Central Bank Rate (CBR) by 0.5 percentage point to 6.5 percent, the Monetary Policy Statement for June 2021 says. According to the Central…
The local currency strengthened on sustained inflows that outstripped demand as markets reacted to fresh COVID-19 lockdown measures. Bid and ask hovered around 3510/20. In fixed income, yields on Uganda…
The Court of Appeal has dismissed with costs, an appeal in which the Bank of Uganda (BOU) had sought to challenge a labour court decision that awarded hundreds of millions…
Commercial banks gave out UGX1.8 trillion in form of loans and advances in 2020 following the Covid-19 induced lockdown, a report indicates. According to the 2020 Bank of Uganda (BOU)…
Court has dismissed with costs a case in which businessman Amos Nzeyi had accused Bank of Uganda (BOU) of illegal closure of the National Bank of Commerce (NBC). Nzeyi co-owned…
