Domestic Borrowing by the government is creating a class of lazy investors, according to the Uganda Debt Network-UDN. Domestic Borrowing is done through the issuance of securities like treasury…
The Bank of Uganda has extended for six months effective April 1, 2021 the Credit Relief Measures that the banking industry offered their borrowers to help them overcome the impacts…
The Bank of Uganda has withdrawn from the case in which Diamond Trust Bank (DTB) seeks to overturn a high court ruling, which faulted Diamond Trust Bank-Uganda for collecting debts…
Bank of Uganda, Uganda’s central bank does not need recapitalization in the 2021/2022 financial, according to Deputy Governor Michael Atingi-Ego. He disclosed this while appearing before the Budget Committee of…
Borrowers and owners of the defunct International Credit Bank (ICB), Greenland Bank and Cooperative Bank whose properties were taken over and sold by Bank of Uganda irregularly and at giveaway…
Report of the Presidential Tripartite Committee What would you do in your first 48 hours as an Ag. Bank of Uganda Governor? Well, for Dr. Michael Atingi-Ego, who assumed office,…
A report by the Ministry of Finance, Planning and Economic Development indicates that banks gave out loans worth UGX2.65 Trillion to the private sector in the first quarter of the…
The local currency traded with a mild bullish bias, gaining slightly on heightened interbank and corporate activity that saw the unit trading within a narrow range of 3690/3700.In other domestic…
Banking institutions have since April restructured loans with clients worth UGX6.7 Trillion after repayments were affected by the Covid-19 pandemic. Bank of Uganda in April 2020 granted permission to all…
A Bank of Uganda (BoU) report has revealed that commercial banks recorded profits to a tune of UGX874 Billion between March and September 2020. This is despite the Covid-19 pandemic…
