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TodayTuesday, April 28, 2026

BoU

LEFT-RIGHT: Igara East MP, Hon Michael Maranga Mawanda, the mover of the private members; Constitution Amendment Bill 2020, Hon Asuman Basalirwa and Hon Abdu Katuntu. The trio insisted the Central Bank must be reformed and made more accountable to the taxpayer. They also argue the reforms will avoid the scandals discovered during a 2018/19 Parliament Probe of the Central Bank.

MPs insist BoU must become more accountable; want governor and deputy governor’s powers split

Members of Parliament, sitting on the Legal and Parliamentary Affairs Committee have insisted the Governor and Deputy Governor of Bank of Uganda cannot also coccupy the offices of Chairman and Deputy Chairman
March 18, 2021
A court battle mounted by Dr. Sudhir Ruparelia (right), against what he says and parliament has found out to be an illegal takeover of his bank, has exposed a lot of rot in Mutebile's Bank of Uganda.

BoU’s purported liquidation of Crane Bank illegal- financial lawyers speak out

Attempts by Bank of Uganda to liquidate Crane Bank are illegal and could cost taxpayers more money, should it go ahead, several lawyers that CEO East Africa magazine has spoken to have
November 14, 2020
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Bank of Uganda Governor Emmanuel Tumusiime says financial institutions are free to decided on credit relief for their customers. Courtesy photo

Foreign banks do not require central bank authorisation to lend to Ugandan entities; Bank of Uganda clarifies on controversial court ruling

Professor Emmanuel Tumusiime Mutebile, the Governor, Bank of Uganda has unequivocally said that foreign financial institutions that do not use locally-raised deposits to lend to Ugandan entities do not require the authorisation
October 14, 2020
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The Katuntu-led committee has recommended several sweeping changes both at BoU and in the laws setting up the central bank so as to align it with the constitution and improve accountability as the scandal prone central institution

Presidential Committee recommends urgent and comprehensive sweeping Central Bank reforms

A committee appointed by President Yoweri Museveni to study several complaints made to the Inspectorate of Government and Parliament about Bank of Uganda, has recommended “urgent and comprehensive review” of what it
June 29, 2019
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