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TodaySunday, April 26, 2026

Covid-19 and the economy

The market re-open but under very strict guidelines which are supposed to be followed by both the animal sellers and the buyers

Covid-19: Government Reopens Livestock Markets

Government has announced the reopening of livestock markets. The markets were closed in March by President Yoweri Museveni as a measure to curb the spread of the Covid-19 disease.    These restrictions
November 26, 2020
Following a lengthy court process that exposed both the incompetence of the legal team at the central bank and the massive flaws within its regulatory practices especially in the way several banks were taken over, closed and sold, under Mutebile’s watch or lack thereof, the central bank’s much publicised case against the billionaire businessman has crumbled like a pack of cards. It remains to be seen how much more the central bank will lose in terms of legal costs.

Mutebile eases Central Bank Rate to 7 per cent; urges banks to follow suit

Bank of Uganda has today, for the second time in three months, further eased down the Central Bank Rate for June 2020 to 7 per cent, setting another record low since the
June 8, 2020
Dr. Mugume the Acting Deputy Governor has laid out 29 very clear guidelines, laying out both lenders and borrowers' rights, obligations and responsibilities.

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

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 they meet
May 26, 2020
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Dr. Mugume the Acting Deputy Governor has laid out 29 very clear guidelines, laying out both lenders and borrowers' rights, obligations and responsibilities.

Bank of Uganda suspends payment of arrears as a precondition for loan restructuring; warns banks against excessive and or hidden restructuring fees

Bank of Uganda has today issued guidelines to all supervised financial institutions, to operationalize the credit relief and loan restructuring measures announced in the Monetary Policy Statement of April 6, 2020. In
April 15, 2020
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Mr. Gary Corbit (R), the CEO Sanlam General Insurance Uganda and Mr. Nicholas Lutakome (L), Acting CEO, Sanlam Life Insurance Uganda handover a dummy cheque of shs285 million to Dr. Diana Atwiine, Permanent Secretary (C), Ministry of Health as Sanlam Uganda's contribution to the National Response Fund COVID-19, to help combat the global pandemic and its effects in the country.

Sanlam Uganda donates UGX285 million to national anti-Covid-19 taskforce

Kampala, 14 April 2020 – Insurance and financial services provider, Sanlam Uganda, has donated UGX285 million (US$75,000) to the Government of Uganda’s National Response Fund for COVID-19. The fund was set up
April 14, 2020
Bank of Uganda faces scrutiny after cancelling the National Payments Switch tender, raising concerns over transparency, influence peddling, and procurement integrity. Allegations of favoritism and government interference spark debate on fair competition and financial sector governance in Uganda.

COVID-19: Uganda’s March business confidence index hits 3-year low

Uganda’s business confidence index for March 2020 has fallen to a 3-year low as the knock-on effects of Covid-19 begin to sink in. According to Bank of Uganda’s Business Tendency Indicators report
April 4, 2020

 

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