Dr. Adam Mugume

Bank of Uganda to completely phase out UGX1000 paper note in preference for coins

CEO East Africa MagazineNews & AnalysisThe Big StoryApril 5, 2024April 5, 2024

It’s no longer a question of what, but when. The government of Uganda says it will gradually phase out small denomination paper notes as one of the measures to reduce…

Michael Atingi-Ego officially assumes office as Deputy Governor, Bank of Uganda

Samuel MuhimbaCompany NewsFinanceAugust 3, 2020August 3, 2020

Dr Michael Atingi-Ego has taken over office as Deputy Governor, Bank of Uganda (BoU) effective August 03, 2020, replacing Dr Louis Kasekende who handed over office in January this year….

Ugandans Hold UGX 8.5 Trillion in Fixed Deposits – BOU

URNFinanceAugust 3, 2020August 3, 2020

Ugandans have stashed record amounts of cash in banks, an indicator Ugandans feared to spend their money with the coronavirus uncertainty still hovering around. Bank of Uganda data shows that…

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

Muhereza KyamuteteraFinanceThe Big StoryMay 26, 2020May 26, 2020

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…

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

Muhereza KyamuteteraFinanceThe Big StoryApril 15, 2020April 15, 2020

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,…

Who is Adan Mugume, the ‘acting’ Bank of Uganda Deputy Governor?

Muhereza KyamuteteraCompany NewsThe Big StoryMarch 28, 2020March 28, 2020

In exercise of the duties and powers of the Board under Section 10 of the Bank of Uganda Act (Chapter 51), the Board Members of the Bank of Uganda, at…