Bank of uganda
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National
Private sector credit grew 1.6 percent in September 2023, says new report
KAMPALA, November 28, 2023 – The stock of total outstanding private sector credit in Uganda grew by 1.6 percent to Shs 21.17 trillion in September 2023 from Shs 20.84trn in August 2023,…
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Northern
BoU injects Shs 800bln in agriculture
LIRA, October 21, 2023 – The Bank of Uganda [ BoU ] has so far disbursed Shs 800 billion to farmers in the country under the Agricultural Credit Facility [ACF] introduced by…
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Finance & Banking
Uganda: First-ever Islamic Finance Conference to be held in Kampala
KAMPALA, October 18, 2023 – The inaugural Islamic Finance Conference takes place tomorrow in Kampala, according to Moses Emuron, Manager, Business Development & Risk Management at BDO East Africa Uganda. “BDO, Signum…
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Finance & Banking
Lending rates surged to 18.4 percent in August, says report
KAMPALA, October 18, 2023 – Lending rates for the shilling-denominated credit increased in August 2023 to 18.4 percent from 17.95 percent in July 2023, according to the latest Performance of the Economy…
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National
Banking sector remains resilient despite weak economic growth
KAMPALA, October 17, 2023 – The Ugandan banking sector remained resilient despite weak economic growth prospects, heightened inflation, and elevated geopolitical tensions, says the Bank of Uganda [BoU] in its Annual Report…
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Cooperatives & Communities
BoU awaits court decision on regulation of large SACCOs
KAMPALA, September 26, 2023 – The Bank of Uganda [BoU] will not continue with its plans to regulate large SACCOs until court rules on the case lodged by Uganda Cooperative Savings and…
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Cooperatives & Communities
Uhuru, partners launch Coop360 Network Innovations Awards 2023
KAMPALA, September 21, 2023 – The Uhuru Institute for Social Development [TUI], a social business enterprise, in partnership with other stakeholders, has launched the Coop360 Network Innovations Awards 2023 in which deserving…
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Cooperatives & Communities
Capital for microfinance institutions set at Shs 5 billion
KAMPALA– Microfinance Deposit Taking Institutions [MDIs] be required to have minimum capital of Shs 5 billion in order to operate in Uganda. The is contained in a statutory instrument on revision of…
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Cooperatives & Communities
Regulating large SACCOs: UCSCU drags BoU to court
KAMPALA – Uganda Cooperative Savings and Credit Union [UCSCU] has dragged Bank of Uganda [BoU] and the Attorney General to High Court in Kampala, saying the central bank does not have the…
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