Bank of uganda
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Cooperatives & Communities
Rakai farmers form own SACCO to provide cheap credit for production
RAKAI– At least 100 coffee and dairy farmers in Kacheera Sub-county in Rakai district have formed their own SACCO [Kacheera Sub-county Coffee and Dairy Farmers SACCO] to provide members with cheap loans…
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Finance & Banking
Gov’t starts payment of Shs 2.5 trn matured securities
KAMPALA– Government is to pay Shs2.5 trillion to the Bank of Uganda [BoU)]in matured securities after its repayment was disrupted by the advent of COVID-19. The money is a domestic loan acquired…
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Finance & Banking
BoU CBR spiked to 10 percent as inflation rises again
KAMPALA-The Bank of Uganda [ BoU ] has in the Monetary Policy Statement [MPS] for October 2022, raised the Central Bank Rate [CBR] to 10 percent from 9 percent previously. That followed…
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Finance & Banking
Govt has no debt with us, Bank of Uganda says
KAMPALA-The Bank of Uganda [ BoU ] in the latest media statement has come out to refute claims that government excessively borrowed money from the institution and failed to pay it back.…
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News
Banks post 26.9 percent profit as sector remains resilient to potential shocks
KAMPALA– Year on year, commercial banks’ aggregate net profits after tax (NPAT) increased by 26.9 percent to Shs 1,073.9 billion in the year ending December 2021 from Shs 846.2bln in the previous…
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News
Depositors rush to withdraw their money as Afriland First Bank closes
KAMPALA– Depositors of Afriland First Bank Uganda Limited are running to its head office to salvage their money as well but also open new accounts with other commercial banks after the former…
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News
Pay your loans, top govt officials warn Ugandans
KAMPALA– Ugandans who don’t want to pay back their loans are giving a bad image to the country, top government officials have said. The Finance Ministry Permanent Secretary and Secretary to the…
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News
BoU holds CBR at 6.5 percent for April 2022
KAMPALA – The Bank of Uganda [BoU] has maintained the Central Bank Rate (CBR) at 6.5 percent. The decision was taken during the Monetary Policy Committee (MPC) meeting of April 2022. BoU…
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Cooperatives & Communities
BoU boss commends Kabarole district on commercial agriculture
KAMPALA– The Deputy Governor of the Bank of Uganda [BoU] Dr. Michael Atingi-Ego has lauded the people of Kabarole district for engaging in commercial agriculture, emphasising the role the sector plays in the…
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Cooperatives & Communities
Co-operators condemn ‘confused’ regulatory regime
Co-operators in Western Uganda have condemned what some referred to as a “confused” regulatory regime resulting from the enactment of various laws meant to regulate the operation of cooperatives, SACCOS in particular,…
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