Central Bank
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News
High cost of digital transactions impeding financial inclusion in Uganda- Central Bank
KAMPALA, November 11, 2025 – Uganda’s Central Bank, the Bank of Uganda [BoU] has identified the high cost of digital transactions as one of the major obstacles to achieving full financial inclusion…
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News
Mortgage refinancing Bill raises paid-up capital to Shs 35bln
KAMPALA, September 6, 2025 — Mortgage refinancing institutions in the country will now be required to have minimum paid-up capital of Shs 35 billion. This is contained in the Mortgage Refinancing Institutions…
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News
BoU to regulate mortgage financing entities
KAMPALA, March 13, 2025 –– The Bank of Uganda [ BoU ] is set to regulate operations of mortgage refinancing institutions in the country once the Mortgage Refinance Institutions Bill, 2025 is…
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News
Hard work pays: Atingi-Ego confirmed as new Governor of Bank of Uganda
KAMPALA, February 10, 2025 – President Museveni has confirmed Dr Michael Atingi-Ego as the new Governor Bank of Uganda [BoU], finally settling the concerns of bankers and other stakeholders in the local…
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News
Gov’t asked to deal with illegal online money lenders
KAMPALA, December 21, 2024 – The Ministry of Finance, Planning and Economic Development has been given to respond to the claims that local online money lenders are harassing Ugandans including top government…
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News
Tayebwa calls for increased investment in Uganda’s agriculture
KAMPALA, October 11, 2024 — The Deputy Speaker of Parliament, Thomas Tayebwa, has called for increased investment in Uganda’s agriculture, saying that the sector holds the key to the country’s economic transformation.…
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National
Banks moving towards meeting new paid-up capital requirement, says BoU
KAMPALA – According to Bank of Uganda [BoU], the implementation of the revised minimum paid-up capital requirements by commercial banks and credit institutions has been largely successful and remains on course. This…
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East Africa
Intra-EAC trade hits US$ 10 billion mark
KAMPALA-Intra-regional trade within the East African Community [EAC] is on an upward trajectory, standing at US$ 10.17 billion in September 2022. The intra-EAC trade, accounting for imports and exports in the seven…
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International
IMF grants Senegal credit extension until January 2023
DAKAR-The International Monetary Fund [IMF] days ago approved the Senegalese authorities’ request for an extension until January 10, 2023, of the country’s Stand-By Arrangement [SBA] and Arrangement Under the Standby Credit Facility…
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Development
BOU ramps up CBR again
KAMPALA– Bank of Uganda [ BOU ]raised the indicative Central Bank Rate [CBR] to 8.5 percent for July from 7.5 percent before, as inflation rose – for the second time in a…
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