Central Bank
-
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…
Read More » -
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…
Read More » -
Finance & Banking
Banks endorse government plans to take idle cash on dormant accounts
KAMPALA – The Uganda Bankers’ Association (UBA) has endorsed the government plans to take cash considered “idle or dormant accounts” in all banks. In the new National Payments Systems Bill 2020, the…
Read More » -
Cooperatives & Communities
Otuke district returns Shs 600m for teachers’ recruitment
OTUKE – Otuke district Local Government has returned Shs 600m which was released by the Ministry of Finance, Planning and Economic Development for the recruitment of teachers and payment of their salaries.…
Read More »