The Governor Bank of Uganda (BoU) Emmanuel Mutebile has revealed that the Central Bank, the ratio of debt as percentage of GDP stood at 13.9% in nominal value terms as at end April 2020 and 29.7% percent in present value terms as at the end of March 2020. Mutebile made remarks while appearing before Parliament’s…
The President of Uganda Gen. Yoweri Kaguta Museveni has endorsed a request by the Ministry of Finance to borrow up to USD500M to recapitalize Bank of Uganda (BoU) and Uganda Development Bank (UDB), following the effects of Coronavirus (COVID-19) on Uganda’s economy. The money, according to credible sources, will come from the International Monetary Fund…
Bank Of Uganda and Finance Ministry have defied High Court orders blocking Parliamentary Commission from releasing the Shs 10bn to MPs until the hearing of the application challenging such. Reliable sources have confirmed to this website that a section of members of parliament have already secretly received Shs 20m covid-19 bonanza on their accounts. “Let…
Bank of Uganda (BoU) Governor Prof. Emmanuel Tumusiime Mutebile has been discharged from Nakasero Hospital. Prof. Mutebile was admitted to Nakasero weeks ago amid deteriorating health condition but according to fresh reports, the 71 year old strong Governor is currently eating Matooke in peace at his Kololo residence. “The Governor is okay, his body is…
The Governor Bank of Uganda, Prof. Emmanuel Tumusiime Mutebile has been diagnosed at Nakasero Hospital, Kampala with an arterial blood clot. A close family source revealed that the longest-serving BoU Governor was supposed to be airlifted to the United Kingdom for specialized medical treatment but due to coronavirus pandemic, he decided to have his medical…
As the saying ‘It ain’t over till it’s over’, well, you can’t argue with that. Former Bank Of Uganda (BoU) Deputy Governor Dr. Louis Kasekende is having sleepless nights after learning that his Ex bodyguard revealed a detailed information about his dealings to the Inspectorate of Government. This comes at a time when the president of Uganda Gen…
The President of Uganda Yoweri Kaguta Museveni has appointed Dr. Michael Atingi-Ego as the new Deputy Governor, Bank of Uganda (BoU). Mr Museveni, announced the appointment in a Sunday March 29, 2020 tweet, a day after the Central Bank board of directors unanimously picked the Director of Research at Bank of Uganda, Dr Adam Mugume,…
The Director of Research at Bank of Uganda, Dr Adam Mugume, was on Friday assigned to perform the duties of the Deputy Governor of Bank of Uganda. The position fell vacant about three months ago after Dr Louis Kasekende’s contract ended. He served in that position for 10 years. When contacted, the Central Bank deputy…
The Kadongokaku celebrated Singer turned Politician Mathias Mulumba Walukaga has dropped a new hit bang titled “Akanyomonyomo”. In his latest song, bitter Walukaga has warned against impunity and complacency where he stung bosses at the Central Bank Of Uganda, it’s advisors and lawyers for not learning from their past experiences and mistakes. The musician also…
The Bank of Uganda (BoU) has been making losses for most of the past 15 years and lawmakers in East Africa’s third-biggest economy are getting anxious about its ability to execute its mandate. BoU lost a total 2 trillion shillings ($545 million) during the period and only turned in a profit in 2007, when it…
