The late Prof. Emmanuel Tumusiime-Mutebile President Yoweri Museveni is yet to appoint a Governor for Bank of Uganda to replace the fallen Prof. Emmanuel Tumusiime-Mutebile, but he has assured the leadership of Parliament that he is still thinking about his choice and action will be taken. The revelation was made by Deputy
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The Bank of Uganda has been tasked to explain how it seized and sold off assets of the Co-operative Bank of Uganda, without liquidating the institution. According to the records available, the Co-operative Bank was registered in 1964 under the Cooperatives Act and has never been liquidated or abolished. Following
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Michael K. Mugabi, the Housing Finance Bank Managing Director January is that time of the year when many draw plans for the year with various aspirations and goals. It is also the time when financial pressures out of the festive season kick in with needs like school fees, business, and
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Yinager Dessie was appointed as Ethiopia's central bank governor in 2018 The head of Ethiopia’s central bank has been replaced as the country continues to grapple with high inflation rates. Yinager Dessie was appointed as governor of the National Bank of Ethiopia (NBE) in 2018 shortly after Prime Minister Abiy
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Henry Musasizi, the State Minister of Finance in charge of General Duties The Government has triggered stringent amendments to repeal the current Foreign Exchange Act of 2004 to streamline governance and eliminate financial sector barriers. The Foreign Exchange Amendment Bill, 2022 seeks to provide for the enhancement of the minimum
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L-R: Robert Wanok, the Head of Personal and Business Banking, Bageine Musoke, the Head Personal Banking, Diana Akebo, Product Manager and Ronald Kasasa, the Head of Business Banking at dfcu bank dfcu Bank has launched 12-week campaign inspiring customers to ‘Reach for More’ by taking advantage of its special financial
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The Executive Board of the International Monetary Fund (IMF) concluded the combined second and third reviews under the ECF Arrangement for Uganda. Further, the Executive Board granted a waiver of nonobservance of a performance criterion on the stock of net international reserves of the Bank of Uganda. The completion of
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Emma Mugisha (3rd left), Stanbic Bank’s Executive Director and Head of Business Banking flanked by other senior officials of the Bank officially unveiled the campaign in Kampala on January 12. Stanbic Bank Uganda has today, unveiled ‘a financial relief package’ in a campaign dubbed “Wumula ka Stress— (relieve your stress)”
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The Board of Directors of dfcu Bank Limited has appointed William Sekabebme as the interim Chief Executive Officer. In a notice to the Bank's shareholders, Board Chairman, Jimmy D. Mugerwa and Ligomarc Advocates said: “Mr. Mathias Katamba, Chief Executive Officer and Managing Director of dfcu Bank Limited (a subsidiary of
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Musa Jallow, Absa Bank Uganda’s Retail Banking Director Following a year with an uncertain economic environment, Absa bank Uganda has announced a special financing package intended to help customers kick start the new year on a stronger foundation. The enhanced financing offering targeting salaried individuals includes a 2-month repayment holiday
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