We'll assume you're ok with this, but you can opt-out if you wish. We're sorry but new-vision-web doesn't work properly without JavaScript enabled. Our goal is accurate analysis, continued coverage of stories that is not event-driven, and relevance. Mobile: +256 777 776 920, +256 752 169 448 SAUDI ARABIA: Saudi regulator approves new products covering risks of event cancelations. Please enable it to continue. News; COVID-19; Politics; Health; Africa; APO Wire; Business; Opinion; Sports; Contact Us; TND Latest. Email: newsroom@tndnewsug.com Exclusive:”Museveni to Appoint Dr. Simon Kagugube As New Governor Bank of Uganda” BY: Eyalama In Business On January 2, 2019 Reports coming in indicate that President Yoweri Museveni has already named the successor of the current embattled Bank of Uganda (BOU) Governor, Prof.Tumusiime-Mutebile and he will be be replaced by Simon Kagugube, the the executive director Centenary Bank. 18 Sep 2017. This category only includes cookies that ensures basic functionalities and security features of the website. The Bank of Uganda, at the Monetary Policy Committee (MPC) meeting of December 2020 has maintained the Central Bank Rate (CBR) at 7 percent. The Bank of Uganda increased its new monetary policy interest rate (the central bank rate [CBR]) by 200 basis points to 16.00% from 14.00% previously. Tumusiime Mutebile attended Kigezi College Butoberefor his O-Level studies (grade S1-S4) after he joined Makerere College School in Kampala for his A-level studies (grades S5-S6). Islamic Banking in Uganda. Banking sector could face loss of $140 million if three largest banks default. Sorry, your blog cannot share posts by email. The false claim that money was extracted from Crane Bank: 10. 31 Jul, 2019. At the AFI Global Policy Forum held in Riviera Maya in Mexico in 2011, the Bank of Uganda was one of the original 17 regulatory institutions to make specific national commitments to financial inclusion under The Maya Declaration. Bank of Uganda News Service from EIN News. This is to inform applicants for the position of Nurses and Laboratory Technician that were advertised on the Bank of Uganda website and in the print media (Daily Monitor and New Vision on 20 th and 23 rd November 2020, respectively) that the closing date for receiving applications has been extended from Friday 4 th December 2020 to Friday 18 th December 2020. By Deo Wasswa Bank of Uganda reveals that the necessary regulatory framework and payment strategy to accelerate use of digital finance platforms is in the offing. It was gathered that the details of the extension were not released because of Internet […] But many of the assumptions behind the Bank of Uganda’s February decision have been upended by the global spread of the Covid-19 coronavirus outbreak, including to Uganda. But these are not normal times at the central bank and speculation has mounted that Museveni is now ready to move to fix things at the central bank. Strongly disregard the false and malicious story of his passing.”. We also use third-party cookies that help us analyze and understand how you use this website. “He is receiving treatment in a Ugandan medical facility and will resume duty as soon as he has recuperated. We believe business journalism is more than events, conferences, and press releases. Parliament approved a bill that will see all mobile money service providers acquire working licences from Bank of Uganda. Adam Mugume has been appointed Acting Deputy Governor Bank of Uganda, watchdoguganda.com has learnt. The statement was signed by Adam Mugume, the bank’s executive director for research. Bank of Uganda (BoU) is the Central Bank of the Republic of Uganda. Musasizi said the new law will now provide for electronic money issuance and circulation and how the issuance of mobile money will be licensed, supervised and regulated. Speaking at the Digital Financial Literacy summit, the director National Payment Systems Bank of Uganda, Mackay Aomu says that from the regulatory perspective, working with the ministry of finance […] 28 0. These cookies will be stored in your browser only with your consent. Get News Stories Delivered to Your Inbox. On Thursday, BoU said the press conference that follows the monetary policy committee would be held online through a Facebook Live stream, not at the bank as is custom. Opposition will be routed at the polls—NRM’s Odongo Lango; Uganda needs truth and truce in 2021—the clergy should lead us; They have excelled! It had earlier communicated that the governor, Emmanuel Tumusiime-Mutebile, is sick and was receiving treatment “in a Ugandan medical facility”. Stay on top of Uganda latest developments on the ground with Al Jazeera’s fact-based news, exclusive video footage, photos and updated maps. Bank of Uganda adapting to the future - Dep. Bank of Uganda maintains CBR at 10 percent in August 2019. Page 1 of 1. Government should join hands with the financial sector to strengthen rural-urban linkages and link local agriculture firms to external buyers and retailers, A slowdown in the rise of food prices was responsible for the drop in the increase of Uganda consumer prices in November to their lowest level since March 2015, according to figures from the statistics bureau. External links. Previously Director of Research at Bank of Uganda, Dr Mugume will replace Louis Kasekende whose contract … Indeed, the high frequency indicators of economic activity in … In 1972, Mutebile was forced to flee Uganda after he gave a speech publically criticizing the expul… Bank of Uganda alleges (without evidence or any rationale) that it injected 497 billion into Crane Bank and has failed to account for it as shown by both the COSASE and Auditor General’s Reports. This website uses cookies to improve your experience while you navigate through the website. Posts in tag Bank of Uganda Neocolonial Bank of […] SoftPower News is a subsidiary of SoftPower Communications LLC, a Ugandan digital media group. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. In June 2019, 7 directors of the bank were fired after accusations of … Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. 10 months ago. “It … Bank of Uganda (BoU) is the Central Bank of the Republic of Uganda which was opened on August 15, 1966. Your Email: Join Today. Here is what you need to know about the central bank’s move and what it means for Crane Bank and its customers. Share on Facebook Share on Twitter. The central bank did not give a reason for the decision, which was posted on social media (and, later, on its’ website). The latest figures from the Uganda Bureau of Statistics show that inflation is running below the bank’s medium term target of 5%. This website uses cookies to improve your experience. 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