Uganda
Paul O'Neill and pop star argue over aid issue
UGANDA - The Washington Post reports that US Treasury Secretary Paul O'Neill and Irish rock star Bono have apparently fallen out, over the issue of digging wells, during a joint 10-day trip around Africa to investigate the aid issue. O'Neill has…
Banks gets electronic clearing system
UGANDA - The Uganda Banker's Association (UBA) and Bank of Uganda have introduced an electronic cheque clearing system, to replace the manual system, a statement from the bankers has said.
BOU forex strategy may be paying off
UGANDA - The Bank of Uganda's (BOU) new strategy of intervening into the foreign exchange market without disclosing amounts sold, seems to be working, reports New Africa News.
Central Bank changes worry forex market
UGANDA - The forex market has been unnerved by Bank of Uganda's decision to intervene discreetly rather than announce its specific actions in the market.
Townhall Meeting with IMF and World Bank leaders
MEETING - IMF Managing Director Horst Kohler and World Bank President James Wolfensohn with Civil Society Representatives Participating in the International Conference on Poverty Reduction Strategies, moderated by Warren Nyamugasira, Uganda National NGO…
Bank of Uganda introduces new cheques
UGANDA - Bank of Uganda (BOU) has announced the introduction of new cheques in a bid to standardise and improve the cheque operation system.
Uganda central bank plans commercial bank sale
SWEDEN - Bank of Uganda Governor Emmanuel Tumusiime-Mutebile said in an interview on 20 June he expected to complete within two months a deal to privatise Uganda Commercial Bank Ltd (UCB).
New board of directors at Bank of Uganda
UGANDA - Tumusime Mutebile has been appointed as the new governor of the Bank of Uganda.
Bank of Uganda Mutebile warns on statistics
Uganda's central bank governor, Emmanuel Tumusiime Mutebile, has warned politicians against interfering with the compilation of statistics. He said independence of the Uganda Bureau of Statistics (UBOS) is the only way correct indicators of the economy…
Uganda's Mutebile warns speculators
The Governor, Bank of Uganda (BOU), Emmanuel Tumusiime Mutebile, has warned against speculation in the foreign exchange marke. He said BOU is going to take action against the practice, because it hurts the economy.
Uganda c.bank sells $5m to support the shilling
The Central Bank of Uganda on Jan. 24, 2001, sold $5m to an interbank market already well supplied with dollars in an attempt to strengthen the shilling, dealers said. The shilling closed the day marginally up at 1,810/55 from a morning opening of 1,835…
Uganda cenbank says to tighten monetary policy
Uganda's central bank on Thursday announced a rise in commercial bank reserve requirements from next week in a bid to stem inflationary pressures from the weakening shilling.
Uganda govt approves Mutebile as new bank governor
The Ugandan parliamentary committee on appointments yesterday approved the nomination of Mr. Emmanuel Tumusiime Mutebile as the new Bank of Uganda governor.
Uganda president nominates new central bank chief
Uganda's President Yoweri Museveni has nominated Treasury Secretary Emmanuel Tumusiime-Mutebile to fill the vacant post of central bank governor, officials said on Tuesday.
Ugandan banks cautioned on margin fixing
The deputy governor Bank of Uganda, Dr Louis Kasekende, has warned commercial banks not to form cartels, in order to fix margins.
Ex-Greenland staff sue Bank of Uganda
Four hundred and eight former employees of Greenland Bank have sued the Bank of Uganda and their former employer for non-payment of gratuity, pension and terminal benefits.