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The need for a single currency across East Africa arises from the goals of fostering regional integration, enhancing economic stability, and facilitating trade by eliminating currency exchange...
The Bank of Uganda has increased its interest rates for the second straight month to 10.25% from 10% —the highest point in nearly seven years.
Many banks have had to mobilise huge amounts of capital within a short period to meet the new paid-up capital of Shs150b by June
Three commercial banks in Uganda will transition from Tier I commercial banks to Tier II credit institutions, the Bank of Uganda said in a statement on Wednesday. The three institutions, ABC Capital Bank, Guaranty Trust Bank and Opportunity Bank, now have three months to make the transition. This will include phasing out products and processes
He alleges that the death of a BoU governor renders the deputy governor devoid of any constitutional or statutory authority to sign on currency notes