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Mr Kasaija is expected before the Budget Committee today to explain the contradictions in the budget, among other glitches in the draft allocations to the various programmes

MPs vet Mutebile for another 5-year term  Saturday March 13 2021 Bank of Uganda Governor, Mr Emmanuel Tumusiime Mutebile. He said central bank is concerned with the increase in government indebtedness. Photo by David Lubowa. Summary The governor has navigated a stormy period that the central bank has endured in the recent years.  The year 2019 was particularly hard for BoU, with the sensitive institution plagued by bad publicity amid multiplicity of accusations.   Advertisement Bank of Uganda (BoU) Governor Emmanuel Tumusiime-Mutebile was yesterday quietly led before the Appointments Commi...

Cumulative net domestic financing for first half of current financial year was Shs4.264 trillion

Daily Monitor Thursday February 11 2021 Summary Uganda could have done better and this is something that the banking industry regulator does not shy away from. Advertisement Uganda has retained the 10th position in the Absa Africa Financial Markets Index (AFMI) involving 23 African countries. The Absa Africa Financial Markets Index, is a toolkit for African countries seeking to strengthen their financial markets.  Speaking during the launch of AFMI report earlier in the week, Bank of Uganda Deputy Governor, Dr Michael Atingi-Ego noted that Uganda’s overall ranking of 10th from 2017 to date...

Daily Monitor Friday January 29 2021 Summary On Wednesday, the Budget Committee of Parliament discovered that officials in the Ministry of Finance had smuggled Shs481b in the budget after the BOU Deputy Governor, Dr Michael Atingi-Ego, revealed that the central bank had not made any request for capitalisation. Advertisement The 2021/2022 financial year budget must be revised downwards by removing the Shs481b that had been sneaked into the Budget Framework Paper as recapitalisation for Bank of Uganda (BOU), Parliament has directed. On Wednesday, the Budget Committee of Parliament discovered th...