Bank of Uganda

Dfcu Bank has announced a significant dividend payout, totaling 6.8 billion shillings to its shareholders for the financial year ended December 31, 2023. This announcement was made during the bank’s …

In exercise of its powers under Sections 99 and 17 (b) & (f) of the Financial Institutions Act, 2004, as amended, the Bank of Uganda has effective today, June 18, …

On June 4, 2024, the Bank of Uganda’s Monetary Policy Committee (MPC) maintained the Central Bank Rate at 10.25%. Despite a rise in headline inflation to 3.6% in May, driven …

After four months since EFC Uganda Limited shut down, 24% of depositors whose deposits are under the Shs 10 million insurance limit have not been paid. The Bank of Uganda, …

Today 16h April 2024, the Hon. Minister of Finance, Planning and Economic Development together with the Hon. Minister of Trade, Industry and Cooperatives and the Hon. Minister of State for …

The Monetary Policy Committee (MPC) of Bank of Uganda has today, Monday increased the Central Bank Rate (CBR) to 10.25% from 10%. This highlights the instability of the Ugandan shilling, …

Government of Uganda is implementing a three-year economic program supported by the Extended Credit Facility (ECF) of the International Monetary Fund (IMF). The program was approved by the IMF Executive …

As inflation rates surge and the value of the Ugandan shilling declines, the Bank of Uganda has taken decisive action by raising the Central Bank Rate (CBR) from 9.5% to …

Every time the Uganda shilling approaches a round figure exchange rate threshold against the United States dollar, tongues begin wagging.  Currently, the shilling is flirting with the UGX4000 mark and …