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Uganda’s economic activity continues to strengthen driven by a significant recovery in industrial activity, a stable macroeconomic environment and foreign directive investment towards the extractive sector, says Dr. Michael Atingi-Ego the Deputy Governor Bank of Uganda. However, the Central bank cautions that Uganda’s growth outlook remains ...

#ogapromoug #behindtheheadlines #boumoneyhesit WHERE IS THE MONEY - Top Bank of Uganda officials quizzed over 60 billion loss inform of heist

On 5 December 2024, the Bank of Uganda (BoU) Monetary Policy Committee (MPC) maintained the Central Bank Rate (CBR) at 9.75%. Domestic inflation remains subdued. Over the twelve months leading up to November 2024, annual headline and core inflation averaged 3.3% and 3.5%, respectively. This stability is largely due to previous monetary policy ...

The Bank of Uganda announced on January 6 that it will now hold its monetary policy meetings quarterly, reducing the frequency from every two months. For 2024, meetings are scheduled for February, May, August, and November. In a statement seen by NTV Business, the central bank explained that this change allows the monetary policy committee to ...

Financial markets analysts have said that there are expectations that the Bank of Uganda may keep lending rates at the current 10.25% in June 2024 as the central bank looks to contain rising prices. Recent Bureau of Statistics records show that July inflation accelerated for the third month to hit 4%. In an economic outlook conversation with ...

How did BoU do at managing the economy this year? Well, Uganda is off the grey list of the Financial Action Taskforce, we maintained inflation below 5%, and the Uganda Shilling is the best performing African currency in 10 years. Those and more mentioned by Deputy Governor Michael Atingi-Ego in his end-of-year message sound like reasons to ...

The Bank of Uganda has issued a warning today: the local currency remains exposed to elevated inflationary pressures as offshore investors pull funds from the domestic market, seeking higher yielding rates in other markets. Deputy Governor Michael Atingi Ego also stated that economic growth is likely to slow from earlier projections, owing to ...

The Episode is Live! Tune in to the latest BOU CONNECTS podcast as Mrs. Rita Karungi Butime shares expert tips on saving, budgeting, and smart investing. Let’s take control of our finances today! Watch now on the BOU YouTube channel 👉

The Executive Director of the Bank of Uganda, Dr. Adam Mugume, says that the central bank has adequate foreign-denominated assets or foreign exchange reserves to withstand the current global economic shocks. Speaking during the 2025 Stanbic Global Insights Forum in Kampala, he noted that the central bank is consciously monitoring behaviors in ...

Bank of Uganda has broken its silence by clarifying that they were not involved in initiating the over 51 billion shillings that was paid into fraudsters' accounts in the United Kingdom and Japan. Addressing the media at the Bank of Uganda head office in Kampala, Deputy Governor Michael Atingi-Ego stated that they have so far recovered 8.205 ...

DFCU Group’s profit after tax grew by over 157% to 72 billion shillings for the financial year 2024. This growth comes despite challenges posed by uncertainties in the global geopolitical, economic, and political landscape. According to Charles Mudiwa, Chief Executive Officer of DFCU, these achievements can be attributed to the company’s ...

The former Bank of Uganda Governor, Louis Kasekende, has urged the central bank to incorporate data on the effects of climate change on prices and interest rates into its monetary policy decisions. Speaking at a climate change forum co-hosted by the Bank of Uganda and the International Monetary Fund, discussions focused on the evolving monetary ...

Following the appointment of Dr. Michael Atingi-Ego as the Bank of Uganda Governor and Augustus Nuwagaba as the new Deputy Governor by President Yoweri Kaguta Museveni, tonight we highlight who the two men are. Dr. Michael Atingi-Ego: Born in 1965 in Uganda, Dr. Atingi-Ego holds a Bachelor's degree in Economics from Makerere University, a ...

BoU clarifies: "Our systems are uncompromised and secure. The BoU systems were never hacked. Two incidents of fraud were initiated outside the BoU IT systems. Instructions were received by BoU to pay the wrong beneficiaries, leading to the diversion of funds. We have since recovered $8.205m of these funds though and we are pursuing the balance ...

The new leadership of the Bank of Uganda is urging the government to implement policies that will make it easier for Ugandans to conduct business, thereby fostering greater economic growth. The governors called for a reduction in the government’s reliance on local borrowing, which they argue creates competition for credit with local investors ...

They say love is priceless, but let’s be real - money matters in relationships. From budgeting as a couple to managing shared expenses and navigating debt, we’re unpacking it all with Mr. Robert Owagonza on the next BOU Connects podcast. Don’t miss the full episode dropping on our YouTube channel tomorrow. Subscribe now to the Bank of ...

The government has secured land in Kampala's central business district for the construction of a market information center to facilitate trade and investment. According to Robert Tomusange, the Director and Global Head of Real Estate Administration at Afreximbank, the project will be completed in three years. #NTVNews #NTVTonight # ...

Simple and easy way to get secondary data using the World Bank database. In this tutorial, few macroeconomic indicators for few countries in the Middle East and North Africa region (MENA) were chosen. Data downloaded included GDP growth, GDP growth per capita, Trade, Population, and Inflation.

Discover the largest carrier- neutral and state -of-the-art Data Centers in Uganda, that provide the right infrastructure for seamless remote connectivity, physical and network security, always on power supply and modern temperature management. MTN Datacenters are the perfect reliable and secure Colocation facilities for your compute, storage ...

Today, the Police Forensics Team, alongside other detectives, conducted searches at the homes of the nine suspects accused of orchestrating the fraudulent transfer of 60 billion shillings to accounts in Japan and the UK last year.The searches followed the arrest of officials from the Ministry of Finance as investigations into the high-profile ...

As the government has launched the National Population Data Bank, State Minister for Finance Amos Lugoloobi says it will help identify gaps in sectors such as education, health, and the economy, allowing for appropriate solutions. Daniel Kibet reports that this is Uganda's first population data bank. #NTVNews #NTVTonight #NTVWeekendEdition ...

We explore Uganda’s 5G race with insights from Airtel’s MD, uncover why smallholder farmers struggle with market access, and reveal how fintechs use mobile money data to boost credit access. Plus, the heated debate over the 2.8% interest rate cap—why lenders are protesting. Did you know? Most Ugandans don’t read loan agreements. # ...

The Uganda Institute of Banking and Financial Services, together with Nation Media Group, has agreed to start a nationwide campaign promoting financial literacy among Ugandans. This initiative intends to foster opportunities to educate the public about finance, personal growth, and sustainability, as Nation Media offers its multiple platforms ...

On 7 October 2024, the Bank of Uganda’s Monetary Policy Committee (MPC) reduced the Central Bank Rate (CBR) by 25 basis points to 9.75% due to an improved inflation outlook.

The role of financial institutions is going to be very important as Uganda targets growth levels of between 6.4 and 7 percent in the FY 2024/2025, a projection set to be supported by investments in downstream economic activities in oil & gas, tourism, exports tech and agro industrialization. In an exclusive interview with NTV, the Standard Bank ...

Macroeconomic indicators are key economic statistics and data points that provide insights into the overall health and performance of an economy. These indicators help economists, policymakers, businesses, and investors assess the current economic situation, make informed decisions, and anticipate future trends. Macroeconomic indicators are ...

Central Bank officials have told the parliamentary oversight committee (COSASE) that the more than 60 billion shillings that went missing from their accounts were not caused by hackers, but rather they received a faulty order from the finance ministry. The committee was surprised at how these officials admitted that taxpayer money had gone to ...

A team of senior soldiers from Burundi army is in the country to benchmark the efforts of Uganda's People’s Defence Forces in supporting the government to address food security in the region. According to the Burundi National Defense and Staff College, the UPDF has demonstrated exemplary support to the government in agricultural initiatives ...

Simple to use, excel based report preparation software for Uganda. Macro-free. Latest update in v7.0: Following grading system in recently released UNEB CBC results (letter grades A-E), 💠Result 1-4 classification, 💠Project Grading with an attached Descriptive Students Project Work Report.) Also available - report software for nursery ...

On the 27th of November, Standard Chartered announced their intention to explore the sale of their Wealth and Retail Banking business in Uganda to concentrate their resources on serving the cross-border needs of global Corporate and Financial Institution clients. However, does divest the Wealth and Retail Business not mean that the bank is ...

Uganda Development Bank has launched Reshaping Industries for a Sustainable Economy (RISE) program to financially empower local innovators in different fields and to transform the way the bank deploys its resources within the economy. Dr Monica Musenero the minister of Science, technology and innovation officiated the launch and applauded UDB ...

Paul Sefa Badu, Head of Wealth and Retail Banking at Standard Chartered Uganda, delivered a speech at the 2024 Digital & Financial Inclusion Summit, emphasizing the transformative role of digital banking in fostering economic growth in Uganda. He highlighted how digital banking empowers SMEs, enhances financial inclusion for underserved ...

"There's evidence of changing customer behavior across the industry and trends in banking that are irreversible." Anne Juuko, Outgoing CE, Stanbic Bank Uganda. #StanbicAnnualResults

Join us as Alex Rwanja, the Deputy Director overseeing the Agriculture Credit Facility at the Bank of Uganda (BOU), sheds light on how BOU has played a pivotal role in enhancing agriculture through the Seeds of Gold initiative. Discover the insights and strategies that are transforming the agricultural landscape! #NTVNews #NTVTonight # ...

Ever wondered why prices seem to rise during the festive season? And how you can stay ahead? Don’t miss Dr. Nicholas Okot breaking it all down in our next BOU Connects podcast episode, dropping this week on YouTube.

Data for Development - The World Bank's Living Standards Measurement Study team on the road in Uganda. Talip Kilic and James Muwonge of the Uganda Bureau of Statistics explain why accurate data is so important to sustainable development, and how "Behind every data point is a human story."

Last month, the government capped the interest rate on loans from microfinance institutions and money lenders to 2.8 percent per month and 33.6 percent per annum, following the passing of the Tier 4 Microfinance Institutions and Money Lenders Bill 2024. The law, according to the government, is to ensure that money lenders are guided in capping ...

In this episode of the CFO Playbook, Richard shares his career growth tips and tricks and how he managed to grow through the ranks from a fresh graduate to his current position as the Chief Financial Officer at the central Bank of Uganda, a journey spanning over 32 years, served in 8 departments. This episode of the CFO Playbook is supported by ...

Bank of Uganda has forbidden the issuance of financial cards for borrowers and will now require financial institutions to use the national IDs of borrowers to identify them and, by extension, rate them and issue a credit score. This means that credit reference bureaus will use more than banking history to determine whether borrowers are ...

In a shocking revelation, hackers allegedly stole 62 billion Ugandan Shillings (around $17 million) from the Bank of Uganda's treasury in less than 60 seconds, bypassing the bank's IT firewalls. The hacker group, identified as "Waste," has raised serious concerns about the security and leadership at Uganda's central bank, which has been without ...

What happens when the central bank of a country is robbed in plain sight? In this gripping video, we unravel the shocking $15 million heist at the Bank of Uganda. This wasn’t your typical bank robbery—no masked burglars or broken vaults. Instead, it was a sophisticated insider operation that siphoned millions through untraceable electronic ...

Bank of Uganda celebrated 60 years in August 2016. Here is a documentary that depicts the Milestones achieved by the Central Bank of Uganda. ---------------------------------------------------------------------------------------------------------------- For more videos subscribe to our channel: https://bit.ly/3QAM3qB Follow BOU here Twitter ...

We're touring the world's currencies... discover the story behind Uganda’s highest-value banknote! 🇺🇬💰 The 50,000 Ugandan Shilling note, worth about $13, holds more than just monetary value—it showcases Uganda’s rich culture, history, and breathtaking wildlife. From Kampala’s Stride Monument to the silverback gorillas of Bwindi ...

Learn how to use a Google Sheets macro to transform a CSV export from your bank and import it into your budget spreadsheet using the Tiller Money Labs add-on. Tiller Money automates your daily transactions and balances to Google Sheets. Tiller Money Labs offers supplementary workflows to make importing bank CSV into Google Sheets faster and ...