Parliament Demand Answers On Bank Of Uganda Robbery
Parliament has tasked the government to explain how Bank of Uganda accounts were allegedly hacked, resulting in the theft of approximately Shs60 billion. The matter was raised by the Leader…
Bank of Uganda Revokes Licence of Mercantile Credit Bank
The Deputy Governor of the Bank of Uganda announced the revocation of the license of Mercantile Credit Bank Limited, which has also been placed under liquidation, and made an order…
Bank of Uganda Raises Rates to 10.25% to Tackle Inflation
The Bank of Uganda Monetary Policy Committee (MPC) has taken decisive action to address inflationary pressures by announcing an increase in the Central Bank Rate (CBR) to 10.25%. This move…
Bank of Uganda closes EFC Uganda Limited
The Bank of Uganda (BoU) has announced the liquidation and revocation of EFC Uganda Limited’s license. According to a letter released by the Bank of Uganda Deputy Governor, Mr. Michael…
Bank of Uganda bans banknote gifts
The Bank of Uganda has cautioned Ugandans against defacing the national currency by using bank notes as gifts. But the central bank warned on Wednesday that such practices constitute mutilation…
Bank of Uganda tasked to address rising bank fraud
The National Economic Empowerment Dialogue (NEED) party has tasked the Bank of Uganda to tackle the increasing fraud cases in commercial banks. “We have our people in the diaspora sending…
Important People Uganda has lost in 2022
As the year of 2022 is coming to an end, uncovered news has brought you a list of the important people Uganda has lost who were adding value to the…
