KAMPALA — Security agencies have confirmed the recovery of all six laptops stolen from the Bank of Uganda offices along Kampala Road, following intensified investigations into a break-in that occurred on 3 May 2026. Police say the incident prompted a swift response after it was discovered that unknown individuals had accessed the premises during the…
Kampala — Police have arrested two suspects in connection with the recent break-in at the Bank of Uganda headquarters in Kampala, as investigations into the incident continue. The suspects have been identified as Boaz Michael, 19, and Kabuye Ramadan, both residents of Nsambya Zone C in Kampala. According to police, the two were arrested following…
By Enock Katamba | Uncovered UG Kampala, Uganda — May 4, 2026 — Unknown assailants broke into the headquarters of the Bank of Uganda overnight and made off with several laptops in a security breach that has raised concerns about the safety of critical government infrastructure. According to preliminary reports, the break-in occurred during the…
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 of the Opposition in Parliament, Joel Ssenyonyi, following media reports that over Shs60 billion had been stolen from the central bank in less than a…
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 for the winding up of its affairs. According to the Deputy Governor, the Bank of Uganda has determined that the continuation of Mercantile Credit Bank…
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 comes in response to recent indicators from the Uganda Bureau of Statistics, which showed a marginal decline in headline inflation to 3.3% for March 2024….
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 Atingi-Ego, the Bank exercised its powers under Sections 72 (1) and 12 (1) (d) and (g) of the Microfinance Deposit-Taking Institutions (MDI) Act, 2003, as…
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 and defacing and compromise the integrity of the Uganda Shilling currency, which is illegal. It became even more prominent in the lead-up to this year’s…
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 their money because of mistrust among their relatives, so they put the money in the bank. Unfortunately, when they come to check on how much…
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 country. Uganda being the Pearl of Africa, it had important leaders who had helped it to develop ever since 1962 when we got independence from…
