Uganda
Bank of Uganda cuts rates by 25bp
Move comes despite inflation having risen for third consecutive month
Currency round-up: Uganda considers dropping smallest note
Suriname banker calls for larger denominations, while Chilean ex-governor opposes them
Government and opposition both reject Bank of Uganda rumours
Governor’s position remains unfilled 19 months after previous incumbent died
Uganda passes Islamic banking law
Parliament removes provision for sharia advisory council at the Bank of Uganda
Bank of Uganda denies issuing warning on currency ‘bouquets’
Comms staff nevertheless urge Ugandans not to engage in “misuse of money”
Currency round-up: Yellen’s signature added to US money
Singapore ends practice of printing new year notes; new coins in Canada and Ghana; and more
African governors face multiple financial ‘floods’
Kenyan governor says a “doubling, tripling” of access to IMF resources is needed
Four more African central banks raise rates
Ghana raises policy rate to highest level since 2017, plus hikes in Uganda, Sierra Leone and Tunisia
Bank of Uganda denies government broke law on loan repayment
Opposition says government borrowed more than $2 billion, but central bank rejects claim
Taking a cue from the top: governor turnover and independence
Central bank governors tend to have long tenures, but what that means can vary. High turnover remains a worrisome signal
Rates round-up: Argentina adds 950bp to main rate
Central banks in Argentina, Peru, Rwanda, Serbia and Uganda tighten policy
East African states clash over location of regional central bank
‘Verification exercise’ gave Tanzania the highest score, prompting Uganda and Kenya to object
Bank of Uganda raises rates 100bp at unscheduled meeting
Move is second increase in as many months as governor’s post remains unfilled
Ugandan president keeps governor’s role vacant
Observers say president Museveni wants loyal appointee to follow Tumusiime-Mutebile
Long-serving Bank of Uganda governor dies
Emmanuel Tumusiime-Mutebile sometimes courted controversy, but he also worked hard to defend the central bank’s autonomy
Uganda’s central bank cuts banknote printing costs
Improved processing and new reissuance guidelines streamline banknote management, report says
Uganda’s growth unlikely to return to pre-pandemic levels until 2024
Central bank governor says tourism sector has been hit by Covid containment measures
Uganda’s central bank cuts rates to historic lows
Uncertainty around the future path of Covid-19 weighs on growth prospects, governor says
Ugandan governor given fifth term following national election
Uncertainty surrounds timing of Mutebile’s return to office, as deputy steps in at latest MPC meeting
Vaccine would speed up recovery, Bank of Uganda reports
Higher levels of NPLs and high lending rates are hampering growth, report says, but vaccine could result in swift recovery
Bank of Uganda cuts rate and warns of lasting disruption
Central bank cuts rates and narrows target band, as impact of Covid-19 in Uganda continues to play out