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The board of directors of the Bank of Uganda is the bank's supreme policy making body. It is chaired by the governor or, in his or her absence, by the deputy governor. The duties and powers of the board are specified by the Bank of Uganda Act. This Act makes the board responsible for the general management of the affairs of the bank. The board formulates policy and ensures
(Bloomberg) -- The Bank of Uganda raised interest rates for a third straight meeting and signaled its willingness to boost rates further if inflation isn’t reined in.Most Read from ...
5 Exchange rates. 6 See also. 7 References. ... The Bank of Uganda cut its policy rate to 22% on 1 February 2012 after reduction of inflation for 3 consecutive months ...
The privatized UCB was merged with the former Grindlays Bank Uganda that the Standard Bank of South Africa already owned and had renamed Stanbic Bank (Uganda). The combined bank is now known as Stanbic Bank Uganda Limited. [5] As of 2008, Stanbic Uganda was the dominant commercial bank in Uganda, with about 27 percent of all bank assets and ...
The Uganda Securities Exchange (USE) is the principal stock exchange of Uganda. It was founded in June 1997. The USE is operated under the jurisdiction of Uganda's Capital Markets Authority, which in turn reports to the Bank of Uganda, Uganda's central bank. [2] The exchange opened to trading in January 1998.
Since 1995, Uganda has experienced rapid economic growth, but it is not clear to what extent this positive development can be attributed to Structural Adjustment. [25] Uganda is a member of the World Trade Organization, since 1 January 1995 and a member of the General Agreement on Tariffs and Trade, from 25 October 1962. [26]
This is a list of commercial banks and other credit institutions in Uganda, as updated March 2023 by the Bank of Uganda [1] [2] and taking into account the more recent downgrading of three banks to other credit institutions.
Equity Bank Uganda Limited is a subsidiary of Equity Group Holdings Limited (EGHL). The Ugandan subsidiary owns 11,333,333 ordinary shares of the parent company based in Nairobi, Kenya . EGHL is a large Kenyan financial services conglomerate , with total assets of over Kshs 1.12 trillion (US$10.4 billion), as at July 2021.