Bank of Uganda

New BoU Governor vows to fight money laundering

Prossy Kisakye | February 11, 2025

Newly appointed Bank of Uganda Governor, Dr. Michael Atingi-Ego, has pledged to combat money laundering and stabilize the country’s currency. He made the remarks to the media at Parliament on Tuesday, shortly after being vetted by the Parliamentary Appointments Committee, chaired by Speaker of Parliament Anita Among. Dr. Atingi-Ego stated […]

News

Atingi-Ego named new BoU Governor

Reporter | February 10, 2025

Mr Michael Atingi-Ego has been appointed as the new Governor of Bank of Uganda, with Prof Augustus Nuwagaba as his deputy. Atingi-Ego has been serving as the Central Bank’s Deputy Governor since March 2020 when he was appointed. Their appointment comes three years after the death of then Governor, Emmanuel […]

News

Eight govt officials charged, remanded over BoU heist

Ruth Anderah | February 6, 2025

Eight Ministry of Finance officials, including Accountant General Lawrence Ssemakula, Treasury Services Commissioner Jennifer Muhuruzi, and Senior IT Officer Yawe Tonny, were arraigned before the Anti-Corruption Court on Thursday and remanded to Luzira Prison. They are charged with corruptly causing the government a loss of Bank of Uganda’s Shs60 billion […]

News

BoU deputy Governor breaks silence on missing billions

Reporter | December 6, 2024

By MARTIN LUTHER OKETCH Bank of Uganda has said money meant for debt repayments to the Word Bank and African Development Fund was diverted from its intended destinations to two banks in London, UK, and Japan. In a press briefing on December 5, Bank of Uganda Deputy Governor Michael Atingi-Ego, said […]

HotSeat

Is the banking sector crumbling?

David Mujuni | December 4, 2024

Parliament recently tasked the government to explain how Bank of Uganda’s accounts were allegedly hacked, resulting in the theft of approximately Shs60 billion. Is the banking sector on the brink of collapse? In this episode of the KFM Hot Seat show, Judith Atim delves into this pressing issue with a […]