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Bank Of Uganda
The Bank of Uganda () is the central bank of Uganda. Established in 1966, by Act of Parliament, the bank is wholly owned by the government but is not a government department. History In 1979 and again in 1987, the Bank of Uganda managed to maintain an exchange rate of USh to US$1. Starting in 1987, the IMF backed the development of the Bank of Uganda, and completed its first stage of recapitalizing the central bank in 1997. At the AFI Global Policy Forum held in Riviera Maya in Mexico in 2011, the Bank of Uganda was one of the original 17 regulatory institutions to make specific national commitments to financial inclusion under The Maya Declaration. In June 2019, seven directors of the bank were fired after accusations of printing their own money bills. Organization 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 boa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Ownership
State ownership, also called public ownership or government ownership, is the ownership of an Industry (economics), industry, asset, property, or Business, enterprise by the national government of a country or State (polity), state, or a public body representing a community, as opposed to an individual or Private property, private party. Public ownership specifically refers to industries selling goods and services to consumers and differs from Public good, public goods and government services financed out of a Government budget, government's general budget. Public ownership can take place at the Central government, national, regional government, regional, local government, local, or municipal levels of government; or can refer to non-governmental public ownership vested in autonomous public enterprises. Public ownership is one of the three major forms of property ownership, differentiated from private, Collective ownership, collective/cooperative, and common ownership. In marke ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Emmanuel Tumusiime-Mutebile
Emmanuel Tumusiime-Mutebile (27 January 1949 – 23 January 2022) was a Ugandan economist and banker. He served as the governor of the Bank of Uganda, the central bank of Uganda from 2001 until his death on 23 January 2022. Life and career Tumusiime-Mutebile attended Kigezi College Butobere for his O-Level studies (grades S1-S4). He then attended Makerere College School in Kampala, Uganda, for his A-Level studies (grades S5-S6). In 1970, he entered Makerere University, where he was elected president of the university Students' Guild. He was forced to flee Uganda in 1972 after he gave a speech publicly criticizing the expulsion of Asians from the country by Idi Amin. He fled to England via Tanzania, and was able to finish his studies at Durham University, graduating with an upper-second in Economics and Politics. In October 1974, he began his post-graduate studies at Balliol College, Oxford, before returning to East Africa. He entered the University of Dar es Salaam to lectu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking In Uganda
Before Uganda's independence in 1962, the main banks in Uganda were Barclays (UK based); Grindlays (also UK), Standard Bank (South Africa based) and the Bank of Baroda from India. The currency was issued by the East African Currency Board, a London-based body. In 1966, the Bank of Uganda (BoU), which controlled the issue of currency and managed foreign exchange reserves, became the Central Bank and national banking regulator. The government-owned Uganda Commercial Bank and the Uganda Development Bank were launched in the 1960s. The Uganda Development Bank is a state-owned development finance institution, which channeled loans from international sources into Ugandan enterprises and administered most of the development loans made to Uganda. The East African Development Bank (EADB), established in 1967, was jointly owned by Uganda, Kenya, and Tanzania. It was also concerned with development finance. It survived the breakup of the East African Community in 1977 and received a new ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Banks In Uganda
This is a list of commercial banks and other credit institutions in Uganda, as updated March 2023 by the Bank of Uganda and taking into account the more recent downgrading of three banks to other credit institutions. List of commercial banks * Absa Bank Uganda Limited, part of Absa Group * Bank of Africa Limited, part of Bank of Africa Group * Bank of Baroda Uganda Limited, part of Bank of Baroda Group * Bank of India (Uganda) Limited, part of Bank of India Group * Cairo Bank Uganda Limited, part of Banque du Caire Group * Centenary Rural Development Bank Limited, part of the Centenary Group * Citibank Uganda Limited, part of Citigroup * DFCU Bank Limited * Diamond Trust Bank Uganda Limited, part of Diamond Trust Bank Group * Ecobank Uganda Limited, part of Ecobank Group * Equity Bank Uganda Limited, part of Equity Group * Exim Bank Uganda Limited, part of Exim Bank Group * Finance Trust Bank Limited * Housing Finance Bank Uganda Limited, 50 percent state-own ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lira
Lira is the name of several currency units. It is the current Turkish lira, currency of Turkey and also the local name of the Lebanese pound, currencies of Lebanon and of Syrian pound, Syria. It is also the name of several former currencies, including those of Italy, Malta and Israel. The term originates from the value of a Roman pound (, about 329g, 10.58 troy ounces) of high purity silver. The was the basis of the monetary system of the Roman Empire. When Europe resumed a monetary system, during the Carolingian Empire, the Roman system was adopted. The Roman denominations were used (becoming known in England as £sd). Specifically, this system was kept during the Middle Ages and Modern Age in England, France, and Italy. In each of these countries the was translated into local language: pound (currency), pound in England, in France, in Italy. The Venetian lira was one of the currencies in use in Italy and due to the economic power of the Venetian Republic a popular cur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mbarara
Mbarara City is a city in the Western Region, Uganda, Western Region of Uganda and the second largest city in Uganda after Kampala. The city is divided into 6 boroughs of Kakoba Division, Kamukuzi Division, Nyamitanga Division, Biharwe Division, Kakiika Division, Nyakayojo Division. It is the main commercial centre of most of south western districts of Uganda and the site of the district headquarters. In May 2019, the Uganda's cabinet granted Mbarara a city status, which started on 1 July 2020. The name of the municipality came from a colonial mispronunciation of Emburara (Hyperemia rufa), a tall grass that previously covered the whole area. Location Mbarara is an important transport hub, lying west of Masaka on the road to Kabale, near Lake Mburo National Park. This is about , by road, southwest of Kampala, Uganda's capital and oldest city. The coordinates of the Mbarara central business district are 00 36 48S, 30 39 30E (Latitude:-0.6132; Longitude:30.6582). The city lies at an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mbale
Mbale is a city in the Eastern Region of Uganda. It is the main municipal, administrative, and commercial center of Mbale District and the surrounding sub-region. Location Mbale is approximately northeast of Kampala, Uganda's capital city, on an all-weather tarmac highway. The city lies at an average elevation of above sea level. The coordinates of the city are 1°04'50.0"N, 34°10'30.0"E (Latitude:1.080556; Longitude:34.175000). The city is on the railway from Tororo to Pakwach. Mount Elgon, one of the highest peaks in East Africa, is approximately , north-east of Mbale, by road. Population According to the 2002 census, the population of Mbale was about 71,130. In 2010, the Uganda Bureau of Statistics (UBOS) estimated the population at 81,900. In 2011, UBOS estimated the mid-year population at 91,800. The 2014 population census put the population at 96,189. Twinning Mbale was formally linked with the town of Pontypridd, Wales through local and regional twinning ceremonie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Masaka
Masaka is a city in the Central Region, Uganda, Buganda Region in Uganda, west of Lake Victoria. The city is the headquarters of Masaka District. Location Masaka is approximately to the south-west of Kampala on the highway to Mbarara. The city is close to the Equator. The coordinates of Masaka are 0°20'28.0"S, 31°44'10.0"E (Latitude:-0.341111; Longitude:31.736111). Masaka lies at an average elevation of above sea level. History Masaka was founded as a township in 1953. It became a town council in 1958 and a municipality in 1968. Masaka was a strategically important location during the Uganda–Tanzania War (1978–79), and was accordingly garrisoned by Uganda Army (1971–1980), Uganda Army troops. These soldiers terrorized the local civilians, prompting most to flee the town. On 23–24 February 1979, the Tanzania People's Defence Force and allied Ugandan rebels attacked the settlement, resulting in the Battle of Masaka. The town was bombarded with artillery, and fel ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Daily Monitor
The ''Daily Monitor'' is an independent daily newspaper in Uganda. Launched in 1992 as ''The Monitor'', it established itself as a leading voice critical of the government and is one of the two largest national newspapers, alongside the state-owned '' New Vision''. The paper is published by Monitor Publications Limited, which is majority-owned by the Nairobi-based Nation Media Group (NMG). History Founding (1992) ''The Monitor'' was founded on 24 July 1992 by a group of six journalists who had resigned from the government-owned newspaper, ''The Weekly Topic''. The founders included Wafula Oguttu, Charles Onyango-Obbo, James Serugo, David Ouma Balikowa, Richard Tebere, and Kevin O'Connor. Their objective was to create a newspaper that was independent of government control and could provide critical, in-depth coverage of politics and current affairs at a time when the media landscape was heavily dominated by state-run outlets. The newspaper quickly gained a reputation for its ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kabale
Kabale City is a city in the Western Region of Uganda. It is the main city of Kabale District, and the district headquarters are located at Makanga hills. It is sometimes nicknamed "Kastone" as in the local Rukiga language, a "kabale" is a small stone. Location Kabale city, second largest city in the Western Region of Uganda, is located in the Kabale District of the Kigezi sub-region. It is about southwest of Mbarara, the largest city in the Western Region of Uganda. This is approximately , by road, southwest of Kampala, Uganda's capital and largest city. The town lies above sea level with the coordinates: 01 15 00S, 29 59 24E (Latitude:-1.2500; 29.9900). Climate Population In 1969, the national census that year enumerated 8,234 people in Kabale City. According to the national census of 1980, that population had grown to 21,469. In 1991, the census that year enumerated 29,246 inhabitants. In the 2002 national census, Kabale had 41,344 residents. The 2014 national census a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jinja, Uganda
Jinja is a city in the Eastern Region, Uganda, Eastern Region of Uganda, located on the north shore of Lake Victoria. Location Jinja is in Jinja District, Busoga sub-region, in the Eastern Region of Uganda. It is approximately east of Kampala, the capital and largest city of Uganda. It sits along the northern shores of Lake Victoria, near the source of the White Nile, at an average elevation of above sea level. History The city was founded in 1901 by British settlers. It was planned under colonial rule in 1948 by Ernst May, German architect and urban planner. May also designed the urban planning scheme for Kampala, creating what he called "neighbourhood units". Estates were built for the ruling elite in many parts outside the centre city. This led to the area's 'slum clearance' which displaced more than 1,000 residents in the 1950s. In 1954, the construction of the Owen Falls Dam submerged the Ripon Falls. Most of the "Flat Rocks" that gave the area its name disappeared unde ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gulu
Gulu is a city in the Northern Region of Uganda. It is the commercial and administrative centre of Gulu District. The coordinates of the city of Gulu are 2°46'54.0"N 32°17'57.0"E. The city's distance from Kampala, Uganda's capital and largest city, is by road. Gulu is served by Gulu Airport. History During the British rule in the 19th and 20th centuries, Northern Uganda was less developed than the rest of the country. The people were conscripted into the army and the police, with many sent to fight in the First and Second World Wars. In the 1960s, many Sudanese, Rwandan and Congolese refugees settled in the city. The Lord's Resistance Army (LRA), under the leadership of Joseph Kony, sprung up in the 1990s after Auma/Lakwena went to Kenya. The LRA became increasingly violent in Gulu and surrounding communities. Up to 15,000 children, known as "night commuters", would flee into the city for safety every evening. In 1996, the Ugandan government ordered all civilians in n ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
