Michael Atingi-Ego

Bank of Uganda Raises Central Bank Rate (CBR) to 10% in Response to Economic Risks

Joy Esther Kitalima2 years ago06 mins

In a special meeting held on March 6, 2024, the Monetary Policy Committee (MPC) took a significant step by increasing the Central Bank Rate (CBR) to 10%. The decision was driven by a series of economic challenges outlined in the monetary policy statement of February 2024. The risks mentioned in the statement released by the…

Bank of Uganda Suspends Licences of M/s Pivot Payments Limited, Citing Threats to Financial Stability

Mike Williams2 years ago03 mins

In a significant move aimed at safeguarding the interests of the public and maintaining the stability of the financial system, the Bank of Uganda has exercised its authority under Section 13 of the National Payment Systems Act, 2020, to suspend the licences of M/s Pivot Payments Limited as both a Payment Service Provider and a…

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Bank of Uganda Raises Central Bank Rate (CBR) to 10% in Response to Economic Risks

Bank of Uganda Suspends Licences of M/s Pivot Payments Limited, Citing Threats to Financial Stability