As Valentine’s Day approaches, the Bank of Uganda (BoU) has issued a stern warning against the popular trend of “money bouquets” and other decorative cash gifts, saying that mutilating or defacing banknotes is illegal. BoU cautioned the public, florists, and gifting businesses against gluing, stapling, or pinning Shilling notes in bouquets, cakes, or other creative…
The Agricultural Credit Facility (ACF) has disbursed more than Shs1.23 trillion to support commercial agriculture in Uganda since its establishment in 2009, the Bank of Uganda (BoU) has said. According to Richard Byarugaba, the Executive Director for Finance at the Bank of Uganda, the facility was created to promote the commercialisation of agriculture by providing…
Bank of Uganda Governor Dr Michael Atingi-Ego has urged the country to move swiftly to establish a robust regulatory framework for virtual assets, warning that Uganda’s cautious pace risks leaving it behind regional competitors. Delivering the keynote address at the Kampala Blockchain Summit 2025 at Four Points by Sheraton, Atingi-Ego said Uganda stands at “a…