• Latest
  • Trending
  • All
  • News
  • BUSINESS
  • POLITICS
  • Science
  • World
  • Lifestyle
  • Tech
Uganda’s Financial System is Stable -BOU Report 2019

Uganda’s Financial System is Stable -BOU Report 2019

November 5, 2019
Ugandan troops Eliminate Senior Al-Shabab Commander in Somalia

Ugandan troops Eliminate Senior Al-Shabab Commander in Somalia

September 16, 2025
NRM boss faces Disciplinary Action after openly Campaigning for Opposition candidate

NRM boss faces Disciplinary Action after openly Campaigning for Opposition candidate

September 13, 2025
​EC Calls for Peace and Adherence to the Law Ahead of Presidential Nominations

​EC Calls for Peace and Adherence to the Law Ahead of Presidential Nominations

September 9, 2025
OpED: NRM Tribunal Sinks the Final Nail in Tanga’s Coffin

OpED: NRM Tribunal Sinks the Final Nail in Tanga’s Coffin

September 9, 2025
Leaked letter by UPL Clubs reveals motive to frustrate FUFA’s Plan to Modernize Football

Leaked letter by UPL Clubs reveals motive to frustrate FUFA’s Plan to Modernize Football

September 7, 2025
Government speaks out after Lake Bunyonyi water turns Brown, smelly

Government speaks out after Lake Bunyonyi water turns Brown, smelly

September 2, 2025
Mukula Withdraws from NRM Vice Chairman Race, Cites Widespread Corruption

Mukula Withdraws from NRM Vice Chairman Race, Cites Widespread Corruption

August 27, 2025
Bugisu Cultural leader – Umukuka visits Pr Bujjingo’s Church: Delivers a Powerful message of Unity & Development

Bugisu Cultural leader – Umukuka visits Pr Bujjingo’s Church: Delivers a Powerful message of Unity & Development

August 25, 2025
We are ready for Senegal -Uganda Cranes confident ahead of Historic Feat in CHAN2024 Quarterfinal

We are ready for Senegal -Uganda Cranes confident ahead of Historic Feat in CHAN2024 Quarterfinal

August 23, 2025
Ignore the Rumors: Here are the Facts About the Cranes’ Kisaasi Hotel

Ignore the Rumors: Here are the Facts About the Cranes’ Kisaasi Hotel

August 20, 2025
Uganda Cranes Storm CHAN Quarterfinals for the first time after Dramatic showdown in Namboole

Uganda Cranes Storm CHAN Quarterfinals for the first time after Dramatic showdown in Namboole

August 19, 2025
Cranes focused on Victory ahead of Historic CHAN2024 clash with South Africa – Coach Molly Byekwaso

Cranes focused on Victory ahead of Historic CHAN2024 clash with South Africa – Coach Molly Byekwaso

August 18, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Tuesday, September 16, 2025
  • Login
Sabasaba Updates
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
    • Home – Layout 4
    • Home – Layout 5
  • News
    • All
    • Science
    • World
    Government speaks out after Lake Bunyonyi water turns Brown, smelly

    Government speaks out after Lake Bunyonyi water turns Brown, smelly

    Bugisu Cultural leader – Umukuka visits Pr Bujjingo’s Church: Delivers a Powerful message of Unity & Development

    Bugisu Cultural leader – Umukuka visits Pr Bujjingo’s Church: Delivers a Powerful message of Unity & Development

    Deadly Road Crash Claims Three Lives in Buikwe District

    Deadly Road Crash Claims Three Lives in Buikwe District

    EC announces postponement of Elections for Non-Unionised Workers

    Electoral Commission Announces Revised Nomination Dates for 2025/2026 General Elections

    Uganda to Establish Local Prepaid Water Meter Manufacturing Plant

    Uganda to Establish Local Prepaid Water Meter Manufacturing Plant

    Avoid Small favors During the Political Season -Kabaka Mutebi warns Subjects against ‘Detractors’

    Avoid Small favors During the Political Season -Kabaka Mutebi warns Subjects against ‘Detractors’

    Fatal Accident on Northern Bypass Involving Uganda Cranes Bus

    Fatal Accident on Northern Bypass Involving Uganda Cranes Bus

    KOBOKO: Parish Chief handed Six months Prison Sentence for Stealing PDM money

    KOBOKO: Parish Chief handed Six months Prison Sentence for Stealing PDM money

    Uganda’s Judiciary Pays tribute to Prof. George Wilson Kanyeihamba

    Prof. George Kanyeihamba to Be Buried Next Tuesday, Full Funeral Program Released

    Uganda’s Judiciary Pays tribute to Prof. George Wilson Kanyeihamba

    Uganda’s Judiciary Pays tribute to Prof. George Wilson Kanyeihamba

    Trending Tags

    • Donald Trump
    • Future of News
    • Climate Change
    • Market Stories
    • Election Results
    • Flat Earth
  • Tech
    • All
    • Apps
    • Gear
    • Mobile
    • Startup

    Rap group call out publication for using their image in place of ‘gang’

    Meet the woman who’s making consumer boycotts great again

    New campaign wants you to raise funds for abuse victims by ditching the razor

    Twitter tweaks video again, adding view counts for some users

    A beginner’s guide to the legendary Tim Tam biscuit, now available in America

    India is bringing free Wi-Fi to more than 1,000 villages this year

    Betterment moves beyond robo-advising with human financial planners

    People are handing out badges at Tube stations to tackle loneliness

    Trump’s H-1B Visa Bill spooks India’s IT companies

    Oil spill off India’s southern coast leaves fisherman stranded, marine life impacted

    Trending Tags

    • Flat Earth
    • Sillicon Valley
    • Mr. Robot
    • MotoGP 2017
    • Golden Globes
    • Future of News
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music

    Miss Uganda finalist Sureya Umeimah confidently eying the prize: PICTORIAL

    Sureya Umeimah: the Cadet Pilot contesting for Miss Uganda 2024

    Top Ugandan Artistes in tears after being denied UK Visas to London

    New campaign wants you to raise funds for abuse victims by ditching the razor

    A beginner’s guide to the legendary Tim Tam biscuit, now available in America

    People are handing out badges at Tube stations to tackle loneliness

    Magical fish basically has the power to conjure its own Patronus

    This Filipino guy channels his inner Miss Universe by strutting in six-inch heels and speedos

    Oil spill off India’s southern coast leaves fisherman stranded, marine life impacted

    You can now play Bill Gates’ first PC game and run over donkeys on your iPhone, Apple Watch

  • Lifestyle
    • All
    • Fashion
    • Food
    • Travel
    “Hon Gwangamujje” a Youthful leader Bragging about Chasing Mbwa from Igara West

    “Hon Gwangamujje” a Youthful leader Bragging about Chasing Mbwa from Igara West

    Train Services Between Kampala and Mukono Temporarily Suspended Due to Track Failure

    Train Services Between Kampala and Mukono Temporarily Suspended Due to Track Failure

    Banished from Home, Rejected by Family, Serujja still stands for his Rights

    Banished from Home, Rejected by Family, Serujja still stands for his Rights

    OpED: The Staple that Threatens the Future: Unraveling Uganda’s Environmental Reckoning

    The Shameful face of Self-Serving Philanthropy: Exploiting the Vulnerable for Fame and Fortune

    Mukono’s Ghetto Children Celebrate Christmas early in a Rare ‘Feast of Hope’

    Mukono’s Ghetto Children Celebrate Christmas early in a Rare ‘Feast of Hope’

    The Last Piece of the Jigsaw: Dr. Moses Byaruhanga’s remarkable Career in Pursuing Justice

    Sureya Umeimah: the Cadet Pilot contesting for Miss Uganda 2024

    Rap group call out publication for using their image in place of ‘gang’

    Meet the woman who’s making consumer boycotts great again

    New campaign wants you to raise funds for abuse victims by ditching the razor

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
No Result
View All Result
Sabasaba Updates
No Result
View All Result
Home BUSINESS

Uganda’s Financial System is Stable -BOU Report 2019

by Apollo Tusiime
November 5, 2019
in BUSINESS
1
Uganda’s Financial System is Stable -BOU Report 2019

Specimen of a 10,000 Bank note; The Shilling was stable in 2019; File

491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

BOU’s report for the year ending June 2019 has shown a stable financial system for the country, stable economic growth and moderate risks to the countrys macro-financial environment.

The report released on Tuesday indicates that Uganda’s GDP growth was strong at 6.1 percent, and is projected to stand at 6.0 percent in June 2020 if it is supported by accommodative monetary policy, expansionary fiscal policy and increased public investment in infrastructure.

It also showed that the shilling was stable, interest rates held steadily, and real estate prices were relatively stable throughout the financial year. In his remarks, Bank of Uganda Prof. Emmanuel Mutebile noted that this stability led to sustained reduction in risks to Uganda’s financial system stability throughout the year that ended June 2019.

Banking sector resilience to credit risk shocks also improved as banks built substantial capital and liquidity buffers. That despite sluggish global economic performance the banking sector held sufficient capital buffers and registered resilience to credit risk.

A Financial Stability Report provides an assessment of the global and domestic macro-financial environment while focusing particularly on the performance and condition of the country’s financial system stability.

However, the report shows that there are downside risks to this outlook due to the rising public debt, and prospects of a market downturn which include potential shocks from the external sector in form of export demand which could cause volatility in the domestic foreign exchange market. These point to deepening trade conflict between US and China which could result in lower export demand weighing down on financial flows.

It however notes that going forward, continued robust economic growth and accommodative monetary policy are expected to support financial stability, and boost private sector lending and improvement in asset quality.

The report also noted a continuing trend of the rising role of technology which enabled innovations driven by mobile money payments technology in provision of financial services. Overall, a number of potential benefits for the financial sector were registered; including improved efficiency and financial inclusion. The use of technology enabled greater financial access and use, facilitated trade, and easy transfer of remittances.

The report however warns that as banks benefit from the increased access and use of financial services through access to more retail deposits, funding concentration pressures should ease to enable greater inter-mediation.

Share196Tweet123
Apollo Tusiime

Apollo Tusiime

Multi-media Journalist, PR professional and Thinker.

Sabasaba Updates

Copyright © 2024 Sabasaba Updates.

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
error: Content is protected !!
No Result
View All Result
  • Home
  • News
    • Politics
    • Business
    • World
    • Science
  • Entertainment
    • Gaming
    • Music
    • Movie
    • Sports
  • Tech
    • Apps
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Food
    • Fashion
    • Health
    • Travel

Copyright © 2024 Sabasaba Updates.