Alex Lwanja, the Deputy Director in charge of the Agricultural Credit Facility and Small Business Recovery Fund at the BoU, reports that over UGX. 150 billion is idle due to the low uptake of the facility from the targeted population. Lwanja said that although they have disbursed UGX. 751 billion to farmers across the country, and very few farmers from Teso are seeking or taking up the money
Daily Monitor
Monday January 18 2021
Summary
Mutebile, 71, has been at the helm of Bank of Uganda since 2001. The new term makes him one of the longest servicing governors of the Central Bank.
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President Museveni has extended Mr Emmanuel Mutebile’s contract as Bank of Uganda governor for another five years.
Mr Mutebile’s contract is said to have been extended on the eve of Election Day last Wednesday.
Sources within Bank of Uganda, who preferred anonymity because they are not allowed to comment on the matter on behalf of BoU, told
Daily Monitor the contract had been renewed on Wednesday but details were not communicated because of Internet shutdown in Uganda.