When the history of the Bank of Uganda is discussed, the name Joseph Mubiru, the institution’s first Governor, is rightly celebrated. However, one figure whose contribution is often overlooked is Ian D. Lewis, the Bank’s first Deputy Governor-designate, whose leadership laid much of the foundation upon which Uganda’s central bank was built. Before his secondment…
On 15 August 1966, a warm and dry day, the Bank of Uganda—the country’s long-awaited central bank—officially opened its doors and issued Uganda’s national currency, initially in the form of banknotes. By all accounts, it was an auspicious occasion. The event also marked the laying of the foundation stone for the Bank’s headquarters at Plot…
Uganda’s banking industry is older than the Bank of Uganda itself. Commercial banking operations in Uganda began in 1906 when the National and Grindlays Bank of Calcutta, India, opened a branch in Entebbe and later Kampala Road currently housed by Bank of Uganda Over the next six decades, several foreign-owned banks established operations in Uganda….
