Courts to Close Business for Two Days

The Deputy Governor Bank of Uganda, sickness Dr. Louis Kasekende has expressed the need for more dissemination of financial literacy information to transform livelihoods.

He encouraged Ugandans to invest more in government Treasury bonds and to exploit opportunities presented therein.

The Deputy Governor made the call during the Annual Financial Literacy Workshop at Imperial Royale Hotel.

“There are many savings in investment groups but these need to be graduated into formal establishments by supporting them to transform into formal accounts, ” said Kasekende.

He mentioned that the boom in money lenders’ business presents an opportunity for Bank of Uganda to ease access to financial literacy by leveraging on this clientele.

“Money lenders are lending at a rate of 10 percent per month yet at such high rates they still thrive in business. If people were exposed they would be instead relying on banks for financial services, ” he said.

Currently, an estimated 19.8 million Ugandans are registered on Mobile Money accounts in comparison of only 5 million Ugandans with bank accounts.

Kasekende said that Bank of Uganda will engage in more training for trainers on finance related information as well as more quality assurance.


Among the milestones registered by Bank of Uganda in this regard includes trainings of SACCOs, coffee farmers, youth, the church as well as farmer cooperatives.

Financial literacy has also been incorporated into the secondary school curriculum.

Mr. Dustan Kisuule from Y-Save said that most Ugandans are faced with a poor saving culture which he attributed to spending beyond their income.

He mentioned that Uganda has vast investment opportunities and advised that those seeking to exploit the opportunities to diversify and on save consistently.
Courts throughout the country will be closed to the public for two days as the judiciary administration takes stock of all pending cases.

Justice Henry Peter Adonyo, drugs the head of the taskforce says that the two day National Case Census taking place tomorrow December 10 and 11th seeks to establish the number of pending and backlogged cases in the court system to enable the judiciary take remedial action on them.

Addressing journalists at the Commercial Court Building in Kampala, Justice Adonyo said the exercise targeting 420 courts from Supreme Court to the lowest court at Grade Two except the Industrial Court and the General Court Martial.

He said the judiciary has earmarked Shs100 million for the case census slated to consider all pending cases files before courts as of close of business on December 9 this year to enable the judiciary to plan how to distribute its resources for efficient delivery of justice in the country.

Justice Adonyo who estimated pending cases at 200,000 said the exercise would help the judiciary to establish the exact number of cases to help in the proper planning in the upcoming strategic plan four.

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