Bank of Uganda, Central Bank of Sudan Forge Close Ties
Bank of Uganda (BoU) and the Central Bank of Sudan have agreed to explore all avenues to consolidate and expand trade and investment between Uganda and Sudan.This was during a meeting between Bank of Uganda Deputy Governor, Dr. Louis Kasekende, and the Governor of the Central Bank of Sudan, Mr. Hazim Abdelgadir, at the BoU offices in Kampala.
Governor Hazim Abdelgair who is part of H.E. President Omar Al Bashir’s delegation to Uganda also interacted with senior officials of the Bank of Uganda.
The two principals agreed to charter a formal arrangement through a memorandum of understanding to guide the two Central banks in the various areas of cooperation such as payments systems and correspondent banking; capacity building; and other avenues of facilitation of trade and investment between the two countries.