UNRA’s Debt Hits Shs629 Billion
The Uganda National Roads Authority (UNRA) is operating with a debt of 629.1 billion shillings as a result of an unreleased portion of funds for the 2021/22 and 2022/23 financial…
The Uganda National Roads Authority (UNRA) is operating with a debt of 629.1 billion shillings as a result of an unreleased portion of funds for the 2021/22 and 2022/23 financial…
ASSESSMENT OF ECONOMIC PERFORMANCE AND OUTLOOK Economic Performance Inflation and Interest Rates Burundi—28.9% DR Congo—26.7% Rwanda—17.3% Kenya—6.7% South Sudan—5.6% Tanzania—3.3% (the lowest in the region). Private Sector Credit Growth External…
Of late, the Indians are feeling ‘highly’. While China’s economy has been slowing down, India’s GDP growth rate between April and June was a speedy 7.8%. The ultimate goal, says…
The East African Community (EAC) was established in November 30, 1999 by three countries; Uganda, Kenya, and Tanzania. The bloc has since enlarged to seven member countries, admitting Rwanda, Burundi,…
At 6% annual increment in milk production, investments in milk and milk products processing for local, region and international market is very critical. Currently, 80.2% of the total milk produced is marketed, 34% of the marketed milk is processed; while 66% is sold raw.
The overall goal of the budget for FY 2023/24 is to redirect more resources towards wealth creation by facilitating more Ugandans to join the money economy and accelerate the rapid expansion of the economy.
On Friday 08th September 2023 the Bank of Uganda issued the first-ever Islamic Banking License to Salaam Bank Limited. This follows President Yoweri Museveni’s signing of the Financial Institutions (Amendment)…
The closure of Teefe Bank, Greenland Bank, and Crane Bank had a significant impact on the Ugandan banking sector. They led to a loss of confidence in the banking sector…
Just a month after President Yoweri Museveni assented to the Financial Institutions (Amendment) Act 2023 to clear all the legal roadblocks to the commencement of Islamic banking products in Uganda,…
As Uganda aims to position itself at the forefront of the global giants in electric vehicle industry and realize a vision of e-mobility through Kiira Motors Corporation, President Yoweri Museveni…