Uganda has ranked the highest growing financial market in East Africa, and maintained the fourth position on the African continent, according to the latest Absa Africa Financial Markets Index (AFMI)…
On February 6, 2024, Bank of Uganda released its Monetary Policy Statement for February 2024. In the document, the bank announced its decision to maintain the Central Bank Rate (CBR)…
The Minister of Tourism Wildlife and Antiquities (MTWA) Hon. Tom Butime has inaugurated members of Board of Directors for Uganda Tourism Board (UTB) at a handover ceremony at Mestil Hotel…
Power costs in the island districts of Kalangala and Buvuma will significantly drop as islands get connected to the national power grid, says power regulator, the Electricity Regulatory Authority (ERA).…
Inflation is the general increase in the prices of goods and services in the country. It is typically measured by an annual percentage change in the price index such as…
The Bretton Woods institutions, namely the International Monetary Fund (IMF) and the World Bank, have historically provided financial assistance to countries in the global south, including Uganda and members of…
In a press briefing on Monday, January 29, 2024, Ramathan Ggoobi, the Permanent Secretary/Secretary to the Treasury, unveiled a robust update on Uganda’s economic performance and the fiscal trajectory for…
Government will soon finalise the strategy to expand Uganda’s GDP ten times from the current $50 billion (FY 2023/24) to US$ 500 billion within a decade, starting FY 2024/2025, driven…
Uganda imports its petroleum with over 90% through Mombasa port in Kenya supplemented by small imports via Dar es Salaam port in Tanzania. However, this is on the verge of…
The Deposit Protection Fund of Uganda (DPF), a government agency that provides deposit insurance to customers of deposit-taking institutions licensed by Bank of Uganda has initiated the process of refunding…