On Tuesday, February 27, 2024, the Parliament of Uganda withdrew 36 out of 39 Bills intended to effect the rationalization and merger of agencies. This decision came after opposition from…
The value of the Uganda shilling relative to the U.S. dollar continues to decline. In the Thursday trading session, the shilling again closed at a low point, with rates of…
Investors’ confidence increased following Uganda’s removal from the grey list of the Financial Action Task Force (FATF), a global body responsible for combatting financial crimes and terrorism financing. Finance Minister…
In the financial year 2022/2023, Uganda’s economy grew to UShs184.89 trillion (US$ 49.5 billion), a notable increase from the previous year’s figure of Shs162,750 billion (US$ 45.6 billion) recorded in the financial year 2021/22. This growth represents a real-term expansion of 5.2 percent, surpassing the 4.6 percent growth recorded in the preceding financial year.
Every time the Uganda shilling approaches a round figure exchange rate threshold against the United States dollar, tongues begin wagging. Currently, the shilling is flirting with the UGX4000 mark and…
Standard Chartered Bank Uganda unveiled its latest offering, International Banking (IB), during a milestone event this week. This launch marks a significant move for the bank as it extends its…
Gloria Kyarisiima was one of the winners of the 6th season of dfcu Bank’s Rising Woman Initiative. She is the founder of GBK Super Cleaning & General Services Ltd, a…
In the escalating battle against cybercrime, the financial toll is becoming alarmingly clear. In 2023 alone, a staggering shs1.5 billion was siphoned away in a series of devastating cyber-attacks, the…
Prof. Sachs is a world-renowned Professor of economics and a global leader in sustainable development, currently serving as the Director of the Center for Sustainable Development at Columbia University.
The Ministry of Finance Planning and Economic Development has revised the budget estimates for the financial year 2024/25 upwards from 52.7 trillion shillings to 53.3 trillion shillings.