Uganda’s economic reconstruction and recovery efforts over the last three decades have yielded impressive structural shifts. In the 1980s, agriculture was the mainstay of over 50% of the population and …
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Treasury Bills and Bonds, also known as Government securities, are debt instruments issued by the Government through the Bank of Uganda when borrowing from the public. There are different types …
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Banking & SavingsFinanceLatest News
Implications of Centenary bank’s acquisition of a Malawian bank
On October 18, 2022, Catholic church-owned Centenary Rural Development Group, the holding group of Centenary Bank and the Catholic Archdiocese of Lilongwe acquired 100% shareholding in MyBucks Banking Corporation, Malawi. …
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Financial Literacy became a major public policy concern in advanced, developing and low-income economies in the aftermath of the global financial crisis. Limited knowledge of Financial Literacy was identified as …
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Banking & SavingsFinanceLatest News
How UDB is contributing to the country’s socio-economic development
The National Development Plans (NDPs) identify priority sectors and key public and private implementation partners that should drive the achievement of the country’s strategic goal of attaining middle-income status by …
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Uganda’s retirement savings organisation, the National Social Security Fund (NSSF) has declared an interest rate of 9.65% for its members for the year ended June 30, 2022. This year’s interest …
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Banking & SavingsFinanceLatest News
Money laundering looking at the mandate of FIA; key achievements
The Financial Intelligence Authority (FIA) is Uganda’s national centre for the receipt of financial data, analysis and dissemination of financial intelligence to competent authorities. FIA was established by the Anti-Money …
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Banking & SavingsFinanceLatest News
Understanding the credit system in Uganda; barriers and opportunities
In 2015, Uganda was named the country with the highest number of entrepreneurs per capita globally. With most of these being small enterprises, access to affordable financing impedes business growth. …
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Banking & SavingsEconomicsFinanceLatest News
The implication of a high Central Bank Rate to the economy
Bank of Uganda (BoU) increased the Central Bank Rate (CBR) by 50 points to 9 per cent from 6.5 per cent in May according to the monetary policy statement for …
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Uganda’s central bank and financial sector regulator, the Bank of Uganda (BoU) has increased its lending strategy rate by 50 points to nine per cent (9%) for the third consecutive …