Economics

When a mobile money account remains dormant for 15 months, the telecommunications company initiates a process to transfer the money on that account to Bank of Uganda. This action is…

The World Bank announced on Tuesday, August 8, 2023, that it was suspending any new funding of projects in Uganda, and would review the ongoing projects over Uganda’s passage of…

In an effort to tackle the escalating public debt crisis, the government has announced four fiscal consolidation measures aimed at managing and reducing the nation’s debt level. They include; controlling…

President Yoweri Museveni has publicly contradicted his economic experts and advisers in the Ministry of Finance, Planning and Economic Development over the growth of Uganda’s economy. President Museveni, who on…

The state of Uganda’s debt to GDP ratio is worsening due to over borrowing. The debt to GDP ratio is a measure that compares a country’s total debt to its…

Bank of Uganda has confirmed that the provisional total public debt stock at nominal value as at end March 2023 stood at Shs 86,352.6 billion which is approximately 47.7 percent…

The Ministry of Finance, Planning and Economic Development (MoFPED) has released Ugx 5,084.59 billion for quarter four of the financial year 2022/2023. The money which caters for the months April…

The World Bank indicates that the African Continental Free Trade Area (AfCFTA) has been well-designed to strengthen the economies of East Africa. This will be accomplished, among other things, by…

To the dismay of many Ugandans, last week the Kenyan government re-imposed an import ban on Ugandan milk products. Coming so soon after the Dairy Development Authority announced earnings of…