Economics

At the headquarters of the African Development Bank (AfDB) in Abidjan recently, there were broad smiles, (and nothing to do with Afcon), at the revelation that Africa will account for …

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) …

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 …

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 …

Despite the restrictive credit, monetary and fiscal conditions from both the domestic and external economic environments, which have constrained aggregate demand, the economy remains resilient, says Bank of Uganda. The …

A cyber-attack is a malicious act perpetrated in the digital realm, targeting computer systems, networks, or data for various purposes. These attacks range from theft of sensitive information, disruption of …

The United Arab Emirates (UAE) investors are poised to significantly increase their investments in Uganda’s diverse economic sectors, spanning ICT, tourism, agriculture, healthcare and industrial development among others. The investors …

The Parliamentary Committee on National Economy will scrutinise government proposals to borrow funds to upgrade roads and finance the Climate Smart Agricultural Transformation Project. The requests were tabled before Parliament …

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, …