As inflation rates surge and the value of the Ugandan shilling declines, the Bank of Uganda has taken decisive action by raising the Central Bank Rate (CBR) from 9.5% to …
-
Banking & SavingsFinanceLatest NewsNews
Private Sector Output Continues Growth for Nineteenth Consecutive Month
The private sector has sustained its upward trajectory for the nineteenth consecutive month, as reported by the Stanbic Purchasing Managers’ Index (PMI). Despite a slight dip in activity recorded in …
-
Banking & SavingsLatest NewsNewsRegional News
Standard Bank Group Appoints Anne Juuko to Lead Global Markets in East Africa
The Standard Bank Group has announced the appointment of Anne Juuko, the Chief Executive of Stanbic Bank Uganda, to a new leadership role as Global Markets Regional Head-East Africa, effective …
-
To understand the legal framework surrounding mergers, acquisitions, or joint ventures, it is essential to familiarize yourself with the Competition Act of 2023 to avoid potential legal issues. The Competition …
-
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 …
-
EconomicsFinanceLatest NewsNews
What keeps Ugandan entrepreneurs & business leaders optimistic despite the slowdown in economic growth?
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 …
-
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 …
-
Banking & SavingsEventsLatest NewsNews
Standard Chartered Bank Uganda Launches International Banking
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 …
-
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.