Finance

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 …

According to Bank of Uganda, in the first half of this year, (January to June, 2023), both demand for credit and supply, either remained stagnant or declined. Interest rates slightly …

The US dollar is the world’s most widely used currency. It is also the primary currency used in international trade, playing a crucial role in the world economy. The value …

The Government has commenced the budget approval process for the financial year 2024/2025 by tabling before Parliament the budget estimates of the National Budget Framework Paper amounting to Shs52.7 trillion. …

Parliament on Wednesday approved government requests to borrow three different loans totalling more than Shs5.2 trillion. The loans include; Shs3.5 trillion from local commercial banks to finance the supplementary budget …

The Private Sector Foundation Uganda (PSFU) has presented key strategic focus areas on supporting Uganda’s Business Environment and Private Sector Competitiveness to H.E. GEN. (Rtd.) Yoweri Kaguta Museveni, the President …

During October 2023, there was a general depreciation of all currencies within the East African Community (EAC) Partner States, against the US dollar. The Rwandan Francs and Kenyan Shilling had …

The Government projected to collect domestic revenue worth Shs2,137.35 billion in October 2023 of which Shs1,974.96 billion would be tax revenue while Shs162.39 billion would be non-tax revenue. However, a …

Uganda is progressing towards being delisted from the roster of nations characterized by inadequate legislation and significant strategic shortcomings in combating money laundering and terrorism financing. Optimism surrounds the prospect …