On June 4, 2024, the Bank of Uganda’s Monetary Policy Committee (MPC) maintained the Central Bank Rate at 10.25%. Despite a rise in headline inflation to 3.6% in May, driven …
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Banking & SavingsIndustry & TradeLatest News
Why Ugandans are Embracing SACCOs: Best Practices and Pitfalls to Avoid
Savings and Credit Cooperative Organizations (SACCOs) are rapidly gaining popularity across various Ugandan communities. In almost all communities you visit today, there is an operational SACCO, whether at the church, …
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EnergyIndustry & TradeLatest News
Energy investment, Uganda’s preparedness to modern, sustainable renewable sources of energy, the future and opportunities ahead
Renewable energy refers to energy sources that are naturally replenished on a human timescale and are derived from natural processes. Unlike fossil fuels, which are finite and can be depleted, …
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Last year, in April, the Anti-Counterfeit Authority of Kenya (ACA) and Uganda’s Anti-Counterfeit Network (ACN Africa) teamed up to combat counterfeits in the East African region. They signed a Memorandum …
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FeaturesIndustry & TradeLatest NewsNational News
NDPIV to provide 885,000 jobs annually over the 5 year implementation period
The Minister of State for Planning, Hon. Amos Lugoloobi, has revealed that on 26 March 2024, the Cabinet approved the Strategic Direction for the fourth National Development Plan (NDPIV) that …
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Business forums are platforms that bring together entrepreneurs, investors, policymakers and industry experts to discuss trade and investment opportunities, share knowledge and build relationships. These forums provide a conducive environment …
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Banking & SavingsFeaturesIndustry & TradeLatest News
Driving Growth Through Enhanced Customer Relations: dfcu Bank Initiates Comprehensive Customer Engagement Program.
On the official commemoration of it’s 60th year oof existence and operation in Uganda, dfcu Bank’s Chief Executive Officer, Charles Mudiwa, noted that the Bank’s success over the last decades …
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Uganda grapples with high levels of unemployment and slow economic growth. This was exacerbated by the outbreak of the COVID-19 pandemic which caused massive job layoffs across all sectors and …
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Banking & SavingsIndustry & TradeLatest News
Stanbic Bank Wins URA’s Best Client Service Bank 2024 Award
Stanbic Bank Uganda has won the award for Best Client Service Bank 2024 during a high-profile gala event recently hosted by the Uganda Revenue Authority (URA) in Kampala. The country’s …
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FeaturesIndustry & TradeLatest NewsTourism
Uganda Breweries announces UGX100 million sponsorship for the 8th Pearl of Africa Tourism Expo
Uganda Breweries Limited on May 16, 2024, announced a partnership with the Uganda Tourism Board (UTB). Through this partnership, a UGX100 million sponsorship has been committed towards the 8th edition …