Of late, the Indians are feeling ‘highly’. While China’s economy has been slowing down, India’s GDP growth rate between April and June was a speedy 7.8%. The ultimate goal, says …
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The East African Community (EAC) was established in November 30, 1999 by three countries; Uganda, Kenya, and Tanzania. The bloc has since enlarged to seven member countries, admitting Rwanda, Burundi, …
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At 6% annual increment in milk production, investments in milk and milk products processing for local, region and international market is very critical. Currently, 80.2% of the total milk produced …
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Latest NewsOpinions
Private Sector and Livelihoods Transformation Opportunities in The Budget for FY 2023/24
The overall goal of the budget for FY 2023/24 is to redirect more resources towards wealth creation by facilitating more Ugandans to join the money economy and accelerate the rapid …
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On Friday 08th September 2023 the Bank of Uganda issued the first-ever Islamic Banking License to Salaam Bank Limited. This follows President Yoweri Museveni’s signing of the Financial Institutions (Amendment) …
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Banking & SavingsFinanceLatest NewsNews
How Safe Is Your Money If Your Bank Or Telecom Company Closed?
The closure of Teefe Bank, Greenland Bank, and Crane Bank had a significant impact on the Ugandan banking sector. They led to a loss of confidence in the banking sector …
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Banking & SavingsEconomicsFinanceLatest NewsNews
Bank of Uganda Issues First Islamic Banking License
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, …
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EnergyGlobal NewsLatest NewsManufacturingMineralsNews
Museveni Bans Exportation of Lithium to Boost Electric Car Manufacturing
As Uganda aims to position itself at the forefront of the global giants in electric vehicle industry and realize a vision of e-mobility through Kiira Motors Corporation, President Yoweri Museveni …
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Global NewsLatest NewsNewsTechnologyTelecoms
Uganda’s Internet Traffic Spikes to 138.5 Million GBs.
The use of internet in Uganda soared from 91.4 million gigabytes (GBs) in March 2022 to 138.5 million GBs in March 2023, making a remarkable 51% surge, according to the …
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By Presidential CEO Forum The 8th issue of the Uganda State of the Economy offers insights into key economic indicators such as inflation, exchange rates, interest rates, domestic credit, trade …