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ASSESSMENT OF ECONOMIC PERFORMANCE AND OUTLOOK Economic Performance Inflation and Interest Rates Burundi—28.9% DR Congo—26.7% Rwanda—17.3% Kenya—6.7% South Sudan—5.6% Tanzania—3.3% (the lowest in the region). Private Sector Credit Growth External …

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 …

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, …

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 …

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 …

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) …

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 …

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, …

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 …