Monetary policy committee maintains Central Bank Rate at 9.5%
On February 6, 2024, Bank of Uganda released its Monetary Policy Statement for February 2024. In the document, the bank announced its decision to maintain the Central Bank Rate (CBR)…
On February 6, 2024, Bank of Uganda released its Monetary Policy Statement for February 2024. In the document, the bank announced its decision to maintain the Central Bank Rate (CBR)…
Inflation is the general increase in the prices of goods and services in the country. It is typically measured by an annual percentage change in the price index such as…
Bank of Uganda (BOU) revoked Friday the license of EFC Uganda Limited and placed the Microfinance institution under liquidation therefore issuing an order for them to close up shop. Under…
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 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.…
Two private businesses, Biyinzika Enterprises and Dei Group of Companies, have recently had their assets advertised in the newspapers destined for public auctions. This happens when borrowers have defaulted on…
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 expansion of the economy.
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…