It can be unsettling to open a daily newspaper and come across adverts announcing the imminent sale of loan defaulters’ assets, more so if it is somebody that you know. …
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Banking & SavingsFinanceLatest NewsNews
How Bank of Uganda’s 10% Lending Rate Cut Will Affect Inflation, Currency & Growth
The Bank of Uganda, on Wednesday last week announced that its Monetary Policy Committee (MPC) reduced the Central Bank Rate (CBR) by 25 basis points to 10%. This is the …
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By Hellenah Niwasiima According to the highlights from the latest State of the Economy Report, Uganda stands out with a story of resilience and strategic foresight amidst its economic uncertainties. …
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Uganda’s economy has fully recovered from various shocks, crises, and “false alarms” that brought it to its knees, the Finance Ministry has announced. “You recall that when Covid-19 happened, leaders …
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Every time the Uganda shilling approaches a round figure exchange rate threshold against the United States dollar, tongues begin wagging. Currently, the shilling is flirting with the UGX4000 mark and …
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The internet age, has given rise to financial technology (fintech), creating an ever growing list of fintech firms with catchy and imaginative company names offering a wide range of financial …
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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) …
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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 …
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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, …