Better to Borrow What You Can Afford Rather Than What You Want
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. …
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. …
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…
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.…
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…
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…
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…
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…
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,…