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…
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.…
By Apollo Munghinda The Planning and Budgeting process for each financial year is done in accordance with Article 155 (1) of the Constitution of the Republic of Uganda and Section…
The Parliamentary Committee on National Economy will scrutinise government proposals to borrow funds to upgrade roads and finance the Climate Smart Agricultural Transformation Project. The requests were tabled before Parliament…
Finance Minister, Matia Kasaija, has declared a 10% interest rate for the National Social Security Fund (NSSF) savers for the Financial year 2022/2023. The NSSF savers’ interest rate for the…
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…
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…
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.
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…
Uganda’s trade imbalance with the rest of the world has narrowed by 32.2% both on a monthly and annual basis, the Ministry of Finance has reported. The Ministry’s monthly economic…