Bank of Uganda closes Mercantile Credit Bank
In exercise of its powers under Sections 99 and 17 (b) & (f) of the Financial Institutions Act, 2004, as amended, the Bank of Uganda has effective today, June 18,…
In exercise of its powers under Sections 99 and 17 (b) & (f) of the Financial Institutions Act, 2004, as amended, the Bank of Uganda has effective today, June 18,…
The State Minister for Kampala and Metropolitan Affairs, Kabuye Kyofatogabye, has commended Stanbic Bank for its unwavering commitment to addressing community challenges such as menstrual poverty in the Kampala metropolitan…
After four years of grappling with the economic shocks caused by COVID-19 pandemic and other crises, Uganda’s economy is on path to recovery. The pandemic severely disrupted key sectors such…
The World Bank’s latest Global Economic Prospects report has revealed that the global economy is projected to stabilize in 2024 for the first time in three years, though this stability…
Uganda’s annual inflation as measured by the Consumer Price Index (CPI) for the 12 months to May 2024 increased to 3.6 percent compared to 3.2 percent registered in the year…
The high cost of borrowing significantly affects many Ugandan businesses, presenting substantial challenges to their operations and growth. High interest rates increase the expense of securing capital, complicating efforts to…
Finance Minister, Matia Kasaija on Thursday read to the country the unprecedented 72.1 trillion shillings budget for the 2024/25 financial year. This is the biggest budget in Uganda’s history. Kasaija…
The Chairperson of the Uganda Manufacturers Association (UMA), Deo Kayemba, held deliberations on challenges facing industrial growth and expansion within the East African Community (EAC) during a courtesy visit by…
In today’s world, being financially independent is crucial. You should aim to grow your wealth every day and wake up with a clear purpose. As Sami Inkinen, Co-founder of Virta…
On a chilly Sunday morning, despite the drizzles, corporate participants gathered for the fourth outing of the Corporate Games on Sunday, June 9th, 2024. Determined and undeterred, corporates from various…