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Ugandans now borrowing more from mobile money, Saccos

Uganda, April 17 -- Mobile money and Savings and Credit Cooperative Organisations (Saccos) form the largest sources of formal borrowing for adult Ugandans, according to a survey by Financial Sector De... Read More


Ugandans now borrowing more from money mobile, Saccos

Uganda, April 17 -- Mobile money and Savings and Credit Cooperative Organisations (Saccos) form the largest sources of formal borrowing for adult Ugandans, according to a survey by Financial Sector De... Read More


70% of Ugandans spend more than they earn

Uganda, April 15 -- Seven out of every 10 Ugandans spend more than they earn, according to a survey by Financial Sector Deepening Uganda. The survey, codenamed FinScope Uganda 2023 and funded by Bank... Read More


Govt shortfall in revenue may require tax hikes, more borrowing - BoU

Uganda, April 10 -- Bank of Uganda (BoU) has warned that the private sector could be crowded out from the domestic credit market as government continues to register lower than planned tax revenues. T... Read More


Three banksdowngradeto credit institutions

Uganda, March 27 -- The Bank of Uganda has approved an application by three Commercial Banks to downgrade their operations to Credit Institutions. The three commercial banks according to BoU are; ABC... Read More


Govt nolonger guaranteeing loans for private entities, says Finance Ministry

Uganda, Feb. 28 -- This is one of the measures under the Public Debt and Other Financial Liabilities Management Framework 2023/28 that seek to mitigate the challenges of the rising debt stock The Min... Read More


Labour export earned govt Shs25b in two years

Uganda, Feb. 12 -- Government earned Shs25b from exportation of migrant workers in the two years to 2023, Ministry of Gender data indicates. The money was largely earned from expression of interest f... Read More