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Inflation projected to drop to 8% next year

Uganda, Dec. 8 -- Bank of Uganda has said inflation is likely to drop to between 6 and 8 percent next year, before stabilising around the 5 percent target by end of 2023. The forecast is 2 percent lo... Read More


Govt used Shs1.4 trillion to pay interest on external debt in 2021 - World Bank

Uganda, Dec. 8 -- Uganda spent $380m (Shs1.4 trillion) on interest payment for its external debt during 2021, according to World Bank. The Shs1.4 trillion, World Bank noted, was an increase of $114m ... Read More


Shared agent banking service providers grow by 53 percent

Uganda, Dec. 7 -- The number of shared agent banking service providers has doubled, according to Bank of Uganda. Speaking during the Financial Stability Symposium, Mr Andrew Kawere, the Bank of Ugand... Read More


BoU maintains policy rate at 10% over slowdown in inflationary pressure

Uganda, Dec. 7 -- The Bank of Uganda has maintained its policy rate (Central Bank Rate) at 10 percent citing a slowdown in the inflationary pressure in the economy. Presenting the monetary policy sta... Read More


Survey reports improved business growth optimism

Uganda, Dec. 7 -- Business executives and purchasing managers have said they are optimistic of an improved business environment boosted by growth in new orders, output and an increase in employment. ... Read More


Banks register increase in write-offs due to bad loans

Uganda, Dec. 2 -- Banks recorded an increase in loan write-offs in the quarter ended September, according to Bank of Uganda. Speaking during the Bank of Uganda Financial Stability Symposium in Kampal... Read More


Uganda ranked among top 10 countries in industrial development

Uganda, Dec. 2 -- Uganda has been ranked among the top 10 performers in industrial development in the Africa Industrialisation Index 2022 by the African Development Bank (AfDB). The ranking indicates... Read More


Yields in government securities continue to rise

Uganda, Dec. 1 -- The increased demand for government securities by both the local and offshore investors and continuous need for money by the government for budget operations has led to a continuous ... Read More


BoU to regulate Saccos with Shs1.5b in savings

Uganda, Dec. 1 -- Bank of Uganda has said it will, with amendments to the Microfinance Deposit-Taking Institutions Bill, 2022, start regulating at least 42 Savings and Credit Cooperative Societies (Sa... Read More


Embrace technology to reduce costs, Atingi-Ego tells Saccos

Uganda, Nov. 25 -- The Bank of Uganda has advised the Savings and Credit Cooperative Organisations (Saccos) to invest more in technology to enable them to begin providing financial services via digita... Read More