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

Expensive loans, reducing reserves weakening Uganda's growth outlook, says Moody's

Uganda, Nov. 25 -- A combination of expensive loans, rising debt repayment and decline in foreign reserves, among other risks have influenced Moody's to downgrade Uganda's outlook from stable to negat... Read More

Demand for credit remains stable, says Finance ministry

Uganda, Nov. 22 -- The value of approved credit has remained stable despite an increase in interest rates, according to the Ministry of Finance October Performance of the Economy report. The report r... Read More

60% Ugandans search jobs through connections - report

Uganda, Nov. 18 -- At least 60 per cent of Uganda's 23 million people in the working age population search for jobs through their friends and relatives, the 2021 National Labour Force Survey (NLFS) by... Read More

41% of youth out of school not employed, says Ubos

Uganda, Nov. 18 -- At least 41 percent of youth, which represents 9.3 million aged between 18 and 30 years are not engaged in any productive activity, according to findings contained in the Uganda Nat... Read More

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