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BankingNews

BoU Maintains Key Lending Rate At 7%, Says ‘Economy Recovering & Stronger Than Expected’

BoU Governor Prof.Emmanuel Tumusiime-Mutebile Bank of Uganda’s Monetary Policy Committee (MPC) held on 14th April 2021 maintained the Central Bank Rate (CBR), a benchmark lending rate for commercial banks at 7%. BoU Governor Prof.Emmanuel Tumusiime-Mutebile said the “the economic recovery is proceeding and is stronger than expected at its last meeting

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UNRA Blames Poor State Of Roads To Underfunding

UNRA boss, Allen Kagina The Uganda National Roads Authority (UNRA) has blamed the  poor state of roads being experienced across the country to underfunding of  the Authority’s maintenance  unit . The revelation was made by Allen Kagina, the UNRA Executive Director while appearing before the Parliament’s Physical Infrastructure Committee  chaired Nakifuma county mp Eng.Robert

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