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Analysis & OpinionsBanking

Banks Lending Rates Have Reduced To 16.3% But Credit To Private Sector Remains Subdued- BoU

 The banks’ weighted average lending rate has maintained a downward trajectory since February 2021 in line with the reduction in Central Bank Rate (CBR), Bank of Uganda (BoU) has revealed in its State of the Economy Report dated September 2021. “The average lending rate on shillings loans stands at 16.3 percent in

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Analysis & OpinionsNews

Uganda’s Public Debt Increases By 22.8% To Shs71.6 Trillion

BoU Governor, Prof. Emmanuel Tumusiime-Mutebile Uganda’s debt exposure increased over the year due to significant spending pressures and related loan disbursements to counter the adverse effects of the pandemic, Bank of Uganda (BoU) has revealed in its State of the Economy Report dated September 2021. “The provisional total public debt stock stood

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NewsTourism & Travel

MPs Grill UTB Officials For Spending Half Of Dubai Expo Budget On Travel & Per Diem

MPs on Parliament's Tourism, Trade and Industries Committee today quizzed officials from Uganda Tourism Board (UTB) after discovering that half of the Shs360M budget was spent on travel and per diem of the officials at the Dubai expo. Lilly Ajarova, Chief Executive Officer at UTB informed Parliament that although the Board requested for Shs3.4bn

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NewsSuccess Story

Meet Captain Kennedy Udeze, The Jovial, Focused & Experienced Uganda Airlines Pilot

Captain Kennedy Udeze (pictured) is a pilot with Uganda Airlines, the country’s national carrier. A graduate from the CAE/Oxford Aviation Academy in Copenhagen , Denmark, and the South African Flight Training Academy in Heidelberg South Africa, Captain Kennedy brings to the table a strong work ethic and positive attitude. He is keen

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