Dr Michael Atingi-Ego The Bank of Uganda has expressed fear over the rising borrowing by the government from the local banking industry, saying it could team up with other factors to affect the growth of the economy. As of the end of June 2023, the government owes local lenders 33
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Michael Atingi-Ego, the Deputy Governor at the Bank of Uganda The Bank of Uganda (BoU) has kept the Central Bank Rate (CBR), a benchmark lending rate for commercial banks, unchanged at 9.5%. This is after both headline and core inflation rose in January 2024 to 2.8% and 2.4%, from 2.6%
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URA team enforcing compliance with the Digital Tracking System (DTS) and the Electronic Fiscal Receipting and Invoicing Solution (EFRIS) in the Kampala Central Business District (CBD). Uganda Revenue Authority (URA) has collected Shs6.8 billion shillings within one week of enforcing compliance with the Digital Tracking System (DTS) and the Electronic Fiscal Receipting
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Page one of the closure notice Education authorities in Luwero District have stormed Luwero School of clinical officers and effected the closure of the institution. The authorities led by the Luwero District Inspector of Schools, Yusuf Kamulegeya, on Monday delivered a notice of closure dated 5th February 2024 to the administrators of the institution.
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The winners of the dfcu Rising Woman Competition being flagged off for a study tour in Nairobi Joined by its partners from Daily Monitor, Uganda Investment Authority and Uganda Airlines, dfcu Bank flagged off 10 women entrepreneurs who emerged winners in the 6th season of the dfcu Rising Woman Competition to
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The car in which the four were shot dead The Territorial police in Mt. Moroto region and Amudat CPS, are investigating a tragic incident where four occupants in Motor vehicle Toyota Harrier, grey in colour, registration number UBP 601Q, were shot dead, by unknown person, along Amudat – Katabok road,
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President William Ruto inspecting the affordable housing project in Homa Bay Town. PHOTO | PCS High-income earners will benefit more from the government’s affordable housing programme, defeating its primary aim of benefitting lower earners more, the Parliamentary Budget Office (PBO) has warned. The PBO cautions that under the current law
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Musinguzi (L) gives a gift to Sierra Leone Revenue boss John R. Musinguzi, the Commissioner General of the Uganda Revenue Authority (URA) has urged African countries to work together to emancipate themselves from the effects of slavery and colonialism that have kept them behind. Musinguzi says African countries face similar challenges, highlighting the
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The Uganda Shilling continues to trade under pressure from the US dollar as demand for the US currency rises above the supply, according to experts. On Monday, the local currency opened trading at Shillings 3,815.63 buying and 3,825.63 selling according to the official rates issued by the Bank of Uganda,
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The Joint Program for Data and Statistics (JPDS) unveiled by the Uganda Bureau of Statistics -UBOS, UN Agencies is poised to revolutionize Uganda's data and statistical processes to eliminate silos in data collection. Uganda's data and statistical value chain face numerous challenges at all levels, ranging from collection and production
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