The Bank of Uganda (BoU) on Thursday maintained the Central Bank Rate (CBR) at 10%, noting that it’s accommodative and will support economic growth. The CBR is a benchmark lending rate for commercial banks. BoU has maintained the CBR at 10% for several months. Issuing the Monetary Policy Statement for
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Leading Pan African entrepreneurship and innovation non-profit, the Africa Women Innovation and Entrepreneurship Forum (AWIEF) has announced the top finalists in its annual awards to celebrate women leaders and entrepreneurs in Africa. Promoting excellence in entrepreneurship and innovation amongst women-owned businesses in all sectors and across all 54 African countries,
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The Uganda National Oil Company (UNOC) has unveiled Proscovia Nabbanja (in featured photo) as the Acting Chief Executive Officer (CEO), replacing Dr. Josephine Wapakabulo, who quit the job for greener pastures. Wapakabulo will officially leave office tomorrow August 13, 2019, leaving Nabbanja to take full charge of the national oil
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The Uganda Shilling remained largely stable over the quarter ended May 2019 despite some volatility recorded in April 2019. However, according to the State of the Economy Report released by Bank of Uganda (BoU) in July 2019, outlook indicates that the local unit is likely to get weaker. On quarterly
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There are worries that Uganda’s public debt could hit past the 50% threshold. According to the State of the Economy Report released by Bank of Uganda (BoU) in July 2019, the total public debt is projected to rise from 42.2 percent to 45.7 percent of GDP in nominal terms in
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The High Court in Kampala has given green light for the auditing of struggling Uganda Telecom Ltd. The case was filed by Uganda Broadcasting Corporation against the official Receiver/Administration, UTL. Giving his ruling in the presence of Christine Mpumwire, Counsel for the Applicant and Nuhu Wadembere, Counsel for the respondent,
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The Cooper Motor Corporation (CMC), the exclusive distributor for Ford in Uganda, has launched the new Ford EcoSport compact Sports Utility Vehicle (SUV). The car was unveiled at CMC head offices in Kampala on Wednesday. CMC says the Ford EcoSport offers customers more style, compatibility and choice-blending rugged SUV functionality
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Law Development Center (LDC) pre-entry exams for this academic year hang in balance after Minister of Justice and Constitutional Affairs, Kahinda Otafiire admitted that Government has no single penny to organize them. The Minister made the revelation yesterday while appearing before the Legal and Parliamentary Affairs Committee to introduce the
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Commercial banks’ lending interest rates declined marginally to 20.2 percent in the quarter to April 2019 compared to 20.7 percent recorded in the quarter to January 2019, the State of the Economy Report June 2019 released by Bank of Uganda (BoU) says. This report presents domestic and external economic developments
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Concerned government institutions have come together to enforce legal obligations and standards in the film industry, giving those involved two months to clean up their act or face the music. At a joint sensitization workshop held at Uganda Communications Commission (UCC) offices on 01 August 2019, the Media Council, Uganda
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