The Uganda Shilling continued on its losing streak against the dollar undermined by the surging dollar demand amidst low forex flows during the week ending 14th June 2018. Bank of Uganda intervention in the previous week provided a short period of relief. Trading closed the week at 3,844.04/3,854.04. In the interbank money
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Uganda’s public debt has hit USD10.53 billion (Shs40.4 trillion) as at March 2018. External debt comprise USD7.18 billion (Shs27.58 trillion), while domestic debt stands at USD3.35 billion (Shs12.8 trillion). This was revealed by the country's finance minister, Matia Kasaija on Thursday while presenting the Shs32.7 trillion 2018/19 budget at Kampala
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Kwese iflix, the joint venture of Econet Media and iflix, an entertainment service for emerging markets Tuesday announced the launch of its premier digital entertainment platform in Uganda with industry leader MTN. The all new Kwese iflix service offers users the ultimate entertainment, featuring Kwese’s extraordinary content offering including the
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Ecobank Uganda has donated to the fasting Muslim community, proving why it is a Pan-African bank. The bank has recently been donating food stuffs to the needy and unprivileged Muslims in the Mosques of Ggaba, Old Kampala and Wandegeya. Primrose Kobusingye, the Head of Marketing & Communications at Ecobank Uganda,
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The Bank of Uganda (BoU) Tuesday revealed that the economy is expected to grow by 6.0% in Financial Year 2018/19, up from the projected 5.8% in 2017/18. A year earlier the economy expanded by 3.9%. Releasing the Monetary Policy Statement for June 2018, Prof. Emmanuel Mutebile, the Governor, BoU said
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Bank of India (BOI) Uganda is one of the most profitable banks especially among the new ones. Although it has less than 1% industry market share, BOI has been posting profits since it rejoined the Ugandan market in 2012. It was the 14th most profitable bank in 2017 out of
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The Uganda shilling continued to post significant losses undermined by strong demand from commercial banks, manufacturing and energy sector during the week ending 8th June 2018. With very weak inflows, the trend was likely to throw the market into a panic as the Central Bank continued to remain on the fence. Trading
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Increasing consumption of meat and meat products among households has created more demand for standards and quality products in the meat value chain. Speaking at the National Stakeholders Meeting for players in the meat value chain, as part of the celebrations to mark the World Food Safety Day, the Uganda
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President Yoweri Kaguta Museveni on June6, 2018 delivered the State of the Nation Address for 2018 at the Uganda International Conference Centre, Serena, Kampala. He touched on a number of issues including security and the economy. He questioned the role of the IGG, noting that it has failed him on corruption. He
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Ecobank Uganda on Tuesday joined its parent Group in reaffirming its commitment to help save the planet by supporting World Environment Day celebrated every June5. Led by Managing Director, Clement Dodoo, Ecobank Uganda staff and management planted trees at Nkonkonjeru Primary school in Mbale, a region that has been affected
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