Mobile money transactions are increasing every passing day Mobile money transaction values significantly increased by 31.5 from UGX 192.9 trillion in the twelve months ending June 2023 to UGX 253.7 trillion in the year to June 2024, the Bank of Uganda Annual Report for Financial Year 2023/2024, reveals. Similarly, the
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Agriculture is the backbone of Uganda’s economy but the sector continues to get highest interest rates Agriculture sector tops the sectors with highest lending rates in Uganda, Bank of Uganda’s Annual Report for 2023/2024, has revealed. The report says in 2023/2024, interest rates varied among sectors primarily due to differences
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Uganda’s stock of outstanding private sector credit grew by 0.8 percent to Shs23.3 trillion in March 2025 from Shs23.12 trillion recorded in February 2025. This is contained in the Performance of the Economy Monthly Report for April 2025 released recently by Ministry of Finance, Planning and Economic Development’s Macroeconomic Policy
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The Ministry of Water and Environment has released the June to August 2025 seasonal climate outlook over Uganda, with the overall rainfall forecast for the June, July, and August (JJA) 2025 period indicating that the northwestern and eastern regions are expected to receive above-normal (above-average) rainfall, while parts of central
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Uganda’s banking industry Non-Performing Loans (NPLs) reduced to Shs1.019 trillion in 2024, down from Shs1.18 trillion recorded in 2023, Business Focus exclusively reports. Although 10 banks have high NPLs (whose ratio is above 5%), the industry NPL ratio is 4.69%. This analysis is derived from the financial statements for the
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Coffee remains Uganda’s major reliable source of foreign exchange Uganda’s coffee exports in April 2025, amounted to 694,318 valued at US$214.38 million (about UShs 780.1 billion, the Ministry of Agriculture, Animal Industry and Fisheries (MAAIF) has revealed in its Monthly Coffee Report for April 2025. This comprised of 594,188 bags
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Passengers at Entebbe International Airport Entebbe International Airport facilitated 93,194 arrivals and 92,272 departures in April 2025, a total of 185,466 international passengers and an average of 6,182 passengers per day compared to an average of 5,490 per day recorded in April 2024. According to Uganda Civil Aviation Authority (UCAA)
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Minister of Finance, Matia Kasaija Parliament has approved a government proposal to borrow EURO 500 million (about UShs2 trillion) to finance the 2024/25 budget that is one month away from ending. The loan request was tabled by Minister of Finance, Matia Kasaija during parliament's plenary session that marked the end
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Members of the National Committee on Wildlife Hazard Management in a group photo with UCAA Board Chairman, Justice Steven Kavuma (seated on front row-Centre) Uganda has formed the National Committee on Wildlife Hazard Management in a move aimed at mitigating bird and wildlife strikes as aviation safety remains critical not
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Commercial banks extended loans worth Shs21.46 trillion to customers in 2024 Banks extended loans worth Shs21.46 trillion to customers (individuals and companies) in 2024, up from Shs20.26 trillion in 2023, Business Focus exclusively reports. Our analysis is derived from the financial statements for the year ended 31st December 2024 that
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