Prof. Emmanuel Tumusiime-Mutebile, the BoU Governor Ugandans are increasingly seeking bank loans but interest rates largely remains high in comparison to the Bank of Uganda’s Central Bank Rate (CBR), a benchmark lending rate. However, despite increased loan applications, loan approvals remain low. According to Bank of Uganda’s Monetary Policy Report
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Delegations from Uganda and Kenya in a group photo after Ministers signed a joint Communique Uganda and Kenya on 21st December 2021 held a cordial bilateral meeting in Nairobi to discuss and resolve issues that impede smooth bilateral trade flows. The meeting was held at Cabinet Secretary/Minister level and hosted at
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IMF Managing Director, Kristalina Georgieva The Executive Board of the International Monetary Fund (IMF) approved on December 15, 2021 a fifth and final tranche of debt service relief under the Catastrophe Containment and Relief Trust (CCRT) for 25 member countries with eligible debt service falling due to the IMF from
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Minister Kaduch launching the training at Mbale SS Schools have to prepare to receive child mothers and pregnant learners, Dr. Cleophus Mugenyi, the Commissioner Basic Education in the Ministry of Education and Sports has revealed. According to Dr. Mugenyi, a recent study by the UN population fund indicates that the
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Mr. Hez Kimoomi Alinda, Executive Director of Uganda Free Zones Authority addressing the media at Media Centre Uganda Free Zones Authority (UFZA) presented its Annual Performance for the Financial Year 2020/21 at the Uganda Media Centre. The report captured the performance of the Free Zones, challenges encountered and recommended actions
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Gabriel Okumu (3rd Right), the Okoro County MP in Zombo district officially launching the fertilizer distribution programme in Northern Uganda. 2nd Right is Dr. Gerald Kyalo, the Technology Development Manager at UCDA Uganda Coffee Development Authority(UCDA) has urged coffee farmers in Northern Uganda (West Nile region and Mid North) to embrace the
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Cairo Bank Uganda organized a breakfast for staff to bid farewell to their Managing Director, Mr. Ahmad Maher Nada (pictured) who will be leaving the Bank at the end of the year following the expiry of his contract. Mr Maher will be taking on a new assignment with Banque Du
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Electoral Commission Spokesperson, Paul Bukenya, Polling in by-elections to fill two hundred and one (201) vacant Chairperson and Councillor positions in various Local Government Councils countrywide takes place today, Thursday 16th December 2021. According to Electoral Commission Spokesperson, Paul Bukenya, the vacant positions include the District (LC.V) Chairperson, Kayunga, and
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Minister Rwamirama (2nd Left) launching the fertilizer distribution programme in Bunyoro The Ministry of Agriculture, Animal Industry and Fisheries has launched fertilizer distribution under the coffee rehabilitation programme in Bunyoro region in a move that will see under productive and old coffee become more productive. In Western Uganda, the programme will
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Uganda is earning big from coffee exports World coffee exports for October totaled 9.68 million bags down by 4.4% from 10.13 million bags in October 2020, the November 2021 report by Uganda Coffee Development Authority (UCDA) has revealed. It adds that total exports for Coffee year 2020/21 totaled 128.93 million
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