Commercial banks’ weighted average lending rates for Shilling-denominated credit increased marginally from 17.64% in June 2024 to 17.76% in July 2024, Finance Ministry has reveled in its Performance of the Economy Monthly Report for August 2024. Similarly, foreign currency-denominated credit rates increased from 9.23% in June 2024 to 9.62% in
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Uganda exported 837,915 60-kilo bags of coffee in August Uganda’s coffee exports in August 2024 amounted to 837,915 60-kilo bags, worth US$ 221.63 million (UShs820bn), Uganda Coffee Development Authority (UCDA) has revealed in its monthly report for August 2024. This is the highest number of bags to be exported in
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Jenifer Bamuturaki (Centre), the Uganda Airlines Chief Executive Officer, addressing the press before the launch of Abuja route Uganda Airlines has started flights to Abuja, Nigeria, as the national carrier continues to steadily expand its network. The flights to Nigeria’s Administrative Capital come just one year after Uganda Airlines launched
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First Lady and Minister of Education and Sports, Janet K. Museveni The Ministry of Education and Sports and the Office of the Minister of Education and Sports have clarified that handheld mobile devices such as phones, tablets, and the like are not allowed for use by learners in School premises.
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Some of the beneficiaries of the CoCoDev Matching Grant Scheme in a group photo The National Coffee Roadmap which aims to produce 20 million bags by 2030 has received a big boost from a Shs10.8bn Coffee and Cocoa Value Chain Development Project (CoCoDev) Matching Grant Scheme that will support 134 commercial
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Dr. Gerald Kyalo, the Director Development Services at UCDA, addressing coffee stakeholders on Wednesday Uganda Coffee Development Authority’s effort to sensitise and register coffee value chain to enable the sub-sector comply with the European Union Regulation for Deforestation-free Products (EUDR) and Corporate Sustainability Due Diligence Directive requirements has received a
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UCAA Director General, Fred K. Bamwesigye, addressing the press Uganda Civil Aviation Authority (UCAA) has revealed that Entebbe International Airport registered a strong performance in the first half of 2024, having 226,795 more passengers than was recorded in the same period of January to June 2023. The revelation was made by UCAA
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A photo montage of bank CEOs Commercial banks extended loans worth Shs20.47 trillion to customers in 2023, up from Shs19.06 trillion in 2022, Business Focus exclusively reports. According to the analyzed financial statements of 25 banks for the year ended 31st December 2023, Stanbic Bank is Uganda’s biggest lender. This is after its loans
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Uganda continues to earn big from coffee exports Uganda’s coffee exports in July 2024 amounted to 821,593 60-kilo bags, worth US$ 210.48 million (Shs785.35bn), the highest ever in a single month. According to Uganda Coffee Development Authority (UCDA) monthly report for July 2024, this comprised of 722,444 bags of Robusta
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Robert Nangatsa, the Extension Manager at UCDA during an interview with Business Focus On 5th December 2022, the European Union (EU) Parliament approved the EU Regulation for deforestation-free products (EUDR) to ensure supply chains remain free from products that cause deforestation or forest degradation. The EUDR which takes effect on
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