Demand for credit grew in value terms to Shs8.70 trillion in December 2023 from Shs6.03 trillion in October 2023, the Bank of Uganda has said in its Monetary Policy Report for December 2023. “Supply over the same period also grew to Shs5.10 trillion from Shs3.87 trillion,” BoU says, adding: “Total credit extensions
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The Bank of Uganda (BoU) has maintained the Central Bank Rate (CBR), a benchmark lending rate for commercial banks, at 9.5% so as to keep inflation within the Central Bank’s target of 5%. While issuing the Monetary Policy Statement for December 2023 at BoU headquarters in Kampala on Wednesday, December
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The Board of Directors of the African Development Bank Group in a meeting on 1 December in Abidjan approved a loan of $252.83 million (Shs965.3bn) to Uganda, to fund the construction of the Laropi-Moyo-Afoji and Katuna-Muko-Kamuganguzi road. The financial support consists of two loans: $179.68 million from the African Development Bank and $73.15
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Judges of the 13th National Coffee Championship during the ongoing competition It’s two days to the finals of the 13th Uganda National Barista Championship and tomorrow, 16 semifinalists will battle it out at MOTIV in Kampala before the finals on Wednesday. The talent on display during the championship has been
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Officials from Motorcare Uganda and Ford officially the New Next-Gen Ford Ranger Motorcare Uganda Limited, a leading player in the Ugandan motor industry with over 27 years of experience with exclusive distribution rights for Ford vehicles has launched the Next-Gen Ford Ranger with advanced safety and technology features. During the launch
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Jennifer Bamuturaki (R), the Chief Executive Officer at Uganda Airline and the AFRAA Secretary General, Abderahmane Berthé, addressing the press after the AFRAA 55th AGA Experts in the aviation industry have asked African countries to drop protectionism tendencies if African airlines are to grow and significantly contribute to the economic growth of
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George William Nyombi Thembo, the new UCC ED George William Nyombi Thembo has been appointed the substantive Executive Director of Uganda Communications Commission (UCC). The revelation has been made by Eng. Irene Kaggwa, who has been serving the Ag. Executive Director at UCC for the last three years. “I wish to
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Passengers going through Entebbe Airport The Uganda Civil Aviation Authority (UCAA) has revealed that Entebbe International Airport recorded a total of 171,978 passengers in October 2023, an average of 5,547 per day. Vianney M. Luggya, the UCAA Spokesman, says this comprised of 82,317 arriving and 89,661 departing passengers. “January -
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BoU has urged Ugandans to stop misusing currency banknotes The Bank of Uganda (BoU) has warned the public against any practice that mutilates, defaces, or compromises the integrity of Uganda Shilling currency. Kenneth Egesa, the Director Communications at BoU says florists, designers, gifting stylists, and their clients are particularly cautioned to avoid
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Abderahmane Berthé, the AFRAA Secretary General speaking at the AFRAA 55th AGA taking place in Kampala African Airlines are still lagging behind their peers in developed continents on almost all key performance parameters, a report by African Airlines Association (AFRAA) has revealed. Abderahmane Berthé, the AFRAA Secretary General, gave a sneak
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