The Uganda shilling strengthened marginally, primarily supported by Central Bank mopping up of excess liquidity in the money markets amidst low demand for the greenback during the week ending 8th December 2017. Trading was in range of 3610/3620. In the coming week, Bank of Uganda will hold the final Monetary Policy
Read More
President Yoweri Museveni has said he is optimistic that the economy of Uganda will grow sustainably as government has now got the facts. The President was speaking at the opening and review of the 5th phase of the Presidential Investors’ Round Table (PIRT) that took place on Wednesday at State
Read More
Bank of Uganda (BoU), the regulator of Forex bureaus has said Amin Forex Bureau Exchange Ltd is no longer allowed to transact business after its license expired and wasn’t renewed. In a statement issued on Wednesday December 6, 2017, BoU Deputy Governor Dr. Louis Kasekende said: “Amin Forex Bureau Ltd
Read More
The desire for Uganda to achieve a middle income status (lower) by 2020 will not achieved, according to World Bank. According to World Bank’s Uganda economic update 10th edition dubbed: ‘accelerating Uganda's development : ending child marriage, educating girls’ released on Tuesday, Uganda has experienced economic growth slowdown in the
Read More
Barclays Africa Group Limited (BAGL) and China Development Bank (CDB) have signed a memorandum of understanding (MoU) aimed at strengthening cooperation and exploring opportunities to fund development projects in Africa. Given CDB’s focus on infrastructure finance for roads, railways and dams, Barclays Africa will leverage the MoU to unlock opportunities
Read More
Makerere University College of Health Sciences has partnered with St. Augustine International University (SAIU) to host the first international Non Communicable Diseases (NCDs) symposium aimed at raising awareness about the silent killer diseases. The symposium is slated for February 12th -15th 2018 in Kampala. NCDs also known as chronic or
Read More
Do you drink sodas? If the answer is in affirmative, then you have been drinking yourself into an early grave. Prof. Moses Kamya, the Dean, School of Medicine at Makerere University encourages Ugandans to keep off sodas for it is dangerous for one’s health. “It is very unhealthy to take
Read More
The Uganda Shilling was relatively stable bolstered by end month conversions amid low market demand the week ending 1st December 2017. Trading was in the range of 3620/3630. In the interbank, liquidity remained high with overnight rate dropping to 7.5% while one week traded at 9.5%. In other economic news, Inflation continued
Read More
The Annual Headline (total) Inflation for the year ending November 2017 lowered to 4.0% compared to the 4.8% recorded in October 2017, says Uganda Bureau of Statistics (UBOS). Releasing the Consumer Price Index (CPI) for November 2017 at Statistics House on Thursday, Paul Mungyereza, the UBOS Executive Director revealed that
Read More
On the eve of World AIDS Day (December 1) Johnson & Johnson announced that its Janssen Pharmaceutical Companies together with a consortium of global partners have initiated the first efficacy study for an investigational mosaic HIV-1 preventive vaccine. The Bill & Melinda Gates Foundation and National Institutes of Health are
Read More