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Banking

Banks Expect Lending Rates To Remain High As Restructured Loans Hit Shs7.9 Trillion

Majority of the  banks  expect their lending rates to remain broadly unchanged with a bias towards decrease, reflecting a relatively lower  Central Bank Rate (CBR), the Bank Lending Survey(BLS) has revealed. According to Bank of Uganda (BoU’s Monetary Policy Report ) for February 2021, commercial banks’  lending rate on Shilling loans averaged

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Analysis & OpinionsBanking

Absa Report Reveals The Real State, Health of Uganda’s Economy

David Wandera, the Absa Bank Uganda Head of Financial Markets

David Wandera, the Head of Financial Markets at Absa Bank Uganda  The Absa Africa Financial Markets Index (AFMI) 2020  has revealed the state of Uganda's financial markets and the economy at large. Absa Group, in partnership with OMFIF, the Official Monetary and Financial Institutions Forum, conducted extensive quantitative research and data

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News

NDA Intensifies Operations On Dangerous Fake Veterinary Drugs, Tick Burn Spray

NDA

NDA official displays some of the counterfeit drugs National Drug Authority (NDA) has recently been conducting surveillance on falsified and counterfeited veterinary medicines in the western Uganda districts focusing on Kyenjojo, Kiruhura, Sheema, Bushenyi, Rubirizi, Mitoma and Mbarara. This followed a tip off and complaints from some professional veterinary field

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News

EVERYONE MUST CONTRIBUTE: URA Boss Reveals Uganda Has Only 800k Active Taxpayers!

URA Commissioner General, John R Musinguzi addressing business and political; leaders from the Central Business District (Kampala)

URA Commissioner General, John R Musinguzi addressing business and political; leaders from the Central Business District (Kampala) Uganda Revenue Authority (URA) Commissioner General, John R Musinguzi has revealed that its  tax register currently stands at slightly over 1.6 million taxpayers with only 800,000 active. “These are the individuals and businesses that

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