By Kenneth Egesa The Bank of Uganda's recent state of the economy report offers a snapshot of Uganda's economic health and near-term prospects. The country is having a low and stable inflation environment and a stable exchange rate on account of prudent monetary policy, coupled with robust GDP growth driven
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By Tamara Rajic The rapid advancement of artificial intelligence (AI) has captured the world's attention, permeating businesses across all sectors at an astonishing pace. Embracing AI technologies is essential for businesses to remain competitive and meet the evolving demands of customers in an increasingly digital age. AI-driven innovation is poised
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Financial institutions in Uganda approved loans worth Shs1.3Trn in May 2024, with personal and household loans taking the largest share. According to the Performance of the Economy Monthly Reportfor June 2024 released by the Ministry of Finance, Planning and Economic Development, the value of credit approved for disbursement amounted to Shs1.331Trn up from
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Uganda’s export earnings in May 2024 amounted to USD 891.97 million (Shs3.279Trn) a 39.4% increase from US$639.86million (Shs2,352,573,262,000) in April 2024, the Ministry of Finance has revealed. The details are contained in the Performance of the Economy Monthly Report for June 2024 that was released recently, with Government attributing the growth in exports
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By Denis Jjuuko Mpigi town today is nondescript, a backwater town located approximately 45.8km from Kampala on the Kampala-Masaka highway. The town of almost one street is dominated by small traders, some operating in incomplete buildings or kiosks. A few branches of banks here and there. Generally, nothing much to
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Central bank gold buying continues to sizzle. When the Bank of Uganda announced its intention to purchase gold from artisan, small, medium, and large-scale miners, some players in the precious stones industry wondered why a sudden policy reversal. It has been close to three decades since the Bank of Uganda
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Uganda continues to enjoy the high prices Uganda Coffee Development Authority (UCDA) has revealed that the country’s coffee exports in June 2024 amounted to 667,037 60-kilo bags worth US$ 162.36 million (Shs600.87 billion). This is the highest ever earnings recorded in a single month for Uganda. According to UCDA’s monthly
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Dinah Nalubega, a lab technician at Vivo Energy Uganda explaining to journalists the several tests done on fuel products Vivo Energy Uganda, the marketer and distributor of Shell-branded fuels and lubricants in Uganda, goes through an intricate process to deliver the quality products that customers enjoy to use. On July
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Small scale coffee farmers are set to be affected by EU rules/Business Focus photo Coffee farmers will have to ensure that they do not employ children if Ugandan coffee is to access the European Union. The EU rules against child labor in the coffee sector are in addition to those
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Bank of Uganda has revealed that between February 2024 and April 2024, Ugandan businesses and individuals applied for loans from financial institutions worth Shs5.1Trn, although, only loans worth Shs3.4Trn were approved within the same period. The details are contained in the State of Economy Report for June 2024 that was
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