BoU Deputy Governor, Dr. Michael Atingi-Ego The Bank of Uganda (BoU), the country’s Central Bank Tuesday afternoon announced an increase in the Central Bank Rate (CBR) by 1 basis points to 8.5 percent so as to stablise inflation around the [5%] target. The CBR is a benchmark lending rate for
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The Stanbic Headline Purchasing Managers’ Index (PMI) dropped to 50.9 in June, from 51.5 in May on account of further deterioration of business conditions in the Ugandan private sector. Readings above 50.0 signal an improvement in business conditions on the previous month, while readings below 50.0 show a deterioration. David
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Nasser Mutesasira (Right), the brain behind Sipi Hills Coffee, tasting coffee inside his lab Organic farming, an environmentally friendly system of farming which uses pesticides and fertilizers of organic origin such as compost manure, is slowly picking up globally and, in the process, helping farmers to earn premium prices. Certified
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Sauti Za Wanaichi Programe lead, Marie Nanyanzi, Twaweza East Africa Director, Aidan Eyakuze and Violet Alinda of Twaweza Uganda The cost of living is increasingly threatening the livelihoods of many Ugandans whose incomes have remained static, a new report by Twaweza has revealed. The cost of living crisis refers to
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Dr Fred Muhumuza, one of the proponents of the Parish Development Model says previous interventions have had challenges, with mixed results and the PDM attempts to overcome them. The planned full implementation of the Parish Development Model (PDM) by the government starting next financial year has drawn mixed reactions, both
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Kenyans are not getting stocks from Uganda and Tanzania The price of maize flour has breached the KSh200 (about UShs6,325) mark for a two-kilogramme packet, a move that is set to put upward pressure on inflation as Kenyans are grappling with a rise in the cost of other basic
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By Hassan Kitenda The rapid growth of FinTech companies has received a great deal of attention. FinTechs are a rapidly growing set of technology companies providing alternatives to traditional banking services, most often exclusively in an online environment. The rise of FinTech platforms is changing the provision of financial services
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On January 26 this year, President Yoweri Kaguta Museveni told a National Resistance Movement party gathering also attended by senior government officials gathered at Kololo Ceremonial grounds to mark 36 years ever since his party came to power, that Uganda will attain the lower middle-income status by 2026 after it
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Image of burnt school (courtesy image) Fire investigators have established that dormitories burnt at two separate schools last week in Wakiso district were set ablaze by primary four and primary seven pupils. It started with fire at Young Elite School in Kasokoso, Kira Municipality where a dormitory was burnt in
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East African countries have registered an increase in Foreign Direct Investments (FDIs), a United Nations survey showed Thursday. Uganda, which is developing infrastructure for its crude oil resources, saw FDIs bump 31 per cent to an estimated $1.1 billion [UShs4 trillion], according to UNCTAD. Kenya’s FDI inflows went against a regional
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