Governments must focus on keeping food supply chains working during Covid-19 lockdowns, and ensure that sufficient food reaches urban markets and that it remains affordable
The measures include the opportunity to pause loan repayments, the chance to extend maturity dates of loans, and other forms of debt restructuring set out by the law. The central bank has also suspended the prepayment of loan arrears as a condition for debt restructuring
The scale of the economic onslaught wrought by the coronavirus pandemic will dominate discussions at the International Monetary Fund (IMF)/World Bank spring meetings scheduled to take place – for the first time ever virtually – on 17 to 19 April
Total Group through its two affiliates Total EP and Total Uganda Limited have today donated food, medical items and support worth US$70,000 (Shs263.3m) to aid in the fight against the Corona Virus (COVID-19) in Uganda
Annual growth in bank lending to the private sector rose at its slowest pace in three months in February on a decline in loans to the transport and communication sector
Bank of Baroda suffered a large decline in profitability in 2019, reflecting the impact of a rise in expenses and a slowdown in interest income
The Bank of Uganda cut its benchmark interest rate by a percentage point as part of measures to mitigate the economic crisis caused by the coronavirus pandemic, and also announced actions to support the financial institutions it supervises, including a moratorium on dividends and bonus payments
Energy bills for consumers supplied by Umeme Limited will fall in the second quarter to reflect a reduction in international fuel prices, according to a schedule published by the regulator
Uganda will spend Shs304.4bn ($80.6m) over the next three months on its coronavirus pandemic response, according to a supplementary budget request presented to parliament this week
The first indicator showing the economic impact of the Covid-19 coronavirus outbreak is out, and it shows that private sector activity in Uganda shrunk for the first time in over three years