Inflation eases to 18-month low
The consumer price index climbed 3.5 per cent compared to a year earlier, a slight step down from the 3.9 per cent annual growth registered in May and marking the tenth consecutive slowdown
Uganda Business News
African nations must maintain their US ties, even as Brics and China ties strengthen
The Brics alliance is seen as a possible counterbalance to US and the West’s dominance of global affairs. The US and China attract the most attention because of their strategic interests
Airtel plans to raise Shs800bn in IPO
Airtel Uganda Limited expects to raise as much as Shs800 billion ($215.2m) in an initial public offering, which would value the telecom at Shs4 trillion (nearly $1.1bn)
Bank of Baroda: Payment of final divided for financial year ended 31 December 2022
The dividend for the 2022 financial year will be paid by 30 September 2023
Ugandan startup lands milestone Korean investment as 26 graduate from YSAU incubator programme
YSAU startup Yunga Technologies sealed an investment deal with Korean venture capital company Ventureport
Beyond resources: China’s transition to investment-driven Hunan model reshapes Africa engagement
China’s Africa engagement shifts from resource extraction to prioritize agriculture, technology, and trade partnerships
Umeme’s revenues rebound, profit takes a hit from write-off
The company announced a dividend of Shs24 per share to be paid by 29 February 2024
Stanbic Uganda Holdings Limited: Director appointments
Stanbic Uganda Holdings Limited is pleased to inform its shareholders and the public of the appointment of Yinka Sanni and Mona Muguma Ssebuliba to fill causal vacancies as non-executive directors
World Bank’s loan freeze tests its supposed non-political stance
The World Bank’s recent decision to halt new loans to Uganda over its anti-homosexuality law highlights the blurred lines between economics and politics, raising questions about its approach to navigating complex social issues
Monetary Policy Statement for August 2023: the BoU’s full statement
Bank of Uganda cut rates by 0.5 per cent Tuesday, the first adjustment since October 2022, responding to recent economic indicators highlighting the risk of a slowdown in GDP growth. You can read the full statement here