Bank of Uganda holds rates, warns of rising public debt
Central bank maintains key interest rate at record low, noting gradual but subdued economic growth and favourable inflation outlook
Uganda Business News
Vision Group names Don Wanyama as new chief executive
Vision Group has announced that Don Wanyama, the senior press secretary to the president, will take over as chief executive
Ugandan companies stand to win oil & gas contracts worth $167m
Uganda companies will be awarded contracts worth about $167m (Shs605.2bn) out of the $1.3bn tenders for the Tilenga and Kingfisher oil projects
How to deal with rich countries hoarding Covid-19 vaccines
Global initiative aiming to deliver 2 billion doses to mostly low-income countries by the end of 2021 is threatened by chronic under-investment, vaccine nationalism, and export restrictions by rich countries
Uganda, Tanzania and Total sign off on pipeline project
Uganda, Tanzania, and Total S.A. on Sunday signed three agreements to finalise the development of an oil pipeline from Uganda’s oil fields to Tanga on the Tanzanian coast
Business activity measure points to a gradual recovery
The rise in the index signals that “the economic recovery is gaining momentum as conditions gradually return to normal”
Informal sector: time to pay attention to tomorrow’s biggest employer
Decision makers seem oblivious to the fact that most young people will be employed in the informal sector
Core consumer inflation slows to nine month low
Stronger vegetable prices helped push Uganda’s consumer price inflation in March to its highest level in five months, while core consumer prices moderated as transport inflation slowed
Soaring loan-loss provisions lead to first profit fall in seven years at Stanbic
Decline in net profit, the first in seven years, follows strengthened provisions against losses from borrowers hit by the coronavirus
aYo Uganda delivers value through pandemic
Microinsurer aYo Uganda underlined its commitment to the economic wellbeing of its customers by paying out more than Shs760 million Shillings in 2020, through the height of the Covid-19 pandemic