Tag: Uganda economy

IMF Warns of Eroding Global Economic Resilience as Uganda Attends Talks

Finance Sarah Okello -
The International Monetary Fund has urged governments to reduce debt, rebuild financial buffers and strengthen economic resilience as geopolitical...

Central Bank Raises Rate to 12% as Inflation Risks Increase

Economy Sarah Okello -
The central bank raised its benchmark interest rate by 225 basis points to 12% on Wednesday, citing rising inflation...

Parliament Gives Finance Ministry One Week to Explain Dollar Surge

News Darmasco Kaggwa -
Speaker Oboth Oboth postpones debate on rising fuel prices to allow MPs to examine the exchange rate and global...

Museveni Sets Out Five Priorities to Accelerate Uganda’s Economic Transformation

Economy Sarah Kamanyire -
President Yoweri Museveni has called for faster economic transformation, urging Ugandans to address persistent challenges including household poverty, transport...

Tayebwa Sounds Alarm Over Low Stock Market Participation, Calls for Capital Markets Overhaul

Business Ibrahim Ojuku -
Uganda’s Deputy Speaker says just 0.5% of the population invests in the stock market as the country targets a...

Uganda Needs New Development Financing Architecture, Nakyobe Says

Government Sarah Kamanyire -
The Secretary to Cabinet and Head of Public Service, Ms Lucy Nakyobe, has called for a fundamental rethink of...

The Voice on the Phone May Not Be Who You Think

Artificial Intelligence admin -
By Robinah Alice Namuwaya A familiar voice can make a stranger feel trustworthy. That is exactly what artificial intelligence is beginning...

Tayebwa Calls for Ethical Businesses and Wider Tax Base

Business Moses Kabasibante -
Deputy Speaker of Parliament Thomas Tayebwa has urged Uganda’s business community to build enterprises that create jobs, support communities...

Gov’t Injects Shs2.2 Trillion Into UDB to Boost Industrialisation, Exports

Agriculture admin -
Government has so far capitalised Uganda Development Bank (UDB) to the tune of Shs 2.2 trillion, including the additional...

Iceland Approves $8m Grant for Schools, Water Projects in Three Ugandan Districts

Finance Ibrahim Ojuku -
The funding will support education, water and sanitation infrastructure in Namayingo, Kwania and Amolatar between 2026 and 2028 The Government...

Bank of Uganda to Raise Shs990 Billion Through Treasury Bond Auction

Banking & Finance Moses Kabasibante -
The Bank of Uganda is set to raise up to Shs990 billion through a reopening of three government Treasury...

Parliament Approves Five-Year Fiscal Charter as Uganda Targets Debt Reduction and $500bn Economy

Economy Moses Kabasibante -
Uganda’s Parliament has approved a five-year fiscal policy framework aimed at reducing public debt, curbing expensive commercial borrowing and...