Bank of Uganda (BoU) has today, April 6th, 2020, in the April 2020 Monetary Policy Committee (MPC) meeting reduced the Central Bank Rate (CBR) by 1 percentage point to 8…
The National Social Security Fund has today 31st March 2020, announced measures to allow businesses/employers facing economic distress to reschedule their NSSF contributions for the next three months without accumulating…
Sheraton Kampala Hotel one of Kampala’s top hotels has sent down most of its staff on paid leave as Covid-19 related restrictions have severely diminished business at the hotel. In…
Although Uganda had as of March 15, 2020, not yet registered a single case of the deadly COVID-19 top five Kampala hotels had registered a loss of an estimated USD…
In a bid to ease COVID-19 related pressures on taxpayers, Uganda Revenue Authority has announced, it will allow various amnesties, extensions for filing tax returns and penalties. In the announcement…
A day after Uganda confirmed eight new COVID-19 cases, bringing the total confirmed cases to nine, President Yoweri Kaguta Museveni has assured Ugandans that the situation is still manageable if…
First of all, I would like to thank you and your cabinet- for the courageous leadership thus far- especially the decisions announced on March 18th 2020 which among others include…
A day after the ministry of finance warned that COVID-19 related complications could borrowers from trade, tourism, transportation, and construction sectors experience difficulties in repayments, thus worsening banking industry non-performing…
The Uganda Minister of Finance, Planning and Economic Development has today told Parliament that Corona Virus Disease- COVID-19 will significantly affect Uganda’s economy, so much so that up to 2.6 million could sink bank into poverty depending on the severity of the disease. In his statement on the economic impact of COVID-19 on Uganda, presented to parliament today, Matia Kasaija,…
Uganda is yet to register its first coronavirus case, but President Yoweri Kaguta Museveni has made a proactive move to close schools, suspend religious worship gatherings, entertainment get together as…
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