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Government has announced the reopening of livestock markets. The markets were closed in March by President Yoweri Museveni as a measure to curb the spread of the Covid-19 disease. …
By Christopher Burke, WMC Africa Government support for the promotion of agriculture in the 2020/21 budget with the scrapping of VAT on agricultural equipment and processed milk are welcome steps…
Bank of Uganda Governor Emmanuel Tumusiime-Mutebile has warned commercial banks that the central bank may be forced to impose limits on interest rates they can charge on loans. Mutebile, who…
Bank of Uganda (BoU) has warned that the rate at which Uganda’s public debt is increasing is a cause for worry as the country now hits 53 trillion Shillings in…
Bank of Uganda has today, for the second time in three months, further eased down the Central Bank Rate for June 2020 to 7 per cent, setting another record low…
1. What does Credit Relief mean? It is a re-organisation of a debt obligation through concessions or accommodations that provide borrowers with some form of relief in how and/or when…
The Coronavirus Storm By Professor Waswa Balunywa, PhD Now that the lockdown was eased, it is even more important that economic supporting measures are initiated. A large number of market…
Bank of Uganda has today issued guidelines to all supervised financial institutions, to operationalize the credit relief and loan restructuring measures announced in the Monetary Policy Statement of April 6,…
Kampala, 14 April 2020 – Insurance and financial services provider, Sanlam Uganda, has donated UGX285 million (US$75,000) to the Government of Uganda’s National Response Fund for COVID-19. The fund was…
Uganda’s business confidence index for March 2020 has fallen to a 3-year low as the knock-on effects of Covid-19 begin to sink in. According to Bank of Uganda’s Business Tendency…
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