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Business

COVID-19 causes big drop in business confidence in Uganda – Survey

Business confidence in the country has fallen sharply for the first time since January 2017 as companies come to terms with Coronavirus (COVID...

News

Bank of Uganda Finalises Liquidation of GTB, International Credit Bank

Bank of Uganda (BoU) has announced that it has finalized the liquidation process of two defunct commercial banks as required by law. Liquidation...

Business

Uganda’s Public Debt Reaches UGX 46 trillion – Report

Uganda’s public debt has grown to Uganda shillings 46 trillion (USD12.5bn) as at the end of June 2019 up from Shs 39 trillion...

Business

IMF Cuts Uganda’s Growth Projection

The International Monetary Fund-IMF has slashed Uganda’s growth projection from 6.3% to 6% this year, citing the country’s challenges to get oil out...

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