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The shilling weakened briefly during Wednesday’s session to touch levels of 3690/3700, having opened trading at 3680/3690. This was driven by some demand pockets but flows in the afternoon led it to close the day
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Bank of Uganda (BoU) will auction Ugx 550 billion 5-year and 20-year Treasury Bond auction on Wednesday 7th September 2022, a report by Absa Uganda indicates. This comes after Uganda Revenue Authourity (URA) registered an
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Uganda’s economy contracted by 1.6% for the quarter ended March 2022 as the benchmark Central Bank Rate (CBR) was raised to forestall inflation in the latest Bank of Uganda Monetary Policy Statement. It takes two
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About 75% of Uganda’s workforce remains in the informal sector, with the youth and women overrepresented, Michael Atingi-Ego, the Deputy Governor, Bank of Uganda has said. While Speaking at the at the Inaugural Financial Inclusion
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The Bank of Uganda has launched a new five year Strategic Plan 2022 to 2027 (SP 2022-2027) with the aim of rolling out a digitally tracked Central Bank Digital Currency in line with a global
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Bank of Uganda (BoU) has sounded the alarm, urging Ugandans to be vigilant in the coming months as it manages economic turbulence. Some of the shocks to Uganda’s economy can be traced to changes in
