Central Bank to auction Ugx550billion this week
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…
Uganda risks recession as economy contracts
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…
75% of Uganda’s workforce stuck in the informal sector
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…
Bank of Uganda targets Central Bank Digital Currency (CBDC) in new strategic plan
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…
Central Bank warns of pass through effects of US inflation, Ukraine conflict
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…