The liquidity crisis in developing countries is not over
External debt ratios of low-income and lower-middle-income countries are lower than before, but liquidity pressures have increased due to various shifts in the global economy
Rwanda genocide: why Tutsis remain at the centre of eastern DRC conflict 30 years on
Governments in both Kigali and Kinshasa continue to play their part in subverting reconciliation to end tensions and conflicts in the east of the DRC triggered by the 1994 Rwandan genocide
Bank of Uganda raises rates to highest levels in nearly 7 years, nods to strong inflation pressures
The Bank of Uganda raised interest rates for the second time in as many months on Monday, citing the risk of increased inflationary pressures due to a weak shilling
Umeme writes off Sh432.9bn as end of service concession nears
Umeme wrote down Shs432.9bn in assets, an increase of Shs272.9bn from the previous year, to reflect the shorter remaining life of its power distribution concession, resulting in a sharp fall in profits
Coffee exports fall at steepest pace since December 2022
Coffee exports fell by the most in fourteen months in February, but higher global prices led to higher earnings
Media often tout fintech as answer to Africa’s problems, overlooking its downsides
African headlines often praise fintech as solving the continent’s economic problems, but some political economists and social theorists challenge this narrative
Goods trade gap falls to near three-year low
Uganda’s merchandise trade deficit with the rest of the world fell to its lowest level in 35 months in January, helped by a sharp drop in imports of non-petroleum mineral products
Bank of Uganda’s Monetary Policy Statement for March 2024 — Full text
On 6 March 2024, a special meeting of the Bank of Uganda’s Monetary Policy Committee increased the Central Bank Rate to 10 per cent
Interest rates raised by 0.5% to stem shilling’s slide
The central bank raised its key interest rate at an emergency meeting to stem a “sharp depreciation” of the shilling caused by offshore investor outflows and in the wake of resurgent inflation
Standard Bank appoints Anne Juuko as regional head for global markets
Anne Juuko, the chief executive of Stanbic Bank Uganda, has been appointed as the regional head for global markets, East Africa, at the Standard Bank Group effective 1 April
Bank of Uganda to hold emergency rate meeting as shilling slides
The central bank said it would hold an emergency rate meeting on Wednesday, likely in response to the shilling’s depreciation
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Bank of Uganda shuts down EFC Uganda, takes control
Bank of Uganda shut down the microfinance institution on Friday, citing failure to meet minimum capital requirements and ‘poor corporate governance’
