A report in Daily Monitor said President Yoweri Museveni and his most determined challenger, Kiiza Besigye, will hold talks overseen by a foreign mediator over their political misunderstandings. But the government spokesperson said he was not aware of any planned talks.
Bank of Uganda lowered the central bank rate by 0.5% to 11.5% from the 12% set in December. The cut was necessary to “support economic activity”, according to the Monetary Policy Statement. It is the sixth consecutive cut since the central bank started easing the policy rate in April 2016.
Total E&P Uganda, China National Offshore Oil Corp., and Tullow Uganda launched Front End Engineering Design (FEED) studies for Exploration Area 1 (EA1) in Nwoya and Exploration Area 2 (EA2) in Buliisa district. The studies will then enable the three joint venture partners to make a final investment decision.
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