New Vision slumps to its second annual loss
New Vision reported a sharp drop in earnings for the year ended June, dragged down by the poor performance of its recently added publishing revenue stream
Uganda Business News
AfDB project to improve farmers’ access to fertiliser with $2.9mn in loan guarantees and grants
The three-year project will support two wholesalers to sell subsidised fertiliser, and link them to agro-dealers who will act as resellers
Artificial intelligence solution wins TotalEnergies e-mobility hackathon
Application that uses artificial intelligence to identify optimal locations for electric vehicle charging points wins TotalEnergies Uganda rEVolution Hackathon
Coffee exports climb 15% in September
A strong robusta crop harvest in the south western-region boosted Uganda’s coffee exports by 15% in September
Two top 100 African bank rankings, same two Ugandan banks
Two rankings of the top 100 African banks in 2023 feature the same two banks from Uganda, both of which also place in the top ten for profitability
After 50 years, the World Bank and IMF return to Africa, and with them a dated approach
The two institutions’ one-size-fits-all approach to Africa is one of several flaws limiting their effectiveness in addressing current global challenges
Electricity tariffs remain unchanged for the 4th quarter
The appreciation of the Ugandan shilling against the US dollar offset increases in core consumer prices and global crude oil prices, resulting in no adjustment to electricity tariffs in Q4 2023
Monetary Policy Statement for October 2023: BoU’s full statement
On 5 October 2023, Bank of Uganda’s Monetary Policy Committee maintained the Central Bank Rate at 9.5 per cent
Bank of Uganda keeps policy rate on hold as inflation eases
The central bank on Thursday kept its policy rate unchanged, stating that its current policy stance aligns with its inflation outlook and supports economic growth
Private sector lending rises to six-month high in August
Credit to Uganda’s private sector rose to a six-month high in August as the economy continued a slow but steady recovery path, the central bank said on Tuesday ahead of its policy rate meeting