Bank of Uganda regularly publishes the charges and interest rates for personal accounts in Uganda’s commercial banks to “promote transparency and enhance competition in the provision of banking services.”
Total E&P Uganda, China National Offshore Oil Corp., and Tullow Uganda have launched Front End Engineering Design (FEED) studies for Exploration Area 1 (EA1) in Nwoya and Exploration Area 2 (EA2) in Buliisa district.
It is essential for Parliament to consider reforms in our national pension laws if Ugandans are to retire – assured of a respectable pension that keeps them financially independent of their relatives
The World Bank on Tuesday released its eighth Uganda Economic Update outlining its view of the state of the economy, more than six months after it cut off funding over slow execution of projects. Here are 10 key messages from the report.
Kansai Paint, a Japanese coating company, is looking at acquiring Uganda’s Sadolin Paints for $87.5 million in a bid to expand its African footprint.
A parliamentary committee has questioned the return of investment on Mbarara Industrial Park, finding that the park’s management failed to collect rent dues from some tenants and to evict the defaulting entities.
Russia is looking for another homegrown company to finance and construct Uganda’s greenfield oil refinery, following the exit of RT Global Resources, the consortium led by Rostec, a state defence and technology corporation.
The finance minister, Matia Kasaija on Wednesday tabled a motion requesting Parliament to allow the government withdraw Shs116.6 billion from the Petroleum Fund.
The Bank of Uganda on Wednesday lowered the central bank rate by 100 basis points from 13%, set in October, to 12%. The bank’s monetary policy committee said the rise was necessary to “keep the domestic economic growth momentum.”
The president said that oil is an “enabler” that will bring in “quick money” to work on the weak fundamentals without which the country will not develop.