Bank of Uganda holds rate at 12 per cent but raises cost of bank borrowing
The Bank of Uganda held its Central Bank Rate at 12 per cent but widened the band and raised lending margins as it lifted inflation forecasts
Museveni expected to commission first oil at Hoima pump station on 15 December
President Museveni is expected to commission first oil on 15 December at Pump Station One in Hoima, a source says. The government has not confirmed
Zimbabwe’s government keeps wrecking its money. Indian technology will not fix that
With reserves covering two months of imports and most deposits in dollars, the ZiG has a trust problem that Indian payment technology cannot solve
IGG directs UNMC to interdict chief executive and legal chief
UNMC must interdict Gerald Banaga-Baingi and Lelia Bwambale as the IGG investigates alleged financial mismanagement and abuse of office
Centenary Malawi turns to Finance Trust chief to build on its rapid expansion
Finance Trust’s Nakawunde moves to Centenary Bank Malawi as the lender seeks to sustain growth with tighter credit control
Flaw in PHP puts millions of websites at risk of takeover
Security researchers used AI models to find chains of PHP weaknesses, and a leak forced developers to release emergency patches ahead of schedule
UBOS challenges ICT ministry’s national data strategy
Uganda’s statistics bureau challenges a five-year data strategy whose proposed committees would approve and oversee data initiatives
Shilling closes at record low a week after rate rise
Uganda’s shilling closed at Shs4,208.10 to the dollar, a record low, one week after the central bank raised its benchmark rate
Uganda says Nigeria Ebola case does not show local transmission
Nigeria’s imported Ebola case involved travel through Uganda, but WHO says the infection source remains under investigation
FSD Uganda report leaves recovery fund figures unexplained
FSD Uganda’s 2025 fund report gives conflicting loan totals and no formula for its multiplier, and the organisation has not answered questions
US tells Americans to reconsider travel to Kenya
The US has raised Kenya’s travel advisory to Level 3, citing health risks, while Uganda remains at Level 4 after its own Ebola outbreak
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Why the Aga Khan Fund is parting with Nation Media Group after 66 years
AKFED sells its controlling stake in Nation Media Group to a Tanzanian businessman, ending a 66-year relationship with East Africa’s biggest media house
