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Opinion
Will the coronavirus crisis derail the African century?
Even before the virus has made much headway on the continent, African currencies, sovereign debt, and public equities have fallen dramatically, in many cases experiencing losses far greater than in developed or other developing and emerging markets
April 8, 2020
Economy
Coronavirus: BoU cuts interest rates, lowers growth forecasts, offers flexibility on bad loans
The Bank of Uganda cut its benchmark interest rate by a percentage point as part of measures to mitigate the economic crisis caused by the coronavirus pandemic, and also announced actions to support the financial institutions it supervises, including a moratorium on dividends and bonus payments
April 6, 2020
Politics & Policy
Government to spend extra Shs304.4bn to counter coronavirus
Uganda will spend Shs304.4bn ($80.6m) over the next three months on its coronavirus pandemic response, according to a supplementary budget request presented to parliament this week
April 3, 2020
Health
Opinion
Politics & Policy
The economic pain caused by Covid-19 shows we need to reshape African cities
In Africa, lockdowns to control the spread of the Covid-19 coronavirus outbreak will hurt urban families -- most of who depend on informal sector jobs -- the most. Therefore, reshaping African cities in the pandemic’s aftermath to ensure they can be engines of economic growth in the future, will be key
April 3, 2020
Economy
Private sector contracts for the first time in over three years in Covid-19 fallout
The first indicator showing the economic impact of the Covid-19 coronavirus outbreak is out, and it shows that private sector activity in Uganda shrunk for the first time in over three years
April 3, 2020
Economy
Businesses to shut down as Museveni announces lockdown
President Yoweri Museveni announced lockdown measures on Monday, telling all shopping malls, non-food shops, salons, and guesthouses to close for 14 days, and stopping all people to people travel
March 30, 2020
Economy
Politics & Policy
Covid-19 could break Africa. But it also offers an opportunity to reboot the continent’s economic policies
Africa’s ability to use monetary and fiscal policies to mitigate the pandemic’s economic impact is limited. Whereas governments and central banks around the world have adopted robust and often unprecedented short-run stimulus measures, most African countries lack the policy space and capacity to do so, or are constrained by monetary arrangements that prevent them from implementing national strategies
March 28, 2020
Economy
Government suspends public transport as coronavirus cases rise to 14
Uganda's government said on Wednesday that it is banning public transport for two weeks in a further tightening of measures aimed at preventing the spread of the novel coronavirus. Earlier, the ministry of health announced that infections of the Covid-19 coronavirus had risen to 14
March 25, 2020
Economy
Coronavirus cases rise to nine, all Ugandan nationals
The number of confirmed Covid-9 coronavirus cases in Uganda has risen to nine after eight new infections were detected, the ministry of health said late on Monday
March 24, 2020
Companies
Travel & Tourism
Uganda Airlines cancels all flights as government halts air travel
Uganda Airlines is suspending all passenger flights from 23 March “until further notice” as the government shuts down borders and stops all inbound and outbound flights in efforts to limit the spread of the Covid-19 coronavirus
March 23, 2020
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