Browsing: @BoU

In Uganda’s Nakaseke district, dairy farmer John Vian has discovered that the secret to survival isn’t selling raw milk but transforming it into yoghurt. With one 20-liter jerrycan, he can triple his earnings, extending shelf life, stabilizing income, and branding his product for supermarket shelves. His story highlights the promise—and challenges—of value addition in Uganda’s dairy sector.

Uganda faces a surge in financial crimes, including billion-shilling cash heists, counterfeit currency scandals, and fraudulent schemes. Over just two days, incidents have shaken confidence in the financial sector, prompting calls for stronger safeguards. Experts warn that unchecked crimes could deter investment, weaken economic growth, and erode trust in banking institutions.

The Bank of Uganda has reduced the Central Bank Rate (CBR) by 25 basis points to 10.0%, signaling a cautious easing of monetary policy aimed at stimulating economic growth while keeping inflation in check. This decision comes as inflation remains below the central bank’s target, and the economy shows signs of recovery with GDP growth rebounding in recent quarters.

98% of Ugandans Have Less Than Shs 9 million in Banks

In the three months leading up to May, Uganda witnessed a notable surge in economic growth driven by increased consumption,…

KAMPALA: In a robust display of economic resilience, Uganda’s economy has been bolstered by significant inflows from Non-Governmental Organizations (NGOs)…

KAMPALA: In a strategic move, the Bank of Uganda (BOU) has initiated a Domestic Gold Purchase Program to build the…

Uganda’s inflation remains among the lowest in the region, averaging 3.2 percent over the twelve months leading to May 2024.…

LUCAS MUSISI KAMPALA – In a significant stride towards bolstering economic development and fostering regional cooperation, Uganda has embarked on…