Finance
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What the new interest rate cap means for Ugandans
The government’s decision to cap annual interest rates at 33.6% for money lenders and Tier 4 microfinance institutions is set…
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No tax on employee food allowances, URA clarifies
The Uganda Revenue Authority (URA) has dismissed rumors that it’s planning to slap a tax on employee food allowances, calling…
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Why Ugandans still struggle to access loans despite central bank rate cut
The Bank of Uganda’s recent move to cut its central bank rate to 9.75% was meant to signal a lifeline…
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MPs question Finance Ministry over excess budget releases to districts
The Public Accounts Committee (Local Government) has raised concerns about the Ministry of Finance’s release of excess funds to districts,…
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Time’s up for mobile money loan defaulters, telecoms tighten the noose
The world of digital lending is about to get tougher for loan defaulters in Uganda, as telecom companies prepare to…
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BOU lowers interest rate to 9.75% as inflation eases
On October 7, 2024, the Bank of Uganda’s Monetary Policy Committee (MPC) lowered the Central Bank Rate (CBR) by 25…
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NSSF unveils initiative to attract informal sector workers
In an effort to improve Uganda’s savings culture and enhance economic security for informal sector workers, the National Social Security…
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dfcu Bank urges NGOs to seize financial independence amid declining donor funding
At a time when international donor funding is on the decline, dfcu Bank is stepping up to help Non-Governmental Organizations…
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Gov’t tightens belt: Uganda’s 2025/26 budget slashed by Shs14.7 trillion
The Ministry of Finance has released the First Budget Call Circular for Uganda’s 2025/26 fiscal year, revealing a significant reduction…
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Why saver’s reduced withdrawals suggest growing confidence in NSSF
Savers with the National Social Security Fund (NSSF) are set to receive an 11.5% interest rate for the Financial Year…
