Finance
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BOU lowers lending rate amid signs of economic recovery
In a strategic move aimed at fostering economic growth, the Bank of Uganda has reduced the Central Bank Rate (CBR)…
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New tax policy set to reshape Uganda’s revenue strategy amid public outcry on over-taxation
The policy expected to become public in December, will provide a set of guidelines for the taxation of goods, services…
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Expert warns gov’t: Ugandans will face pinch of traders’ protests
Experts have warned that the tensions escalating in Uganda’s business sector as traders threaten protests following the abrupt cancellation of…
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dfcu bank pays Shs100 billion in taxes to gov’t
In a significant financial achievement, dfcu Bank has successfully paid a substantial sum of 100 billion Ugandan Shillings in taxes to the…
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Digital Money Lending Apps: Unveiling the fraud crisis
A rising wave of fraud cases linked to digital money lending applications, has thrown Uganda’s financial sector into turmoil, leaving…
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BOU closes Mercantile Credit Bank over financial instability
The Bank of Uganda (BOU) has closed Mercantile Credit Bank Limited (MCB), a tier II financial institution, due to severe…
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How oil revenue will relieve gov’t of external debt
President Yoweri Museveni has stated that the country will earn US$2 billion per annum once oil production starts in 2025.…
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Higher business activity in May boost optimism in Uganda’s private sector
Back-to-back expansions in both business activity and new orders resulted in Ugandan firms seeing a further improvement in performance during…
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dfcu Limited marks 60-year legacy of transforming Lives and businesses in Uganda
dfcu Limited is celebrating 60 years of operation and impactful service towards fulfilling its purpose of ‘Transforming Lives and Businesses…
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Parliament passes Shs72.136 trillion budget for FY 2024/2025
Parliament has passed the national budget for the Financial Year 2024/2025, approving a total expenditure of Shs72.136 trillion following the…
