Finance
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How Uganda’s retirement benefits sector hit UGX 25.4 trillion, boosting GDP to 12.2%
Uganda’s retirement benefits sector has achieved remarkable growth, with its total value rising to UGX 25.40 trillion in 2024 an…
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Businessman’s loan saga exposes Uganda’s credit challenges
A Ugandan businessman’s struggle to secure a fair loan valuation has shed light on the barriers to accessing affordable credit…
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Museveni orders probe into UGX60 billion bank of Uganda heist
President Yoweri Museveni has directed an investigation into the theft of UGX 60 billion (about $16 million) from the Bank…
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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…
