Uganda, May 21 -- Global rating agency Moody's on Friday downgraded Uganda's rating to B3 from B2, citing diminished debt affordability and increasingly constrained financing options, which forced the... Read More
Uganda, May 21 -- Commercial banks' annual financial results for 2023 have shown that banks in Uganda maintained strong capital buffers and bagged some profits, although some registered losses. Banks... Read More
Uganda, May 20 -- The Petroleum Authority of Uganda (PAU), the oil sector regulator, has reaffirmed that commercial oil production will start in the fourth quarter of 2025. Uganda announced the disco... Read More
Uganda, May 15 -- Bank of Uganda (BoU) has said the heightened growth in non-performing loans has made financial institutions to slow down lending to the private sector. The slowdown, thus, Bank of U... Read More
Uganda, May 10 -- Absa Bank Uganda is urging Small and Medium Enterprises (SMEs) to consider venturing into international markets to expand their businesses. The bank believes this will provide SMEs w... Read More
Uganda, May 9 -- Uganda Revenue Authority (URA) has said it will examine challenges associated with implementing digital tax stamps, which manufacturers say have increased the cost of business. Speak... Read More
Uganda, May 6 -- A survey by Stanbic Bank indicates that the business environment improved in April, signaling a renewed upturn in the health of the private sector. The monthly survey, which intervie... Read More
Uganda, May 3 -- The foreign exchange market for this week has indicated that the Uganda shilling appreciated against the US dollar this week supported by remittances inflows and earnings from commodi... Read More
Uganda, May 2 -- Prices of major goods are beginning to increase again, threatening a recovery in purchasing power and economic growth. In the 12 months to April, Uganda Bureau of Statistics (Ubos) d... Read More
Uganda, April 29 -- At least three-thirds Uganda's coffee is exported by just 10 companies, according to Uganda Coffee Development Authority (UCDA). Data contained in the monthly UCDA Coffee Report i... Read More