Economy
Foreign Exchange Rates in Uganda as of February 2nd, 2024
Exchange Rate Table for Uganda Shilling - Friday, 2nd February 2024 Country Exchange Rate (UGX) Rwanda 2.97 South Sudan 3.46…
Parliament Directs Committee to Scrutinize Uganda’s Escalating Public Debt
Deputy Speaker, Thomas Tayebwa, has instructed the Committee on National Economy to conduct an assessment of Uganda's public debt, addressing…
Central Banks Advised to Exercise Caution on Rate Cuts, Says IMF
As inflation declines in advanced and emerging economies worldwide, the International Monetary Fund (IMF) is cautioning against premature interest rate…
Transitioning Leadership at Bank of Uganda: Atingi-Ego’s Stewardship
Michael Atingi-Ego, who has been the acting governor of the Bank of Uganda for the past two years, is gaining…
Uganda’s Inflation Inches Up to 2.8% in January 2024
Uganda witnessed a modest increase in its annual inflation rate over the 12 months leading up to January 2024, rising…
Government Faces Billions in Losses as Labor Exports Decline
The Ugandan government suffered substantial financial losses, amounting to Shs10.4 billion in Non Tax Revenue (NTR), as the number of…
