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Economy
Setback Strikes Uganda’s Thriving Tourism Sector After Park Attack
In an unfortunate incident on October 17, 2023, two tourists and their guide lost their lives in Queen Elizabeth National…
Coffee and Gold Drive Uganda’s August Exports to 2.5 Trillion Shillings
On Wednesday, October 18, 2023, the Ministry of Finance, Planning and Economic Development in Uganda released a report on the…
Money in Circulation Increases by 487 Billion Shillings in Uganda
In a recent report from the Bank of Uganda, it has been revealed that the amount of money in circulation…
Ugandan Banks See Steady Asset Growth in 2022/2023, Despite Concerns
The Bank of Uganda has released its annual report for the Financial Year 2022/2023, revealing notable developments in the country's…
Uganda’s Foreign Exchange Reserves Decline to $4 Billion in June
Uganda's foreign exchange reserves, which are the foreign assets held by the country's central bank, stood at $4.074 billion in…
Bank of Uganda Reports 5.1% Depreciation of Uganda Shilling
The Uganda shilling experienced a 5.1% depreciation against the US dollar in the fiscal year 2022/23, as revealed by the…
