Economy
Uganda Shilling Stays Stable at 3660/3670 in Friday’s Session
The Uganda shilling remained stable during Friday’s trading session, holding firm at the 3660/3670 levels throughout the day. According to…
URA Collects UGX 28 Billion More Than Expected in August
(Kampala) - The Uganda Revenue Authority (URA) has reported a surplus in revenue collections for the month of August 2024.…
Uganda’s Foreign Remittances Skyrocket to UGX 4.4 Trillion
Uganda has witnessed a major rise in remittances from its citizens living abroad, marking a 7.6 percent increase. In 2023,…
Limited Dollar Demand Stabilizes Shilling This Week
Shilling Steady Amid Low Corporate Activity and Tax Payments On Tuesday, the Ugandan shilling traded within a narrow range of…
Bank of Uganda Cuts Lending Rate, Shilling Remains Stable
The Bank of Uganda has reduced its benchmark lending rate from 10.25% to 10%, citing a decrease in domestic inflation.…
Kenya’s Central Bank Cuts Interest Rate for First Time in Four Years
On Tuesday, Kenya's central bank reduced its main interest rate for the first time in four years. The bank's monetary…
