Economy
Kenya’s Credit Rating Downgraded Again, Could Impact Investments
Fitch Downgrades Kenya's Credit Rating, Risks Market Sell-Off Fitch Ratings has further downgraded Kenya's credit rating, moving it deeper into…
Uganda Shilling Pressured by Dollar Demand and Rising Inflation
On Thursday, the Uganda shilling experienced pressure, briefly falling to 3735/3745 against the US dollar before stabilizing at 3730/3740. This…
Uganda Shilling Weakens Slightly: Treasury Bill Auction Results Revealed
KAMPALA — On Wednesday, the Uganda shilling showed a slight decline, closing at the 3724/3734 levels compared to its opening…
Uganda’s Inflation Jumps to 4% in July
KAMPALA — Uganda's inflation rate increased to 4% in July 2024, according to data from the Uganda Bureau of Statistics…
Why the Bank of Uganda Joined ‘Shining Gold Rush
When the Bank of Uganda announced its intention to purchase gold from artisan, small, medium, and large-scale miners, some players…
Uganda Proposes Gold Purchase Plan to Reinforce National Economy
Uganda is making strides towards reinstating the gold standard by proposing a purchase plan aimed at accumulating more gold to…
