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Uganda Shilling Dips to 3700 Before Closing Slightly Stronger

Uganda Shilling Briefly Hits 3700 Due to Dollar Demand and Tight Liquidity

(Kampala) - The Uganda shilling fluctuated during Wednesday's trading session, briefly hitting the 3700 mark before closing at 3685/3695, amid strong…

The Uganda shilling weakened against the US dollar on Monday due to increased corporate demand, especially from the energy sector, and a lack of significant dollar inflows.

Shilling Drops as Energy Sector Leads Demand

(Kampala) - The Uganda shilling weakened on Monday as corporate demand increased, particularly from the energy sector, following the completion…

Matia Kasaija New Law Protects Borrowers from High Interest Rates

Interest Rates for Moneylenders Capped at 2.8% Per Month

(Kampala) - The Ugandan government has set a maximum interest rate for moneylenders to curb exploitative practices targeting individuals in…

Qatar Airways Boeing 777 Freighter (Image: Qatar Airways) E-Commerce to Triple Air Freight Demand by 2043

E-Commerce to Triple Air Freight Demand by 2043

(Seattle) – Boeing’s latest World Air Cargo Forecast 2024 predicts a doubling of global air cargo traffic by 2043, driven…

Agriculture Drives Uganda’s Livelihoods, but Challenges Persist, Says UBOS Report

Agriculture has long been the backbone of Uganda’s economy, deeply entwined with its history, culture, and livelihoods. The recently concluded…

A four-story building in Dar es Salaam's Kariakoo market collapsed, leaving five dead, dozens injured, and many still trapped as rescue efforts continue.

Five Dead, Dozens Injured in Dar es Salaam Building Collapse

(Dar es Salaam) - At least five people have died and dozens were injured after a four-story building collapsed in…