Economy

While the public awaits the President’s decision, Kasaija’s comments suggest the central bank will remain in capable hands, with existing laws providing clear guidance on leadership succession. The Bank of Uganda’s leadership structure allows for continuity and stability, as the deputy governor can assume full responsibilities when needed.
Economy

Bank of Uganda Secure Despite Lack of Governor for Nearly 3 Years

Kenya’s exports to other African countries rose by 26% in 2024, reaching $1.93 billion, driven by increased demand for tea and jet fuel, along with stronger bilateral relations with key African markets.
Business Economy

Kenya’s Exports to Africa Increase by Over 26% in 2024

Iran’s currency, the rial, dropped to record lows following Donald Trump’s recent election win, as fears of renewed U.S. sanctions fuel economic concerns in Tehran.
Economy Markets

Iran’s Currency Falls to Record Lows After Trump Election Win

Stable Uganda Shilling Ahead of Treasury Bill Auction
Economy

Uganda Shilling Stays Stable at 3660/3670 in Friday’s Session

URA Collects UGX 28 Billion More Than Expected in August
Economy

URA Collects UGX 28 Billion More Than Expected in August

Uganda's Foreign Remittances Skyrocket to UGX 4.4 Trillion
Economy

Uganda’s Foreign Remittances Skyrocket to UGX 4.4 Trillion

The central bank’s Monetary Policy Committee will meet on August 14, 2024, to discuss the future of interest rates.
Economy

Limited Dollar Demand Stabilizes Shilling This Week

Bank of Uganda Cuts Lending Rate, Shilling Remains Stable
Banking Economy

Bank of Uganda Cuts Lending Rate, Shilling Remains Stable

Kenya's Central Bank Cuts Interest Rate for First Time in Four Years
Banking Economy

Kenya’s Central Bank Cuts Interest Rate for First Time in Four Years

Kenya's Credit Rating Downgraded Again, Could Impact Investments
Economy Kenya

Kenya’s Credit Rating Downgraded Again, Could Impact Investments

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