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Tag Archives: Atingi-Ego

Saving for bad times

Earn it, keep it and sustain it Kampala, Uganda | THE INDEPENDENT | The current fragile economic situation is an opportunity for people and businesses to embrace a saving culture to be able to sustain growth of their enterprises and social wellbeing, financial sector experts have said. “Earn it, keep it …

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Accountants told to explore FinTech opportunities

But Africa remains the most concerned region about consumer protection and cybersecurity risks | THE INDEPENDENT | Accountants now need to take advantage of the possibilities that come with FinTech given that the latter provides products that are solving actual problems, according to the Bank of Uganda Deputy Governor Michael …

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Tough times ahead as inflation rises to 9%

This is the 6th straight month it is rising causing anxiety in the interest rate market  Kampala, Uganda | JULIUS BUSINGE | Inflation, as measured by the Consumer Price Index for Uganda for the 12 months to August 2022, increased to 9.0%, up from 7.9% registered in July 2022, according …

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Inaugural Financial Inclusion forum

BoU Deputy Governor urges financial sector players to leverage digitization to kindle demand for financial services | THE INDEPENDENT | How can we leverage advancements in digitalization to spark the demand for financial services by people at the bottom of the pyramid, and thus increase access to and usage of …

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Banks to unveil Shs1tn export credit facility

It will boost manufacturing and bridge the funding gap to the sector that holds great potential for Uganda’s growth Kampala, Uganda | THE INDEPENDENT | Uganda’s commercial banks are planning to provide Shs1trillion in export credit facility to help local manufacturers boost their access to the regional markets. Sarah Arapta, …

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INFLATION: BOU raises CBR to 8.5 percent

Kampala, Uganda | THE INDEPENDENT | Bank of Uganda has decided to raise the Central Bank Rate by a percentage point to 8.5 percent as part of emergency measures against the spiraling inflation. This was decided at Tuesday’s emergency Monetary Policy Committee meeting called by the Central Bank Deputy Governor, Michael …

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