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Tag Archives: economy

BOU: Fall in food prices lowers Uganda inflation

Bank of Uganda has reduced the Central bank Rate (CBR) to 16% to ease monetary policy for potential economic growth. BOU maintained the rediscount rate and bank rate at 20%and 21% respectively, the policy will also maintain the core inflation over the next quarters, so as to target 5% of the …

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Museveni blames poor economy on Amin

By Sarah Namulondo President Yoweri Kaguta Museveni has blamed Uganda’s poor economy on Amin’s expulsion of Indians from Uganda. He said that characters like Idi Amin disturbed the relationship between Uganda and India. The president said if the Indians were not expelled Uganda’s economy would be very far with their …

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