Kampala, Uganda | THE INDEPENDENT | The Uganda Bureau of Statistics (UBOS), monthly inflation report, has revealed that the increase in the country’s annual inflation rate for the year ending February 2024, has mainly been caused by the hike in education services, especially school fees. The report indicated that the country’s …
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ABUJA, NIGERIA | Xinhua | Nigeria, Africa’s largest economy, enters the New Year amid internal and external difficulties challenging its “Renewed Hope,” with President Bola Tinubu vowing to tame stubborn inflation. The country is battling its highest inflation rates in nearly two decades. The latest data, from the National Bureau …
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Kampala, Uganda | THE INDEPENDENT | Uganda’s year-on-year average inflation rates have steadily decreased, with the reduced price increments of onions, maize flour, and sugar over the past 12 months, ending in October 2023. According to the latest report released by the Uganda Bureau of Statistics (UBOS), the average inflation …
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Projections foresee sustained economic growth, propelled by investments in the oil and gas and mining sectors Kampala, Uganda | THE INDEPENDENT | In a strategic move to stabilize the country’s economic conditions, Uganda’s central bank has opted to maintain the Central Bank Rate (CBR) at 9.5%, despite a further decline in …
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Kampala, Uganda | THE INDEPENDENT | Shareholders of BAT Uganda will walk away with 209 Shillings for each share they hold, following the approval of a total of 10.3 billion Shilling in dividends for the year 2022. In his communication to the shareholders after resolutions of the Thursday Annual General Meeting, …
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Kampala, Uganda | THE INDEPENDENT | Local gin prices are among the consumer product prices that have been the main drivers of lowering the rate at which prices increased in Uganda in 12 months ending 30th June. The consumer price indices and inflation report for the period as released by the …
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Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has opted to maintain its base interest rate, the Central Bank Rate at 10 percent despite the sustained fall in inflation since late last year. The CBR is an indicator of the cost of money to commercial banks, on which …
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Kampala, Uganda | JULIUS BUSINGE | Uganda’s annual headline inflation decreased from 8.0% for the year ended April 2023 to 6.2% for the year ended May according to data released by Uganda Bureau of Statistics Executive Director Chris Mukiza on May 31. The slowdown in inflation is largely attributed to the …
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Rome, Italy | Xinhua | Purchasing power in Italy fell by 54 percent over the last year, as high inflation, reduced trade and slower economic growth caused in part by the Russia-Ukraine crisis took their toll on the daily life of Italians, according to a new report published by Italian think-tank …
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Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda (BoU), Uganda’s central bank, on Monday left the Central Bank Rate (CBR) at 10 percent for the second time, saying it is still effective to control the rise in inflation, bring stability in lending rate, exchange rate and drive economic growth. …
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