Kampala, Uganda | THE INDEPENDENT | Uganda’s central bank reduced its key lending rate by 25 basis points to 10.00% on August.07, saying inflation risks had eased somewhat and it was appropriate to reduce the degree of monetary policy restrictiveness. The decision by the Bank of Uganda comes despite a slight …
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Politicians and activists who tout the importance of work-life balance shouldn’t impose rigidity on them COMMENT | TODD G. BUCHHOLZ | Gig-economy firms and workers – or “giggers” – are like magicians and alchemists, only their tricks are real. Although physicists assure us that new matter cannot be created, the gig …
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Kampala, Uganda | THE INDEPENDENT | Headline inflation for June 2024 of 3.9 percent compared to the 3.6 percent registered in the year ended May 2024. The high inflation has resulted into the increase in prices of tilapia fish, dry soap, and chicken according to the Uganda Bureau of Statistics (UBOS) …
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Bank of Uganda chose to keep the Central Bank Rate at 10.25% for the next two months Kampala, Uganda | THE INDEPENDENT & AGENCIES |The BoU Monetary Policy Committee forecasts a lower inflation rate of between 5 and 5.4% next financial year as the shilling is expected to be more …
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Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has opted to keep the Central Bank Rate at a high 10.25 per cent for the next two months, following a renewed rise in inflation. The CBR is an indicative interest rate that the Central Bank uses to influence the cost …
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Kampala, Uganda | THE INDEPENDENT | Uganda’s increased headline inflation rate has been attributed to the soaring prices of fresh leaves vegetables and tomatoes. This is according to the Uganda Bureau of Statistics (UBOS) Consumer Price Index (CPI) report for the last 12 months ending May 2024. The report shows that …
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Kampala, Uganda | THE INDEPENDENT | The pace at which the prices of annual food crops increased has contributed to the slowdown of inflation for the last 12 months ending April, according to the Uganda Bureau of Statistics-UBOS report. The Consumer Price Index (CPI) report released by UBOS indicates that …
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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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The Independent Uganda: You get the Truth we Pay the Price