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Tag Archives: Okumu

Town battles of 2021

Politicians making moves in Arua, Mbarara, Jinja, Masaka Kampala, Uganda | IAN KATUSIIME | Arua. Mbarara. Jinja. Masaka.  By 2021, these Ugandan towns could be cities if the ongoing developments in parliament are anything to go by. Cabinet discussed the issue of new cities last year and these major towns …

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Why Bank of Uganda has cut CBR to 10%

  Says revamping the economy will depend on government spending Kampala, Uganda | Julius Businge | The Central Bank has once again lowered its indicative lending rate, the Central Bank Rate, in a bid to push commercial bank rates down and spur private sector borrowing in the next three months. …

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Banks optimistic of a better year

BoU cut its central bank rate from 13% in October to 12% in December to stimulate economic activities As 2017 business starts commercial banks are optimistic that the sector will register a surge in profitability on the back of improving economy and a reduction in Non-Performing Loans. Speaking to The …

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