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News
Bank of Uganda holds benchmark rate at 9.75% as inflation edge prompts caution
1+ hour ago (188+ words) Bank of Uganda governor, Mr Michael Atingi-Ego The Bank of Uganda (BoU) has maintained its central bank rate (CBR) at 9.75 percent, opting for a cautious monetary stance as rising energy and food prices spark potential inflationary pressures despite an improving…...
High fuel prices push Uganda’s inflation to 3.7 per cent
1+ mon, 1+ week ago (513+ words) By MARTIN LUTHER OKETCH Uganda’s annual headline inflation rose to 3.7 per cent in the 12 months to June 2026, up from 3.2 per cent recorded in May, driven by higher costs for some food items and services, particularly transport. The Uganda Bureau of…...
SMEs tasked on ethics as Top 100 survey is launched
1+ mon, 2+ week ago (416+ words) By Tom Brian Angurini Small and Medium Enterprises (SMEs) have been urged to embrace ethical business practices and sound corporate governance if they are to survive, grow and contribute meaningfully to Uganda’s economy. Speaking in Kampala yesterday at the launch…...
Economists offer mixed reactions to new budget
2+ mon, 1+ day ago (305+ words) The other leads to dependency, where commodity revenues substitute for reform, weaken institutions and create vulnerability to price shocks. Uganda’s budget suggests policymakers are aware of this risk. The document repeatedly emphasises manufacturing, technology, export diversification and regional integration rather…...
Rising public debt poses risk to Uganda’s development agenda
2+ mon, 1+ day ago (280+ words) Uganda's provisional total public debt stock increased by 21.2 percent to Shs130.22 trillion by the end of January 2026, according to Bank of Uganda By MARTIN LUTHER OKETCH Fiscal space under pressure A decade of rising debt Debt servicing largest budget item Efficient…...
Fuel costs, quarantines drive up Uganda’s meat prices
2+ mon, 2+ day ago (1394+ words) Meat prices in several cities and towns in Uganda have skyrocketed, leaving many consumers feeling the pinch.In the cities of Lira and Jinja, a kilogram of beef now costs between Shs18,000 and Shs 20,000, up from Shs 16,000-Shs 17,000 previously. In Lira,…...
Govt to tighten nuts on mining sector
2+ mon, 3+ week ago (852+ words) The government will start fingerprinting all mineral buyers in a move to tighten security, curb and improve traceability in the gold and mineral trade, the regulatory framework states. Through the Ministry of Energy and Mineral Development, the government will also…...
Concern as Middle East tensions weaken Shilling
2+ mon, 4+ week ago (966+ words) By MARTIN LUTHER OKETCH The ongoing conflict in the Middle East has contributed to a sharp weakening of the Uganda Shilling, increasing pressure on household incomes, businesses, and the country’s inflation outlook, the Bank of Uganda (BoU) has warned. Presenting…...
Labour Day: Inside Mbale park’s daily influx of young workers
3+ mon, 1+ week ago (1476+ words) At the break of dawn, before Mbale City fully wakes, the Mbale-Kampala road, which leads to Mbale-Sino Industrial Park, is already alive. Thousands of young men and women move from either direction of the road, most of them on foot…...
Ntungamo turns to fish farming to boost household incomes
3+ mon, 2+ week ago (680+ words) Ntungamo District has embarked on fish farming as one of the livelihood sectors for its people. According to the authorities, the sector will not only improve incomes but also nutrition and reduce encroachment on fragile ecosystems like wetlands. The district…...