BoU increases lending rate to double digit figure amidst rising inflation
The Bank of Uganda has increased the Central Bank Rate (CBR) to 10 per cent amid low economic growth fuelled by rising inflation.
While releasing...
Stanbic PMI: Improving demand supports private sector growth
The headline Stanbic Purchasing Managers’ Index posted 51.6 in September, up from 50.5 in August and the highest in five months as business conditions...
Game Store closes business in Uganda
Game Stores, a South African retail store has announced that it has started on a process of exiting the Ugandan market.
In a statement issued...
NSSF, Mastercard award Shs5.9 billion seed funding to Ugandan businesses
The National Social Security Fund (NSSF) in partnership with Mastercard Foundation has awarded Shs 5.9 billion seed funding to an additional 78 Ugandan small...
Pesapal upgrades core system to accelerate payment security
Pesapal has upgraded its Application Programming Interface (API) to Pesapal 3.0, allowing for the delivery of enhanced security features as well as an improved...
