Business

BoU raises CBR to 9% in August to contain rising inflation

Business
Bank of Uganda (BoU) has increased the Central Bank Rate (CBR) by 50 basis points from 8.5 per cent to 9 per cent for...

Stanbic Bank bids farewell to Executive Head for Consumer and Affluent Banking

Business
It was an emotive affair, one that confirms the saying that ‘goodbye is the saddest word’ as Stanbic Bank Uganda bid farewell to their...

Corporate demand keeps the shilling on the backfoot trading

Business
The continued demand from Corporates that outweighed the supply side has kept the shilling on the backfoot trading at the 3880 or 3890 levels,...

Trade minister accused of unfair policies on rice importation

Business
Parliament has directed the Minister of State for Trade, Harriet Ntabazi to withdraw her directive on what they termed, ‘unfair trade policy on rice...

Top Finance Bank Uganda acquired by Djibouti’s Salaam African Bank

Business
Bank of Uganda has approved the acquisition of Uganda's Top Finance Bank Limited by Djibouti based bank M/s Salaam African Bank. “This is to inform...
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