Business

Uganda’s economy beats forecast, grows by 6.5% in 2021

Uganda’s economy grew by between 6.5 and 7.0 per cent in 2021, beating projections due to effects of Covid-19 restrictions, Bank of Uganda (BoU)...

How closure of Commercial Banks sealed Kasekende’s chances of succeeding Mutebile

Dr Louis Kasekende, the former Bank of Uganda (BoU) deputy governor, has no chance of bouncing back to that institution as Governor, following the...

SEACOM takes over Africell assets in Uganda

SEACOM, the pan-African telecommunications service provider, has announced it will acquire selected infrastructure assets from Africell in Uganda. The acquisition marks a significant step...

Supreme Court orders BoU to pay Sudhir, return Crane Bank

Supreme Court has dismissed Bank of Uganda’s appeal against Sudhir Ruparelia and Meera Investments, and ordered the central bank to directly pay costs at...

Housing Finance Bank, Airtel Uganda partner to launch ‘Quick Loan’

Airtel Mobile Commerce Uganda Limited (AMCUL), the provider of affordable and secure Airtel money platform, has partnered with Housing Finance Bank Uganda and digital...

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