Business

Indian firm to continue reviewing Umeme’s concession

Business
India’s Tata Consulting Engineers, which is currently assessing whether Umeme Limited has satisfied government’s conditions, is expected to continue with its assignment even though...

Govt, investors ready to sign US$4b Hoima oil refinery agreement

Business
Uganda is set to formally sign the contract for the construction of the US$4 billion oil refinery as early as April 10, 2018, sources...

BOU keeps key lending rate at 9 per cent

Business
Uganda’s central bank-Bank of Uganda has left its key lending rate unchanged at 9.0 per cent, saying that risks to inflation were balanced and...

BOU donated Crane Bank to DFCU -Kasekende

Business
The Central Bank-Bank of Uganda (BOU) did not sell Crane Bank but only gave it freely to DFCU Bank as, Deputy Governor, Louis Kasekende...

Mugerwa, Kasekende clash over state of economy

Business
The Uganda Bureau of Statistics (Ubos) released its quarterly GDP estimates for the final quarter of 2017, showing that real GDP grew at 6.9...
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