Business

BoU raises interest rate to 12% as fuel prices, shilling pressure inflation

The Bank of Uganda (BoU) has raised its benchmark interest rate from 9.75% to 12%, tightening monetary policy in response to rising inflation risks...

Minister Lugoloobi urges Ugandans to invest and re-invest to boost household incomes

Minister of State for Finance, Planning and Economic Development (Planning), Amos Lugoloobi, has urged Ugandans to engage in productive economic activities, invest, save and...

Fintech sector pushes government to establish fund for local innovation

Uganda’s fintech sector has asked the government to establish a dedicated fintech fund to finance local innovation, build technical capacity and help homegrown technology...

I&M Bank takes over former Crane Bank site as Ntinda branch opens

I&M Bank Uganda has expanded its presence in Kampala with a new branch in Ntinda, taking over premises previously occupied by Crane Bank and...

Sudhir Ruparelia: The tycoon building for tomorrow while fighting yesterday’s battle

KAMPALA — At Plot 1 Kimathi Avenue, one of Kampala’s old corporate landmarks has acquired a new owner.The former UAP Insurance building, which for...

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