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Uganda Public Debt Stands At Shs73.5 Trillion

Uganda Public Debt Stands At Shs73.5 Trillion

At the close of December 2021, the public debt stock stood at Shs73.5 trillion. Shs45.72 trillion of that is the total amount of external debt while the domestic debt amounted to Shs27.8 trillion. Matia Kasaija, the Finance Minister said the rise in debt could mainly be associated to the need to support the economy and preserve the welfare of households ...

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Bank Of Uganda Increases Lending Rate To 7.5%

Bank Of Uganda Increases Lending Rate to 7.5%

As inflation notably grows, Bank of Uganda has decided to increase the lending rate to 7.5% for all those borrowing. The Deputy Governor, Michael Atingi-Ego explained that recent developments in the world have seen inflation rise rapidly and that this is spreading broadly across the basket of consumer goods and services. He said this through a statement on Thursday. “The ...

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Forex Trading Tips For Beginners: How To Create A Trading Plan

Forex Trading Tips For Beginners: How To Create A Trading Plan

Forex trading can be a profitable venture for experienced and novice traders alike, but it’s important to remember that success in the market doesn’t come easy. Before you start trading, it’s crucial to develop a trading plan that will help you make informed decisions when taking positions in the market. This blog post will discuss some tips for creating a ...

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List Of Money Lending Companies In Uganda For Instant Loans

Quick loan / Loans In Uganda

Getting instant loans in this era has become much simpler. The number of money lending companies and micro-finance firms in Uganda is growing as an extremely fast rate. As a result, identifying the best lender for you can be a bit of a challenge. Especially with fraudulent lenders existing almost everywhere and ready to rip you off. There is a ...

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Shilling Loses Against The Dollar For First Time In Two Years

Experts Foresee More Headwind For The Shilling

Between April 2022 and May 20th, 2022, the shilling has depreciated against the dollar by 3% according to Bank of Uganda. This has happened for the first time in over two years, the shilling losing ground against the dollar. Earlier this week, Dr Adam Mugume, the Bank of Uganda director of research had an interview. During the interview, he said ...

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