Business

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 ...

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 ...

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 ...

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 ...

During its last trading session last week, the Ugandan shilling remained on the back foot, touching the technical levels of 3605/3615. The shilling received pressure from substantial demand for dollars from commercial banks, the energy and manufacturing sectors. There seemed to be a similarity between the local unit trend and its peers in the region. The Kenyan and Tanzanian currencies ...