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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 ...

Christian faithfuls from different walks of life have flooded Namugongo to celebrate Martyr’s day. It’s the first time in two years that the country is celebrating this day as it is. Covid-19 had interfered with most of the public gatherings including such gatherings since 2020. Clearly, the nation had missed such huge gatherings looking at the turn up of people ...

The government spokesperson Mr Ofwono Opondo has come out to reveal why he thinks Besigye decided to revive his political career. Apparently, this is due to the failure of NUP. The National Unity Platform overshadowed FDC as the majority Opposition party after the 2021 General elections. The Kamwokya-based party had a slogan of “We are removing a dictator.” However, up ...

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 ...

The MP for Kimaanya Kabonera in Masaka Hon Abed Bwanika has come out to say that the COVID-19 pandemic is being used as a scapegoat for the detoriating economy in Uganda. This is because the economy was already spiraling down even before the emergence of the pandemic. Bwanika however concurred with President Museveni saying that the pandemic and Ukrainian-Russian crisis ...