Tag Archives: inflation

Jinja residents spent most of yesterday in running battles with security personnel over the fuel protests and against rising cost of living. Roads were blocked using logs and burning tyres in the city as they demanded to intervene. They wanted the government to bring down the prices of fuel and other basic commodities. The Uganda People’s Defence Forces and police ...

Hon. Ssemujju Nganda has said the Covid-19 crisis was more serious to the president than the ongoing inflation in the country. He says the number of meetings that were held during Covid have not been witnessed this time round. “You have a President who cares when he wants to and sometimes he forgets that he has to care. During COVID ...

Leader of opposition in parliament, Hon. Mathias Mpuuga has said Dr. Kizza Besigye is absolutely right in what he is doing. Besigye has been striking over the high commodity prices in the country. However, he has been jailed for the same cause on several occasions. According to Mpuuga, he is better than people watching the situation without lifting a finger ...

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 ...

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 ...