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Dec 31 results
12:56
12:56

Inflation Rose Slightly in September food inflation 1

However, food inflation declined to 9.6 percent in September from 11.7 percent in August, driven by decline in prices of fruits. Nsubuga says despite the decline in food inflation, food prices generally continue to remain high.
07:52
07:52

Investments in Infrastructure Should Benefit Ugandans – Mweheire budget 1 2

Patrick Mweheire, the Chief Executive Officer of Stanbic Bank Uganda, welcomed the fact that expenditure on power generation and roads network would lead to cheaper electricity and passable roads and propel the country to an export-lead economy.
15:40
15:40

Food Prices Bite Hard in Karamoja inflation 2 1

Maize grain which is the major staple food has shot from 1800 to 2800 and from 2000 to 4000 shillings for second and first class grains. Cassava flour has jumped from 1000 to 2000 while rice goes at 5,000 from 3,500 shillings per kilogramme in December.
09:57
09:57

Experts Predict Rise in Bank Lending Rates bank of uganda

Razia Khan, Standard Chartered Banks Chief Economist for Africa, says they forecast that due to the rise in inflation in September to 7.2 percent from 4.8 percent year-on-year, the central bank is likely to increase the CBR from 16 percent to 17 percent.
16:44
16:44

Bank of Uganda Foresees Risky Economy Ahead high inflation 1

The Bank of Uganda has maintained its Central Bank Rate (CBR) â€"the rate of interbank lending - at 11 saying this is appropriate for delivering core inflation at five percent and capable of supporting real economic growth.
07:00
07:00

Consumer Lending Rises By 38 Percent inflation 3

Figures released by Bank of Uganda (BOU) indicate that households borrowing from commercial banks increased by 38percent from a decline of 13percent in 2012. Dr Louis Kasekende, the deputy BOU Governor, while releasing the Monetary Policy Statement for February 2014, noted that for the first time, there had been increase in credit to households, and that this would boost demand.
17:04
17:04

January Inflation Edges Up Slightly Due To Food Prices souring food prices 2

Uganda experienced a 6.9percent rise in prices in January 2014 due to food price pressures, figures from the Uganda Bureau of Statistics (UBOS) released today have revealed. Food prices rose by 11.1percent compared to 9.2percent recorded in December 2013. Dr Chris Mukiza, Director Macroeconomics at UBOS, said this was because of reduced supplies in the market compared to what it was in December 2013.
16:44
16:44

Economy Grows As CBR Is Maintained At 12% inflation

For a second successive month, the Central Bank will maintain the Central Banking Rate at 12% partly to curb the slow rising inflation and sustain a buoyant economic growth.
11:47
11:47

Inflation Drops Further Down To 4.5%, But Prices Remain High ubos 1

The irony is that when inflation was increasing, prices of goods and services skyrocketed with traders and service providers claiming they needed to match prices with rising inflation. But now when inflation has reduced drastically, they have refused to reduce prices, leading to suggestions of greed and lack of government control.
14:12
14:12

BOU Predicts Brighter Economic Outlook, Reduces CBR to 17% inflation

The governor attributes the brighter economic outlook to declining inflation from 18% in June to 14.3% in July, stagnation in the domestic credit and aggregate demand, stability of the foreign exchange rate and decline in global and local commodity prices.
12:08
12:08

Little Change in CBR as Inflation Falls by 0.6% bank of uganda

There was a marginally small fall in inflation from 18.6 percent in May to just 18.0 percent in June, according to the latest figures from the Uganda Bureau of Statistics (UBOS). In its report for June, UBOS also announced that the economy grew by 2.4 percent in the last quarter of the just ended financial year 20111/12.
18:19
18:19

Ugandans Brace for Expensive Christmas inflation

Although downtown Kampala is abuzz with people, traders say the volume of sales is quite low compared to last year. On Wednesday, the shilling traded at about 2350 to the dollar, a big drop from about 2900 shillings over a month ago. It is not yet clear why prices of imported goods, including fuel, have remained high, and in some cases have actually shot up, despite the strengthening shilling.
11:46
11:46

BOU Raises Bank Rates to 23% central bank

Tumusiime Mutebile told a press conference on Tuesday, that the increase is intended to control run away inflation and to boost the local currency.
16:48
16:48

UPC Challenges BoU, Gov't on Inflation

The Uganda People’s Congress has criticized the Bank of Uganda for increasing its lending rates to commercial banks, saying the tough monetary stance is not good for business.
17:43
17:43

Economic Analyst Criticizes 2011/2012 National Budget. inflation

A senior economic analyst and Makerere University don, Professor Augustus Nuwagaba has criticized the 2011/2012 national budget that was passed by parliament on Thursday.
17:32
17:32

BOU Urged To Heighten Economic Supervision To Curb Inflation

The escalating financial meltdown in the country has to be reigned in through prudent monetary policies and economic supervision other than just targeting the lending rates, according to an economist.
11:39
11:39

Elderly Persons In Hoima Urge Government To Set Uniform Commodity Prices economic crisis

Elderly persons in Hoima district are demanding that government sets up uniform prices for essential commodities across the country.
17:56
17:56

BOU Raises Central Bank Rate To Tackle Inflation bank of uganda

Bank of Uganda has tightened the monetary policy this month by raising the Central Bank Rate – CBR by 2 percentage points to 16 percent to fight the increasing inflation rate.
Dec 31 results