Uganda Revenue Authority (URA) has commended Ugandans for enduring COVID-19 pandemic and other global crises that affected the economy and paying obligated tax fares, marking the Financial Year 2021/22 collection…
The Uganda shilling caught a breather in the early part of week but edged lower against the resurgent dollar at close of week as demand picked up mainly from the…
In a bid to curtail inflation, the government of Uganda, through the Bank of Uganda (BoU) has increased the Central Bank Rate (CBR) by 1 percentage point to 8.5%. At…
Bank of Uganda, the financial services sector regulator has announced that WorldRemit Money Transfer (U) Limited has stopped offering the money remittance business that it is well known for. “Pursuant…
The Uganda shilling was set to end the week mostly flat, a bit firmer cushioned by tight liquidity conditions mainly on account of end year corporate tax obligations that sucked…
Justice, Prof. Lillian Tibatemwa-Ekirikubinza, of the Supreme Court has today dismissed Bank of Uganda’s attempts to hold on to Crane Bank Limited and ordered that the company be returned to…
The Uganda shilling edged lower against the dollar as the market remained pressured by mainly offshore demand and pockets of demand from energy and manufacturing sectors. Trading held in the…
Bank of Baroda (Uganda) Limited has announced that it will be paying its shareholders the final dividend for the year ended December 31st 2020 following receipt of the necessary regulatory…
The Uganda shilling continued to battle a range of headwinds surrendering gains post Bank of Uganda intervention. Foreign portfolio disinvestment was the main driver of the currency weakness during the…
15 Ugandan banks have signed onto the TradeClear platform to ease and boost interbank trade within the country. TradeClear is an interbank trading platform managed by financial services company Frontclear…