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TodayMonday, April 27, 2026

Coronavirus disease (COVID-19)

Bank of Uganda Governor, Tumusiime Mutebile has today cut the Central Bank rate to a record low 8% and reiterated a raft of measures to bail-out liquidity stressed financial institutions. Banks have also been given headroom to restructure loans on a case-by-case basis

Bank of Uganda cuts CBR to a record lowest 8% over Covid-19

Bank of Uganda (BoU) has today, April 6th, 2020, in the April 2020 Monetary Policy Committee (MPC) meeting reduced the Central Bank Rate (CBR) by 1 percentage point to 8 percent. The
April 6, 2020
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Covid-19 related travel restrictions, has reduced occupancy at Sheraton Kampala Hotel down to 3% forcing the hotel to send on paid leave most of their employees. The hotel however says it does not envisage staff terminations in the near future.

COVID-19: Sheraton and Hotel Africana severely hit by Covid-19; send most staff home

Sheraton Kampala Hotel one of Kampala’s top hotels has sent down most of its staff on paid leave as Covid-19 related restrictions have severely diminished business at the hotel. In an interview
March 29, 2020
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The UGX65 trillion Woman. Former Uganda Revenue Authority (URA) Commissioner General, Doris Akol. In her 5 years at URA, the hardworking and honest Ms. Akol, grew tax revenue by 83% from UGX9.7tn to UGX 16.6tn- cumulatively collecting UGX65tn.

COVID-19: Uganda Revenue Authority grants various amnesties and extensions for filing key corporate taxes and payment of penalties

In a bid to ease COVID-19 related pressures on taxpayers, Uganda Revenue Authority has announced, it will allow various amnesties, extensions for filing tax returns and penalties. In the announcement made today,
March 24, 2020
Amos Nzeyi, is a Ugandan businessman, entrepreneur, and industrialist. He is the Executive Chairman for Crown Beverages Ltd and former Chairman, Uganda Manufacturers Association

COVID-19 ECONOMIC EFFECTS ON UGANDA: An open letter to president Museveni from businessman, Amos Nzeyi

First of all, I would like to thank you and your cabinet- for the courageous leadership thus far- especially the decisions announced on March 18th 2020 which among others include the decision
March 21, 2020
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Bank of Uganda Governor, Tumusiime Mutebile has today cut the Central Bank rate to a record low 8% and reiterated a raft of measures to bail-out liquidity stressed financial institutions. Banks have also been given headroom to restructure loans on a case-by-case basis

Bank of Uganda to support banks against COVID-19 related complications; should they occur

A day after the ministry of finance warned that COVID-19 related complications could borrowers from trade, tourism, transportation, and construction sectors experience difficulties in repayments, thus worsening banking industry non-performing loans from
March 20, 2020
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President Museveni addresses the country on the Corona Virus. He ordered schools, religious gatherings, political gatherings and travel to class 1 corona affected countries banned. He also vowed to defeat corona

COVID-19: Uganda gov’t shuts schools, religious gatherings and entertainment places; bans travel to and from highly infected countries.

Uganda is yet to register its first coronavirus case, but President Yoweri Kaguta Museveni has made a proactive move to close schools, suspend religious worship gatherings, entertainment get together as well. The
March 18, 2020

 

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