The Central Bank on April 6th released its April 2020 monetary policy statement that among others, reduced the CBR to 8%. It also announced other measures to mitigate especially the…
In one of a kind move, Tugende, a Ugandan social enterprise that provides asset financing to informal sector entrepreneurs and MSMEs, has suspended, for two months, penalties on late repayments…
Individuals and organisations have to date donated 31 motor vehicles and UGX4.6 billion to Government of Uganda’s efforts to fight Covid-19. This is in response to President Museveni’s call to…
Following a short-lived rebound early in the week, the local currency fell to a weekly low, testing the resistance level of UGX3,800, undercut by a pickup in demand from market…
The Stanbic Purchase Managers Index (PMI) for March has recorded the first decline in business activity. This is due to the global coronavirus disease 2019 (COVID-19) pandemic which has led…
A few years back, one wonderful lady Carol, who I didn’t know personally came out suffering from Cancer. People mobilised by my friend Muhereza Kyamutetera, came together and collected money…
Uganda’s business confidence index for March 2020 has fallen to a 3-year low as the knock-on effects of Covid-19 begin to sink in. According to Bank of Uganda’s Business Tendency…
By James Byaruhanga The coronavirus continues to wreak havoc in various industries – not only in Uganda and the region but worldwide. Industries such as tourism, hospitality, logistics, production, technology,…
Car hailing service, Uber has suspended its services in Uganda following the announcement of a 14-day lockdown in Uganda that went into effect, yesterday, March 31st 2020. The statement released…
The National Social Security Fund has today 31st March 2020, announced measures to allow businesses/employers facing economic distress to reschedule their NSSF contributions for the next three months without accumulating…
