Commercial banks gave out UGX1.8 trillion in form of loans and advances in 2020 following the Covid-19 induced lockdown, a report indicates. According to the 2020 Bank of Uganda (BOU)…
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The Executive Board of the International Monetary Fund (IMF) on Wednesday, May 6th approved a disbursement of USD491.5 million (UGX1.87 trillion) under the Rapid Credit Facility (RCF) to help deal with…
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By Onyango Owor It is no news that COVID-19 has rapidly spread across the world with the World Health Organization reporting more than 2 245 872 confirmed cases and 152…
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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…
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Housing Finance Bank, one of Uganda’s top ten lenders and the biggest mortgage lender with over 50% market share, has started rolling out a credit restructuring exercise to its customers,…
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WASHINGTON, April 9, 2020—Growth in Sub-Saharan Africa has been significantly impacted by the ongoing coronavirus outbreak and is forecast to fall sharply from 2.4% in 2019 to -2.1 to -5.1%…
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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…
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“When you are faced by a prospect of famine, your first impulse should not be to go after the only planting seeds you have kept in your granary for the…
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By Dr. Sudhir Ruparelia We are entering into recession period globally and the exception is likely to be India and China with approximately 2% GDP growth in 2020 which is…
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When that Coronavirus pandemic ends, we don’t know when, the world would have recorded many deaths of human beings and companies. Many companies would have simply closed, some would emerge…
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