Economic IMpact of Covid-19 on UGanda Archives

Bank of Uganda. The Bank has increased the Cash Reserve Requirement by 2 percentage points to 10 percent, effective 23rd June 2022. Courtesy

Non-Performing Loans Jump to UGX 783billion – BOU

The amount of money where borrowers have not made any payments for at least three months grew by 15 per cent to UGX783 billion between January and March 2020, the Bank of

July 7, 2020

Banking & Financial Services·The Big Story

Dr Elly Karuhanga. He is also the Founder President and Chairman, Governing Council, Uganda, Centre for Arbitration and Alternative Dispute Resolution (CADER) formed in 1998.

COVID-19: Private Sector Foundation’s proposals on the partial reopening of businesses and resuscitating of the Ugandan economy

By Hon. Dr. Elly Karuhanga Private Sector Foundation Uganda (PSFU) has recently held several meetings with Government and development partners in an attempt to devise mitigation measures to contain the effects of

April 29, 2020

Thought Leadership

Evelyn Atim - InsurTech Lab Lead at The Innovation Village

OPINION: Are Ugandan insurers COVID-19 ready?

By Evelyn Atim The world has suddenly woken up to the fact that our greatest strength – our interconnectedness is currently working against us. As of 15th April 2020, the number of

April 16, 2020

Thought Leadership

Cancelled bookings, empty rooms and ballooning overheads: Uganda’s tourism sector counts COVID-19 costs- and it’s just the start

Although Uganda had as of March 15, 2020, not yet registered a single case of the deadly COVID-19 top five Kampala hotels had registered a loss of an estimated USD 2,089,129 in

March 25, 2020

The Big Story

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

Banking & Financial Services·The Big Story

Uganda's Finance Minister, Hon. Matia Kasaija

COVID-19: Uganda gov’t revises growth rates from 6% to between 4.6% -5.7%; warns up to 2.6 million could relapse into poverty in worst case scenario

The Uganda Minister of Finance, Planning and Economic Development has today told Parliament that Corona Virus Disease- COVID-19 will significantly affect Uganda’s economy, so much so that up to 2.6 million could

March 19, 2020

The Big Story

COVID-19 ECONOMIC IMPACT ON UGANDA: Key figures you must know

Today, the government of Uganda released its first estimates of how deep COVID-19 could hurt Uganda’s economy. The figures released by Uganda’s Finance Minister, Matia Kasaija are based on two scenarios- namely;

March 19, 2020

The Big Story