The Bank of Uganda (BoU) has opted to hold its Central Bank Rate (CBR) steady at 9.75% in its May 2025 Monetary Policy statement, citing a resilient domestic economy and broadly contained inflation, but warning of heightened global uncertainties and a shifting balance of risks that could push inflation upwards in the near term. The Monetary Policy Committee (MPC), chaired by Governor Michael Atingi-Ego, emphasized that while inflation remains below target and growth remains firm, there is increasing concern over the potential for inflationary pressures to build up if economic activity accelerates beyond current supply capacities or if global disruptions…
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Stanbic Bank Uganda has maintained a strong growth momentum in the first half of 2024 posting a profit of UGX 236 billion on its income statement. This represents a 17.6 percent growth compared to the UGX 200 billion earned in the first half of 2023. Stanbic’s stellar half-year performance was largely backed by the Group’s revenue which remained well diversified with non-interest revenue in fees, commissions and trading revenue contributing 43.2% to the total pool of revenue. This was further supported by drop in credit impairments driven by improved asset book and recoveries after write off. The bank also recorded growth…
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As the world continues to evolve, the advent of artificial intelligence (AI) has sparked a transformation across various sectors, including healthcare, agriculture, and education. As Ugandans embrace and understand AI more with each passing day, the question arises: what do leading AI platforms think about the country’s potential and challenges? In this exploration, I engaged with Meta AI, Perplexity AI, and ChatGPT to uncover their perspectives on what they think about Uganda’s economic performance, potential and whether we will become a middle-income country by 2050. Question 1: What Do You Know About Uganda? META AI: Uganda, located in East Africa,…
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Equity Bank Uganda Limited in partnership with KPMG and Daily Monitor has officially launched the 2024 Uganda Top 100 SME survey campaign under the theme: ‘Empowering SMEs for a Monetized Uganda: Catalysing Growth through Innovation, Sustainability, and Market Access.’ The campaign seeks to identify Uganda’s fastest-growing and medium-sized companies that demonstrate business excellence and showcase some of the country’s most successful and powerful entrepreneurship stories. The campaign targets SMEs with a turnover of UGX 360 million to UGX 25 billion engaging them in a 3-month survey which will culminate in a gala dinner in December. Equity Bank’s participation as the…
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Bonus veren siteler, online bahis dünyasında popülerliğini artıran ve kullanıcılarına çeşitli avantajlar sunan platformlardır. Bu makalede, en iyi bonus kampanyalarını ve incelemelerini bulabilir, deneme bonusu veren siteler hakkında detaylı bilgi edinebilirsiniz. Hangi bahis sitelerinin en yüksek deneme bonusu kampanyalarını sunduğunu öğrenmek ve en avantajlı fırsatları kaçırmamak için bu yazıyı mutlaka okumalısınız. Ana Noktalar Bonus veren sitelerdeki en avantajlı kampanyaları inceleyin Deneme bonusu veren siteler arasında karşılaştırmalar yapın Yüksek bonus veren bahis siteleri hangileri? En güvenilir bonus veren siteleri nasıl belirleyebilirsiniz? En iyi bonus kampanyalarından nasıl faydalanabilirsiniz? Deneme Bonusu Veren Sitelerin Avantajları ve Dezavantajları Deneme bonusu veren siteler, online bahis ve…
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By Patrick Kagenda A two day forum organized by the World Bank ended March 13,2014 in Kigali Rwanda where the World Bank,in collaboration with H.E. Paul Kagame, the President of Rwanda, hosted the forum with a theme Higher Education for Science, Technology and Innovation: Accelerating Africa’s Aspirations. The high level event that was telecast live via www.livestream.com/worldbankafrica, brought together ministers of education and higher education, and experts from the academia and the private sector. The forum highlighted the critical role that science, technology, and innovation can play in shaping Africa’s future in the 21st century, and drew attention to priorities…
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Silvia Nyambura In fulfilling part of its corporate social responsibility, Vivo Energy the distributers of Shell products in Uganda has introduced a road safety education program to raise awareness in a bid to reduce road carnage. The program which it is running in partnership with the Uganda traffic police , schools and Safe Kids Uganda aims at training over 2400 boda boda riders and school children in a bid to inculcate a road safety culture among them through increased awareness. Vivo Energy MD Hans Paulsen said 1.3 million people die in road accidents annually on a global scale while Uganda…
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By Our Reporter Following what transpired in a stakeholders meeting held on February 25, 2014 at Imperial Royale Hotel during a meeting which the Permanent Secretary and Secretary to the Treasury had recommended in an earlier meeting to consider the proposals in the Retirement Benefits Sector Liberalization Bill to enable concrete proposals to be made on the Clauses of the Bill on which stakeholders had concerns, Keith Muhakanizi has now come out to clear the air on what is being said that the bill had been withdrawn from parliament. In a document circulated to media houses Muhakanizi says, “I want…
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By our Reporter The UK`s Department for International Development (Dfid) has given a financial boost of £1m (about Ushs.4billion) to 12 districts in North and Eastern Uganda to improve food and incomes among 1,600 farmers and Send a Cow Uganda (SACU), a local NGO with over 25 years experience in livelihoods improvement across the country will implement the three year grant. According to the Send a Cow Executive Director, Esther Nalubwama Ssempebwa, the money will be used to help families intensify agricultural productivity through sustainable organic farming, livestock production, animal traction, start up seed, and promoting gender equality. According to…
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By Our Reporter According to a just released Wealth Report compiled by Knight Frank on wealthy individuals in Africa, the number of multi-millionaires in Africa will grow at a faster rate than anywhere else in the world over the next 10 years. The report says Africa also leads the way in Knight Frank’s Luxury Hotspot research, which identifies the areas of growth for luxury brands over the next ten years. The number of Ultra High Net Worth Individuals (UHNWIs) (individuals with more than US$30m or more in net assets) across the world has grown by 59% since 2003, but in…
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