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Finance
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The Collective Investment Schemes in Uganda achieved their highest point in history with $1.05 billion.
The Capital Markets Authority of Uganda announced an important development in their financial investment sector. Collective Investment Schemes (CIS) end up managing $1.05 billion in assets under management, their highest point to date.
Bank of Uganda gets new governor, deputy
Uganda's currency notes will finally have a new signature after president Yoweri Museveni appointed the new governor for Bank of Uganda, three years after the position fell vacant.
Bank of Uganda Cuts CBR to 9.75%
The Monetary Policy Committee (MPC) of the Bank of Uganda has reduced the Central Bank Rate (CBR) by 25 basis points to 9.75%.
URA exceeds revenue target for August
Uganda Revenue Authority (URA) has announced a surplus in revenue collections for August, exceeding its target of sh2.3 trillion.
Uganda’s inflation remains below target of 5% as global shocks fade
Uganda central bank reduces lending rates by 25 basis points. The Bank of Uganda (BoU) has reduced the central bank rates from 10.25% to 10% following the stabilization of inflation rates below the medium target of 5%.
NSSF reaps big from from MTN, surpasses 2023/2024 targets
The National Social Security (NSSF) says it ended the financial year 2023/2024 on a good note, having surpassed their set targets.
Growing middle class boosts Carrefour’s growth in Uganda
In 2019, French supermarket giant Carrefour agreed with Shoprite Checkers Uganda Limited to take over its Shoprite franchise in the country.
Uganda’s economy to grow 6.2% in the FY2024/2025, says World Bank
The World Bank has projected Uganda’s economy to grow faster by 6.2% in FY24/25, accelerating to 7% in the medium term, driven by investments in oil and gas.
Private sector opportunities in Uganda’s budget
The Finance Ministry Permanent Secretary and Secretary to Treasury Ramathan Ggoobi has outlined budget opportunities in the UGX 72Trillion Budget for the Financial Year 2024/25, urging private sector players to take advantage of them.
Uganda unveils sh70 trillion budget, doubles funding to oil and gas
Uganda recently unveiled a sh70 trillion budget, with the country’s finance minister allocating more than double to the oil and gas sector compared to the previous years.