L-R: Equity Bank Uganda Executive Director, Claver Serumaga, Equity Group Managing Director and CEO, Dr. James Mwangi and Equity Bank Uganda Managing Director, Gift Shoko, during the Quarter One 2025 Investor Briefing event.The lender
Uganda’s construction sector recorded a mild rise in inflation, with the annual rate edging up to 0.6% in the 12 months ending April 2025, up from 0.5% in March, according to the latest Construction Input Price Index (CIPI) released by the Uganda Bureau of Statistics (UBOS).The increase,
Uganda and the United Nations High Commissioner for Refugees (UNHCR) have issued an urgent appeal for international support as the country faces a steep rise in refugee arrivals amid a deepening funding crisis.In a joint statement released on May 30, the Government and UNHCR warned that un
The price of brown sugar has soared across Uganda, with consumers and traders alike feeling the pinch of global supply disruptions and erratic weather that has battered production in leading sugar-exporting nations.A kilogram of brown sugar now sells for between Shs5,500 a
A new report has revealed that more than 700,000 Ugandans have remained unemployed for over a y
The National Resistance Movement (NRM) Parliamentary Caucus will meet at State House Entebbe on Friday, May 2, 2025, at 12pm.The meeting was confirmed by Denis Hamson Obua, the Government Chief Whip and Chairperson of the NRM Parliamentary Caucus, who stated, "This serves to inform you tha
Henry Musasizi, Minister of State for Finance, presented the seven Tax Bills to Parliament’s Finance Committee, outlining the government’s strategies to boost revenue amidst economic pressures.The Ugandan Ministry of Finance has proposed significant tax hikes
President Museveni named Michael Atingi-Ego as Bank of Uganda Governor yesterday. "We trust his leadership will strengthen our financial systems," Museveni said during the announcement.Michael Atingi-Ego grew up h
Monthly headline inflation for February 2025 surged by 0.6%, more than doubling the 0.3% recorded in January 2025.The cost of living in Uganda has experienced a notable rise, with tomatoes and fresh leaf vegetables emerging as the primary contributors to monthly
Metaplanet, a Japanese public company, has recently decided to boost its Bitcoin holdings as part of its strategy to manage economic challenges. The company raised 4 billion yen (around $26.39 million) by issuing ordinary bonds to EVO Fund, a debt and financing
