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Foreign reserves fall to all time low

Foreign reserves fall to all time low

High public service costs continued to weigh heavily on Uganda’s foreign reserves, resulting in a drawdown of $144.1m (Shs528.7b) in the three months to July. In detail...

Ultimate Uganda
50% of agribusiness loan requests rejected - BoU

50% of agribusiness loan requests rejected - BoU

Close to half of agricultural loan applications are rejected, data in the Bank of Uganda 2024 Annual Report shows. The report, which reviews different funds managed by th...

Ultimate Uganda
Why convicts now outnumber remandees

Why convicts now outnumber remandees

Previously, the prisons had more inmates on remand than the convicts serving their various sentences. But the trajectory has in the recent past since changed with now the...

Ultimate Uganda