MTN has noted that it has faced losses in their South Sudan unit. The South Africa-based multinational mobile telecommunications company, operating in 17 African countries had its officials in the East African country note that “We have made losses since we started operating in 2011” – This was a statement by MTN Sudan‘s head of […]
The Central Bank raised the lending rate by 1% moving it to now 17% as a way to control the rising inflation in the country’s economy. Announcing the new CBR yesterday, the central bank governor, Prof, Emmanuel Tumusiime Mutebire said, the bank’s forecasts based on the prevailing domestic and external economic conditions and outlook indicates that […]
With the continued depreciation of the local currency against the dollar, among other foreign currencies since the beginning of this year, which in turn has caused high inflation on the economy, the Central Bank has deemed it fit to raise the Central Bank Rate (CBR) by 1% point to 13% for the month June 2015 as an intervention […]
The Uganda Bureau of Statistics has registered a slight increase in Inflation for the first time in several months. The latest figures put the inflation rate at 4.9 percent up from 4.5 percent in October 2012. The Bureau blames the increase on the hike in food prices registering an increase of 7.5 percent compared to […]
The governor bank of Uganda, Tumusiime Mutebile has announced that annual headline and core inflation fell sharply to 11.9% and 11.5% respectively in August this year from 14.3% and 15.4% in July. There was also a sharp fall in annual non food inflation from 19.1% in July to 16.0% in August which in previous […]
The Uganda Bureau of Statistics has released its latest market research indicating that annual headline inflation has reduced tremendously. UBOS today released its monthly market report indicating that the annual headline inflation rate for the year ending January 2012 dropped to 25.7% from 27.0% recorded for the year ended December 2011. Releasing the report in Kampala, the director macro economics statistics, Dr. Mukiza Chris states […]
FDC leader, Col. Kiiza Besigye has promised to continue with his anti government protests in the New Year until the current inflation, political persecution of opposition members and politically motivated arrests ends. Besigye’s remarks comes after the police in Kampala told the media yesterday that the FDC president will continue to be under their surveillance […]