Central Bank denies Crane collapse is affecting Uganda’s financial sector

Central Bank denies Crane collapse is affecting Uganda’s financial sector

Crane’s impairment charges almost quadrupled to 50.4 billion Ugandan shillings The central bank says the collapse of Crane Bank Ltd., which is said to have been “significantly undercapitalized” after making  a loss of 12.5 billion Ugandan shillings last year caused by the economic slowdown and low commodity prices has no effect on Uganda’s economy. In a […]

Uganda registers strong raise in annual crop inflation

Uganda registers strong raise in annual crop inflation

Bank of Uganda has reported drastic raise in Annual crop inflation in the last three months. Prices of food have risen, growing inflation rate. Uganda’s rising food prices and the effects of exchange rate depreciation have pushed up the cost of living in the last three month according to Bank of Uganda. This comes at […]

Keep on Kampala streets, Mayor Lukwago tells vendors to defy Minister Kamya

Keep on Kampala streets, Mayor Lukwago tells vendors to defy Minister Kamya

The animosity between Kampala Lord, Mayor Erias Lukwago and Kampala Affairs minister, Beti Olive Kamya over management of Kampala city has reached new heights. A new war is brewing after Mayor Lukwago called ‘illegal’ the forceful eviction of vendors off the streets by Hon. Kamya so as to decongest the city. On Wednesday, the government […]