Uganda’s central bank has decided to keep its main lending rate unchanged at 9.75 per cent for the fourth time in a row, as the country continues to monitor global …
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Bank of Uganda
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Ugandan Shilling, Zambian Kwacha to Strengthen on Export Gains
In recent weeks, currency traders across Africa have been closely watching movements in local markets, with particular focus on the Ugandan shilling and the Zambian kwacha. Both currencies are now …
- Eastern AfricaEconomyGOVERNMENTTrade and Commerce
Uganda Boosts Foreign Reserves to $4.3bn on Strong Exports
Uganda’s foreign exchange reserves have seen a major increase, jumping from $3.2 billion to $4.3 billion within one year. This rise represents about a 33% growth, giving the East African …
- BusinessFinance & ServicesFintechSales StrategyTelecommunicationsUGANDA
MTN Uganda to Split Mobile Money Arm into New Fintech Company to Meet Regulations, Attract Investors
MTN Uganda has announced a major restructuring plan that will separate its mobile money business, MTN MoMo, from the main telecom operations. The new move is aimed at turning the …