Tag: Bank of Uganda
Gold exports see 21 per cent rise in the first half of the year; Ugandan government threatens to suspend public transport and COVID-19 vaccine trials now slated to begin in December - these are the stories making headlines in Uganda and CNBC Africa spoke to Kenneth Agutamba, Analyst and Chief Strategist at Impact Communication Stratégies for more.
In a letter from the Central Bank Governor, Bank of Uganda has threatened to cap the interest that commercial banks can charge borrowers, after the industry failed to reduce loan rates in response to cuts in benchmark rates. David Walakira, Policy Analyst and Development Economist joins CNBC Africa for more.
KAMPALA (Reuters) - Uganda’s central Bank (BoU) has threatened to cap the interest that commercial banks can charge borrowers, after the industry failed to reduce loan rates in response to...
The Bank of Uganda has reduced its key interest rate by one percentage point to 8 per cent in efforts to mitigate the effects of the COVID-19 pandemic. Analyst Charles Bwogi joins CNBC Africa to discuss movements shaping the Ugandan market.
Bank of Uganda (BoU) held its last Treasury Bills (T-Bill) auction of 2019 on December 18th to raise $59.96 million. However, the previous bill auction had an underwhelming performance in terms of amount raised with the Central Bank only managing 88.07 per cent of the amount offered. Also last week, trading turnover dropped by 36.36 per cent to 23.81 relative to $37.28 million the previous week. Oscar Emasu, Research Analyst at Crested Capital joins CNBC Africa for a review on how the money market faired this year.
South Africa's Foreign Direct Investment (FDI) in Uganda increased to 1.3 in 2018 from $803 million dollars in 2017, according to figures. In a recent business summit, both countries committed to forge more partnerships and enhance trade. To discuss this as well as Bank of Uganda’s Annual report, Analyst, Charles Bwogi joins CNBC Africa.
The Bank of Uganda is considering purchasing about $1billion to service external debt and other government imports of goods and services in the 2019/2020 financial year. However, analysts warn that this might put more pressure on the local currency and erode the gains it has made lately. For a better understanding, Analyst Charles Bwogi joins CNBC Africa.
Last week in the Monetary Policy Committee (MPC) meeting, Bank of Uganda moved to maintain the Central Bank Rate at 10 per cent. Economic growth in Financial Year 2019/2020 is projected at 6-6.3 per cent supported by the accommodative monetary policy that resulted in stronger growth in private sector credit, expansionary fiscal policy and multiplier effects of public infrastructure investments. Oscar Emasu, Research Analyst at Crested Capital joins CNBC Africa for more.
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