Based on the data released by Uganda Bureau of Statistics (UBOS), economic growth is projected to average about 6.3 percent over the next five years. This growth is mostly being attributed to a rise in public investments, increasing growth in consumption, and improved agricultural productivity, which is largely tied to favorable and consistent weather conditions.… Continue reading A peek into the future of Uganda’s economy
A good number of people have lost their property to banks because of failure to fully understand the terms of payment, not until it's too late. This failure has not only affected the borrower, but also banks in terms of Non-Performing Loans. (These result when borrowers aren't able to payback their loans within the required… Continue reading Bureau to stop banks from attaching borrowers’ property
In today's article, I put into perspective the recent move by the Central Bank of Uganda of reducing the CBR in order to jumpstart the economy. Enjoy the read... In the past months, Uganda's economy has experienced a massive slowdown in its growth. A number of events have played a significant role in this economic… Continue reading Will a reduction in the CBR jumpstart Uganda’s economy?