Uganda : economy is on a recovery trend

Uganda’s economy is on a recovery trend after facing the negative impacts of the ongoing COVID-19 pandemic. The economy grows by 3.3% in 2020/21 financial year amid COVID-19 pandemic. A recovery tagged this growth to how quickly the country and the region access the COVID-19 vaccines to limit the impact...
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Uganda : to get $1 billion IMF loan to fight Covid

The government is asking for another loan of $1 billion (Shs3.5 trillion) from the International Monetary Fund (IMF) to mitigate the impact of Covid-19 on the country’s economy, the Finance Ministry confirmed on WednesdayHowever, this comes a few months after the Auditor General (AG), Mr John Muwanga, warned that the...
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Uganda : Inflation rises to 4.1%

The Annual Headline Inflation for the year ending March 2021 is recorded at 4.1 percent compared to the 3.8 percent registered for the year ended February 2021. The increase in Annual Headline inflation is mainly attributed to the Annual Food Crops and Related Items Inflation that increased to minus 0.9...
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ech: Ugandan startup Tugende raises $3.6M to help finance VSEs and SMEs

Startup TUGENDE announced that it has raised $3.6M in funding to meet the high demand for revenue generating asset financing. Tugende is a startup based in Kampala, Uganda, which launched in 2012. Its founder and CEO is Michael Wilkerson. It uses asset finance, technology and sophisticated customer support to help very small,...
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Uganda: 2021 Roots aims to plant 40 million trees

The Ugandan authorities launched the 2021 edition of the national tree planting campaign, called Running Out of Trees (Roots), on March 21st, 2021. The second edition of this reforestation campaign aims to plant 40 million trees across the country by May 17th, 2021.  ...
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