Bank of Uganda Archives

FDI GROW BY 35% ACCORDING TO BANK OF UGANDA

Posted on January 4, 2023 by Gambeta News

The growth, the Central Bank noted in the state of an economy report for December 2022, was an increase of 35 percent compared to the previous quarter ended September supported by increased activity in the oil sector. Bank of Uganda also reported an 18 percent slowdown in capital outflows to $227.6m (about Shs845.8b), signaling a return of investor confidence. The outflows, the Central Bank has previously indicated, were putting pressure on the shilling, which had…

UGANDA REDUCES LENDING RATES TO 9.5%

Posted on October 4, 2017 by Gambeta News

Bank of Uganda reduces lending rates to 9.5%, to help boost private sector credit growth. Aiming at stimulating the economy and boosting private sector lending, Uganda’s Apex bank, Bank of Uganda have reduced the Central Bank Rate (CBR) from 10% to 9.5%. This reduction have been confirmed as the lowest the country have known since 2011, as the government targets stabilization of its market using short term interest rates. Here is a statement from the…