East African central banks are keen on anchoring inflation expectations to reduce the cost of living and attempt to comply with the elusive macroeconomic convergence conditions for a single currency regime.These include a debt-to-gross domestic product (GDP) ratio of 50 percent, fiscal deficit (including grants) of three percent of the GDP, overall inflation of eight […]
Uganda taps into Islamic banking market with entry of Salaam Bank
Uganda government’s move to pass legislation allowing Islamic banking, and the subsequent licensing of Salaam Bank, show a growing demand for Sharia-compliant financial services.Salaam, a subsidiary of a Djibouti-based lender by the same name, opened doors formally in Kampala last month, underscoring what officials said was to serve a growing niche of clients.Uganda now joins […]
New Vision Limited Profit Warning for Financial Year 2023.
The Board of Directors of New Vision Printing and Publishing Company Limited announced to Shareholders, Potential Investors, and the General Public that based on the preliminary assessment of the Company’s performance, the results of the Company’s earnings for the half year ending December 31, 2023, will be a loss position attributed to the challenging business […]
Bank of Uganda nets $339m in rare private placement debt auction.
The Bank of Uganda (BoU) has raised Ush1.3 trillion ($339 million) in a rare private placement Treasury bond auction this week, against a target of Ush1.5 trillion ($391.6 million), results of the auction showed on Thursday. The private placement bond auction was the first since June 2022. The bank typically sells government bonds monthly through […]
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Finshares Investments increasing financial markets understanding in Uganda.
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