Kampala, Uganda | XINHUA | Uganda’s stock of foreign exchange reserves at end of June 2020 stood at 3.9 billion U.S. dollars, which is equivalent to 5.2 months of future imports of goods and services, the country’s central bank has said. Adam Mugume, executive director of research Bank of Uganda told …
Read More »COVID-19 causes big drop in business confidence in Uganda – Survey
Kampala, Uganda | THE INDEPENDENT | Business confidence in the country has fallen sharply for the first time since January 2017 as companies come to terms with Coronavirus (COVID -19) wave, a survey has shown. The Purchase Managers Index (PMI) for March 2020, a survey published by Stanbic bank and mainly …
Read More »BoU: Uganda enjoying trade surplus with neighbours
Kampala, Uganda | THE INDEPENDENT | Uganda is presently enjoying trade surplus with all her neighbours, according to the Bank of Uganda. Trade surplus is the amount by which the value of a country’s exports exceeds the cost of its imports. According to Adam Mugume, Bank of Uganda’s Executive Director for …
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