Uganda: Nearly Half of Bank Loans Restructured


Financial institutions have restructured nearly half of their loan portfolio, signaling the devastating effect of Covid-19 on the economy.Dr Adam Mugume, the Bank of Uganda director for research told Daily Monitor that banks by January had restructured…

Uganda Refinery Too Costly – CPI


Uganda’s decision to build a refinery has been discouraged on the basis that the facility is not only an expensive venture but also lowers the value of the East African Crude Oil Pipeline (EACOP).This is according to a report by UK-based think tank Cli…

Uganda Losing Taxes to Illegal Motorcycle Trade


Uganda is grappling with rampant smuggling of motorcycles from the Democratic Republic of Congo; the motorcycles are brought in through illegal routes on Lake Albert.The illegal trade sees several motorcycles enter Uganda through the districts that bor…

Uganda: Kampala Residential Property Prices Drop


The value and price of residential and rental properties in the Greater Kampala Metropolitan Area fell in the period ended September, according to Uganda Bureau of Statistics (Ubos).The fall, Ubos said, was occasioned by slowed activity in the general …