The Conversation
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CNBC Africa
Uganda’s central bank may cap commercial bank interest rates
KAMPALA (Reuters) – Uganda’s central Bank (BoU) has threatened to cap the interest that commercial banks can charge borrowers, after the industry failed to reduce loan rates in response to cuts in benchmark rates, according to a letter from its governor. The BoU cut its Central B...
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Voice Of America
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CNBC Africa
Uganda growth to sink as low as 0.4% this year – World Bank
KAMPALA (Reuters) – Ugandan economic growth is set to plunge to as low as 0.4% in 2020 from 5.6% last year as the coronavirus crisis batters the east African economy ahead of presidential elections set for 2021, the World Bank found. The pandemic is expected to hit tourism, expor...
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Voice Of America
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The Conversation
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The Conversation
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