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Inflation dropped to 3.0% in Uganda
KAMPALA, Uganda-Uganda’s Annual Headline Inflation has dropped to 3.0% compared to 3.3% registered in December the new Inflation report from the Uganda Bureau of statistics has revealed. The decline in the Inflation according to Ubos is attributed to attributed to the drop of the Annual Core Inflation to 2.6% compared to 3.0% registered in December […]
MARKETS: The shilling closed the week strong against USD
KAMPALA, Uganda-The Uganda shilling was unchanged against the U.S dollar at last week’s close, supported by hard currency inflows from commodity exporters amidst waning importer and interbank demand. The USDUGX duet was detained within the 3685/3705 levels. This week, market sentiment alludes to a relatively stable pair as mid-month tax payments offer support to the […]
KenolKobil acquires 33 Delta Petroleum outlets in Uganda and Rwanda
Oil marketer Kenol Kobil has acquired 33 service stations from each of Delta Petroleum Uganda and Rwanda by an asset sale. Delta Uganda is an oil marketing company in Uganda and has agreed to sell 23 retail outlets spread across Uganda. Delta Rwanda is also in the oil marketing business and has a network comprising […]