Sanctions against Russia could weaken Uganda shilling-BOU
The Bank of Uganda has warned that the heightened uncertainty in the financial markets due to sanctions on Russia could weaken the Ugandan shilling. In the monetary policy statement for April, the Bank’s Deputy Governor Michael Atingi-Ego says advanced economies are expected to tighten conditions to contain escalating inflation. This he says drive financial flows […]
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60 people charged with being idle
Over 60 people have been charged and sent on remand at Luzira prison for being public nuisance in the city. They have been arraigned before Kampala City hall court and denied the offences of common nuisance. These were arrested between 11th and 12th April 2022 from different streets of Kampala City Centre. Prosecution says all […]
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