Uganda faces moody's downgrade Concerns rise over debt affordability and external vulnerability

Uganda faces moody’s downgrade: Concerns rise over debt affordability and external vulnerability

In a surprising turn of events, the Government of Uganda has recently experienced a downgrade in its long-term foreign-currency and local-currency issuer ratings. Moody’s, the renowned ratings agency, has lowered the ratings from B2 to B3, with a shift in the outlook from negative to stable. This news has sent shockwaves through the Ugandan population,…

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Banking industry's concerns mount as government proposes tax on loans

Banking industry’s concerns mount as government proposes tax on loans

The banking industry is facing a new wave of uncertainty as the government considers implementing a tax on loans. This development has caught the attention of financial institutions, sparking concerns and raising questions about the potential impact on borrowers, lenders, and the overall economy. The government’s proposal to tax loans stems from its desire to…

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Meteorologists forecast intense rainfall during upcoming first rainy season

Meteorologists forecast intense rainfall during upcoming first rainy season

Meteorologists are anticipating a period of substantial precipitation as the first rainy season approaches, according to reports from the our media source. The experts are predicting heavy rainfall in various regions, raising concerns about potential impacts on communities, infrastructure, and the environment. The projected heavy rain is expected to occur during the forthcoming first rainy…

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