Browsing by Author "Oketch, Martin Luther"

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    2016: A year of declining CBR, uncertain oil prices.
    (Daily Monitor, 2016-12-28) Oketch, Martin Luther
    The sustained easing of monetary policy by the Central Bank over the past five months has seen lending rates coming down by 2.4 percentage points in Uganda's credit market. With the interest of revamping economic growth as well as lift the aggregate demand in the economy; Bank of Uganda (BoU) has been easing monetary policy since April 2016 by one percentage point.
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    Agriculture grows economy.
    (Daily Monitor, 2026-03-19) Oketch, Martin Luther
    Agriculture has emerged as a key driver of Uganda's economic growth, supporting expansion across multiple sectors and sustaining livelihoods for millions. Its contribution continues to shape the overall performance of the economy, not only through direct output but also by supplying raw materials that feed into industry and stimulate activity in the services sector.
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    Finance raises 2026/2027 budget to Shs78 trillion
    (Daily Monitor, 2026-02-27) Oketch, Martin Luther
    The Ministry of Finance, Planning and Economic Development has revised the resource envelope for the Financial Year2026/2027 to Shs78.249 trillion, without altering the priorities set out in the National Budget Framework Paper.
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    Government rejects IMF calls for higher taxes on the rich
    (Daily Monitor, 2017-10-13) Oketch, Martin Luther
    The International Monetary Fund argues that taxing the rich people would reduce the high level of income inequality.
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    Govt posts Shs20b revenue surplus in January
    (Daily Monitor, 2026-02-20) Oketch, Martin Luther
    Uganda’s economy showed strong resilience in January 2026, recording a modest revenue surplus that eased pressure on government borrowing, according to the report by the Ministry of Finance. Planning and Economic Development.
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    Govt secures Shs11b boost to expand clean energy access
    (Daily Monitor, 2026-05-04) Oketch, Martin Luther
    The Uganda Energy Credit Capitalisation Company (UECCC) has secured a concessional credit facility worth sh11.1b, which will be channeled through Absa to support companies operating in the clean energy space.
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    Middle East conflict puts pressure on the shilling.
    (Daily Monitor, 2026-03-09) Oketch, Martin Luther
    After months of relative stability, the shilling is beginning to feel pressure from the conflict in the middle East. Investors are shifting funds toward safer global assets, while exports worth $5.27b or 41.7 percent of Uganda's total export earnings, remain under threat.
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    Reduced prices of sugar lower inflation rate
    (Daily Monitor, 2018-05-01) Oketch, Martin Luther
    A reduction in Sugar prices coupled with good weather conditions that resulted in low food prices, pushing the inflation rate down to as low as 1.8 per cent compared to 2.9 per cent in October 2014. The development means that the public expenditure on food related items is not as high as it was four years ago.