mSME Garage weekly news feed

E-commerce, commonly known as online business has not only propelled global trade but as well as local trade. Many people in Uganda are now involved in online business but succeeding in this business needs you to have constant update of perfect market information.

We therefore give you an insight of economic changes that will guide your investment decisions today.

Commercial Banks Rates

Interest rate: lending rates is currently at 22.37%

                    Time deposit rate is currently at 11.76%

Inflation rate: food inflation is currently at 18.8% but headline inflation still stands at 6.7%

Exchange rates: Buying            Selling

U.S dollar           3607.63           3617.63

GBP                    4478.51           4490.92

Euro                    3879.14           3889.89

K.SH                       34.99               35.09

  1. SH                        1.61                 1.62

Commodities: prices expected to increase further due to the falling currency as shillings depreciates

Trade minister:  Minister Amelia Ann Kyambade on Wednesday launched QNET absolute living in   Uganda and called for more investors to extend their business to Uganda.

National: Government urged to revise taxes levied on smart phones to hasten Internet access

               Government launches multi-billion market in jinja district to boost fisheries

               Multi-million Nakaseke juice plant fails to start as more industrialization demand continues

Foreign: Netherlands invest 22 million euros in Uganda to boost Argo-exports

              Korean government extends support of 900 million U.S dollars to modernize agriculture

World:  Europe markets lower, south Africa exposed stocks slump, EU offers per-Brexit trade talks

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