Lending

Retail sales of motor vehicles increase 42% in July

Retail vehicle sales rose sharply in July on a sequential basis, largely due to pent-up demand and a greater preference for personal mobility to avoid infection and the reopening of dealerships in most States. Retail sales had plunged in April and May due to an explosive increase in covid cases …

Read More »

Bill Gross seeks to end fight with neighbor over sculpture

After hours of testimony and weeks in the spotlight on a lawn art dispute, billionaire bond investor Bill Gross has had enough. Shortly before testimony continued on Monday in a dispute over a million-dollar glass sculpture outside his Laguna Beach home, Gross called for an end to hostilities. In an …

Read More »

All banks have restructured loans except one – BoU

All supervised financial institutions except one have given some sort of credit relief to their customers as a measure to mitigate the impact of Covid-19 on the economy. The Bank of Uganda’s financial stability report for June found that only one financial institution, which the report does not mention, did …

Read More »