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While many welcome the move as a step towards curbing cybercrime, experts warn of potential challenges with identity verification.
Recent data from the Uganda Bureau of Statistics for March 2024 revealed a marginal decline in headline inflation to 3.3 percent from 3.4 percent in February 2024.
According to experts, the excessive manipulation of international brands and stringent government regulations have contributed to the challenges faced by foreign businesses operating in Uganda.
The streets, once deserted and shops shuttered, are now showing signs of life as businesses strive to recover from the economic turmoil inflicted by the global health crisis.
This month, the central bank highlights show that economic growth expected to pick up close to 5.3 percent with the Central Bank Rate maintained at 9.5 percent.
Senior Economist Fred Muhumuza believes this is an opportunity for Uganda to do more scrutiny in tackling shortfalls of money laundering while eyeing the 'White List'.
