Uganda's central bank suffers unprecedented loss

The central bank of Uganda says it made a loss of Shs 7.7 billion in the year to June 30 2003 as a result of low returns from its investments abroad.

The losses for the second consecutive year have been blamed on the poor yields on the international markets, especially in the United States of America, which adversely affected the bank's financial results, All Africa News said.

The Bank of Uganda's reports and financial statements for the year ended June 30, 2003 said business and investment

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