Economy

Economy

Fuel prices push inflation higher in May

Headline inflation edged up in May as energy and transport costs climbed sharply amid higher global oil prices
Several white fuel tankers bearing "Danger Petrol" signs parked on a dirt lot at a storage depot in Jinja, Uganda, under a blue sky.
Economy

Bank of Uganda’s Monetary Policy Statement for May 2026 — Full text

Monetary Policy Committee keeps rates on hold for a seventh consecutive meeting but raises its inflation outlook as fuel costs begin feeding through
The oil and chemical tanker Petrel Pacific moored at a terminal during twilight, discharging ballast water.
Economy

Private sector picks up pace in April despite fuel-driven cost pressures

Uganda's private sector expanded for a 15th month as the PMI rose to 55, though rising fuel costs and a declining BTI weighed on firms
Entrance to the personal banking section of a bank
CommoditiesEconomy

Softer global prices weigh on March coffee export revenues

Uganda posted higher coffee export volumes in March, but revenues declined as global prices eased on improved supply expectations
A detailed shot of the coffee brewing process, showing golden-brown bubbles forming on saturated grounds in a manual pour-over dripper.
Economy

Rising energy prices push inflation higher in April

Inflation rose to 3% in April as fuel and transport costs increased, highlighting growing energy-driven price pressures
Kampala road in Kampala on a busy day
Economy

February’s bond rally fades as 10-year yield jumps 100 basis points

Uganda's 10-year bond yield rose a full percentage point in two months, partially reversing February's contraction even as investor demand hit exceptional levels
The Bank of Uganda's headquarters in Kampala
EconomyEnergy, Oil & Gas

Uganda set to outpace region as IMF flags oil-driven growth surge

IMF forecasts place Uganda among the world’s fastest-growing economies as oil production nears, even as risks rise across sub-Saharan Africa
An inland oil rig
EconomyEnergy, Oil & GasPolitics & Policy

US blockade of Iran ports deepens global oil uncertainty after Hormuz standoff

US blockade of Iranian ports raises risks for oil supply, fertilisers and global trade flows
A US Coast Guard cutter sails alongside a sleek, smaller unmanned surface vessel in open blue water, with a large commercial tanker visible on the horizon.
EconomyOpinion

Errors in Africa ratings expose deeper flaws in global credit assessment

Errors in a leading Africa credit report expose weaknesses in analysis, reinforcing mispricing of risk and strengthening calls for a regional rating agency
A Standard & Poor's sign on a building in New York City
Commodities

February coffee exports rise sharply as volumes climb despite softer prices

February coffee shipments increased significantly, with arabica gains offsetting softer prices amid a more favourable global supply outlook
Rows of filled burlap coffee bags prepared for export shipment, showing company branding, stacked in a warehouse.
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