Economy

Economy

Consumer prices jump, closing door on interest rate cuts

Consumer prices rose in January on higher transport and other service costs, pushing up the core inflation gauge preferred by policymakers
Statistics House in Kampala, headquarters of the Uganda Bureau of Statistics
BankingEconomy

BoU releases more information on EFC Uganda depositor payout

Bank of Uganda on Tuesday released more information on how depositors of the liquidated microfinance EFC Uganda Limited can access their funds
An EFC Uganda Ltd branch. The microfinance deposit-taking institution was closed by the Bank of Uganda on 19 January 2024 for failing to meet minimum capital requirements and for what the regulator called “poor corporate governance.”
BankingEconomy

Strong economy to boost bank lending, deposits in 2024, says BMI

Improved economic conditions and lower lending rates are expected to increase demand for bank credit, in contrast to last year when loan growth slowed
BMI predicts that loan growth in 2024 will be driven by personal and household loans, borrowing from the agriculture sector, and the construction sector.
BankingCompaniesEconomy

Bank of Uganda shuts down EFC Uganda, takes control

Bank of Uganda shut down the microfinance institution on Friday, citing failure to meet minimum capital requirements and 'poor corporate governance'
An EFC Uganda Ltd branch. The microfinance deposit-taking institution was closed by the Bank of Uganda on 19 January 2024 for failing to meet minimum capital requirements and for what the regulator called “poor corporate governance.”
EconomyProperty

Kampala property market improves on robust economy

Market could have performed even better, but demand for prime housing and large office space from oil and gas sector fell short of expectations
Mirembe Business Centre, office building on the Lugogo bypass, Kampala, managed by Knight Frank Uganda
CommoditiesEconomyTrade

Coffee exports down on poor Elgon arabica crop

Coffee exports fell for the second consecutive month in December, with arabica shipments down due to a small crop in the Elgon region and rains that delayed drying of new harvests
A woman harvests coffee berries in Yangambi, DR Congo
EconomyOpinion

The conceptual roots of the debt crisis in the Global South

Growing debt crisis in the Global South largely the result of a flawed multilateral system, and also reflects inadequacies of the dominant analytical and policy frameworks
A map displayed in a shop in the US shows pins and currencies left by visitors from around the world. Based on the number of pins on the map, it seems that most visitors are from the United States, followed by Western Europe.
Economy

Economic activity gauge jumps as demand grows

A measure of private sector activity rose to a six-month high in December as an increase in demand led to a rise in new orders and output
An overhead view of Kikuubo, Kampala's busiest market
Economy

Kampala metro house prices see biggest rise since 2021

In the last quarter of 2023, house prices in the Greater Kampala Metropolitan Area experienced their largest increase since Q2 2021
Blocks of flats in Bukasa, Makindye Division, Kampala
Economy

Inflation flat in December, but core rate up for first time since February

Inflation was flat in December, although core prices, which are more closely monitored by policymakers, accelerated for the first time since February
A passenger bus terminal in the centre of Kampala. The terminal accommodates buses that carry passengers on long journeys, mostly to western Uganda. It is one of several bus terminals, with most terminals attracting buses travelling to a particular region.
Previous 1…1011121314…47 Next