Economy

Digital EconomyEconomy

Remarks by BoU DG Atingi-Ego at second National Financial Inclusion Strategy launch

NFIS II aims to tackle financial exclusion and barriers to access, empower consumers through protection and education, and increase the use of affordable financial products
The exterior of a shop offering mobile money services in Kampala
Economy

Inflation edges up for first time since February

Inflation rose for the first time in ten months in November, driven by an increase in services prices, although the closely watched core consumer prices indicator was unchanged
Kampala road in Kampala on a busy day
Digital EconomyInfrastructurePolitics & PolicyTechnology sector

Uganda seeks $146mn Chinese loan for national fibre-optic project

China also funded the first three phases of the national fibre-optic backbone infrastructure project
Servers in a data centre
CommoditiesEconomyTrade

Coffee exports cool in October

Uganda's coffee exports grew at the slowest pace in five months in October
A woman harvests coffee berries in Yangambi, DR Congo
CommoditiesEconomyEnergy, Oil & Gas

Parliament passes law giving government exclusive right to import fuel

MPs said the law will break Uganda's dependence on Kenyan dealers who charge extra fees, leading to higher fuel prices
The main gate of the Parliament of Uganda in Kampala, Uganda
CommoditiesEnergy, Oil & Gas

Uganda refused use of Kenya’s pipeline in Vitol deal

Unoc failed to meet licensing requirements for certain annual petroleum sales in Kenya, operation of five service stations and a depot in Kenya
A petroleum storage facility run by the Kenya Pipeline Company
CommoditiesEconomyTrade

Merchandise exports surge in September as gold shipments rise

Trade deficit narrows to $296.4bn from $349.7bn the previous month
A cargo ship docked at the port of Mombasa on Kenya's Indian Ocean Coast, as workers prepare to load it
Economy

Lending to private sector accelerated to four-month high in September, BoU data shows

Private sector credit grew at its fastest pace in four months in September, providing a much-needed boost after a quarter in which the indicator recorded its slowest expansion since the second quarter of 2021
Overhead image of the downtown part of Kampala, with the logo of Diamond Trust Bank Uganda prominent and in the photographer's focus
CommoditiesEconomyEnergy, Oil & Gas

Vitol deal long overdue response to high Kenyan fuel prices – Museveni

President says Uganda's decision to give Vitol exclusive rights to supply fuel was to eliminate exorbitant fees charged by Kenyan middlemen
A fuel station in Kibuye, Kampala
Economy

Private sector activity slowed in October, PMI shows

Business activity in Uganda's private sector slowed in October as the services, wholesale and retail sectors reported declines, according to a closely watched survey
An overhead view of Kikuubo, Kampala's busiest market
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