Economy

CommoditiesEnergy, Oil & Gas

Why Uganda is entering exclusive fuel supply deal with Vitol

Uganda's decision to give the Dutch Vitol Group exclusive rights to supply its fuel was prompted by frustration at being kept in the dark about a similar deal between Kenya and two Gulf states
A Shell petrol station in Kampala, managed by Vivo Energy
Economy

Construction input prices growth picks up in September

Prices for construction inputs picked up in September after rising at the slowest pace in 32 months in August
Two men shovelling gravel on a construction site
Economy

Consumer inflation slows to lowest level in two years

Consumer prices down for ninth month in a row despite sharp rise in energy prices
The general grocery section of a supermarket
AgricultureCompanies

Coffee firm that pays farmers ‘competitive prices’ gets Sh3.2bn in investment funding

JKCC General Supplies says it buys coffee from rural farmers at fair prices and pays them on time, freeing them from extortionate middlemen
A woman harvests coffee berries in Yangambi, DR Congo
Economy

Economic growth climbs to four-year high

Uganda's economy grew by 5.2 per cent in the twelve months to June, according to unadjusted Ubos estimates, which is still below pre-coronavirus pandemic levels
Downtown Kampala, where wholesale and retail trade are the dominant economic activities, close to the Old Taxi Park and St Balikuddembe Market
EconomyMergers & Acquisitions

Investment survey ranks Uganda among top ten sub-Saharan prospects

Uganda is among the top ten countries in sub-Saharan Africa where companies are looking to invest or expand over the next few years
Solar panels at a power plant
Economy

Credit standards for business loans tightened in third quarter, BoU says

A central bank survey showed that commercial bank lending criteria tightened for all sectors except electricity and water utilities
The Bank of Uganda Coat of Arms at the Bank of Uganda HQ in Kampala, Uganda
Commodities

Coffee exports climb 15% in September

A strong robusta crop harvest in the south western-region boosted Uganda's coffee exports by 15% in September
Jute bags containing coffee beans in a café storage area
Banking

Two top 100 African bank rankings, same two Ugandan banks

Two rankings of the top 100 African banks in 2023 feature the same two banks from Uganda, both of which also place in the top ten for profitability
People queueing to use an ATM outside a bank
Economy

Monetary Policy Statement for October 2023: BoU’s full statement

On 5 October 2023, Bank of Uganda's Monetary Policy Committee maintained the Central Bank Rate at 9.5 per cent
Bank of Uganda's headquarters in Kampala
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