Economy

Economy

Bank of Uganda keeps policy rate on hold as inflation eases

The central bank on Thursday kept its policy rate unchanged, stating that its current policy stance aligns with its inflation outlook and supports economic growth
The Bank of Uganda Coat of Arms at the Bank of Uganda HQ in Kampala, Uganda
Economy

Private sector lending rises to six-month high in August

Credit to Uganda's private sector rose to a six-month high in August as the economy continued a slow but steady recovery path, the central bank said on Tuesday ahead of its policy rate meeting
Entrance to the personal banking section of a bank
Economy

Private sector activity edged higher in September

A key gauge of activity in Uganda's private sector edged up in September, after slowing in August, as agriculture swung to an expansion to ensure that all the five sectors covered by the survey improved
Economy

Inflation slows further in September

Inflation slowed sharply in September, with the headline indicator falling to a 22-month low due to a slowdown in underlying price pressures
Assorted grains and pulses in a market
Economy

Cost of construction index falls to 30-month low

Construction input price index, a measure of the change in the cost of materials and services used in construction, grew 1.9% in the year to July 2023, down from an increase of 2.7 per cent in June 2023
Apartment complexes in Nalya, a suburb in Kampala, Uganda's capital
CommoditiesOpinion

How we can make the most of Africa’s strategic green minerals

How can Africa make sustainable and strategic use of its green mineral reserves while increasing its economic autonomy?
Electric car charging
Economy

Economy surges in second quarter

GDP growth picked up strongly in the second quarter of the year due to increased activity in the mining and quarrying sub-sector and the services sector
An inland oil rig
Commodities

Coffee exports hit record high in August

Coffee exports surged to a record high as exporters unloaded stockpiles to take advantage of high global prices, boosted by a bountiful harvest in the south-western region
Overhead image of shipping containers in a port
BankingEconomy

BoU deputy governor’s speech at the launch of Islamic banking in Uganda

Deputy governor says Islamic banking will promote financial inclusion and expand product range
A group photo of Salaam Bank and Bank of Uganda officials in the Central Bank's boardroom
Economy

Fitch holds Uganda’s credit rating at B+, expects little impact from anti-gay law fallout

Ratings company says impact of the anti-homosexuality law on government budget is manageable
The offices of the ministry of finance and economic development in Kampala
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