Economy

Economy

Bank lending growth signals gradual recovery

Lending growth climbed to its highest level in seven months in December, an indicator that economic activity is gradually recovering from the impact of the coronavirus pandemic, according to Bank of Uganda statistics
Economy

Business activity rises to 8-month high as economy reopens

A gauge of Uganda private sector activity rose to its highest level in eight months, a sign that the economy is regaining momentum following the relaxation of Covid-19 restrictions
A teacher and pupils in a classroom
Economy

URA revenue collections increase

Uganda's revenue collection increased 7.3 per cent in the last six months of 2021 - rising by Shs690.6bn compared to the same period a year earlier
Containers at Mombasa Port in Kenya
Economy

Inflation slows in January as transport costs drop

Declines in transport costs, resulting from the relaxation of Covid-19 lockdown measures, and the prices of alcohol, tobacco, and narcotics led to a fall in Uganda's inflation in January
Shops in Kampala's Old Taxi Park.
Economy

Stronger demand and rising orders spark employment growth

Uganda's private sector posted its fourth month of consecutive growth as strong orders incentivised companies to increase staffing levels for the first time in six months
Female worker in a garments factory
Economy

Consumer prices rise at fastest pace in eight months

Uganda's inflation rose to an eight-month high in November, largely due to price increases for food crops and the operation of personal transport equipment
Market vendors in Uganda wearing masks to protect against Covid-19 coronavirus
EconomyPolitics & Policy

The World Bank and IMF are using flawed logic in their quest to do away with the informal sector

Recent reports by the World Bank and the IMF claim, wrongly, that informal economies undermine efforts to boost tax income and economic growth
Economy

Coffee exports rise in September

Ugandan coffee exports rose in September amid a bump in robusta yields, according to the Uganda Coffee Development Agency
Coffee berries on plant
Economy

Central bank keeps rate unchanged, flags volatile economic and financial conditions

The Bank of Uganda kept its key policy rate unchanged to provide more economic stimulus amidst volatile demand, sluggish private sector borrowing, and the effects of coronavirus restrictions to key sectors
Containers at Mombasa Port in Kenya
Economy

Business recovery from Covid-19 and election uncertainty continues apace

Private sector activity gauge rises for the third straight month in April, jumping to its highest level in 15 months
An industrial storage area
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