Economy

Economy

Merchandise trade in January shrinks as election concerns take toll

The Uganda monthly goods trade deficit narrowed at the sharpest rate since 2019 in May as both exports and imports fell, most certainly due to election-related uncertainty
Export containers at a port.
EconomyPolitics & Policy

More competition, less government debt keys to lower lending rates

Report finds that interest rate spreads and interest rates were the highest in Uganda, compared to regional peers
A retail shopping centre in downtown Kampala, Uganda
AgriculturePolitics & Policy

Why maize is causing trade tensions between Kenya and its neighbours

There was confusion in the East African grain market this week after Kenya banned maize imports from Tanzania and Uganda, saying that levels of mycotoxins in maize from the two countries were above safety limits
Maize plants
Economy

Bank lending rises at fastest rate in four years

Bank lending to businesses and households grew at the fastest rate in four years in January, even as policymakers sounded the alarm over weak credit to the trade sector and several service sub sectors
Economy

Business activity rebounds from election hit

The end of the election season and preparations for a wider school return were behind a rebound in business sentiment last month, according to a monthly survey
Voters line up to vote in DR Congo's 2018 general elections
Economy

Core and overall consumer prices gain modestly in February

Inflation in Uganda rose for the third time in as many months, pushed up by a slower decline in food prices, according to data from the Bureau of Statistics
Woman selling food in a market
Economy

Central bank holds interest rates at record low, extends relief measures

Bank of Uganda said it was keeping its central bank rate unchanged and extending its credit relief and liquidity assistance measures for businesses and financial institutions for six months starting 1 April
EconomyPolitics & Policy

Uganda private sector activity drops the most since June – survey

Business activity in Uganda dropped for the first time in seven months in January due to the election period, with companies experiencing a slump in new orders and a decline in activity, according to a key survey
An industrial storage area
Economy

Private sector contraction slows, PMI shows

Uganda's private sector shrunk at a slower pace in June compared to the previous month, according to a closely watched survey of company executives
An industrial storage area
EconomyPolitics & Policy

World Bank agrees $300m coronavirus loan to Uganda

The World Bank Group said on Tuesday that its board had approved $300m in budget support for the Uganda government to boost its fight against the coronavirus and to support the economy
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