Economy

Economy

Rise in consumer prices moderates in May

The pace of the rise in Uganda's consumer prices moderated in May, reflecting a year on year decline in the prices of food crops and related items
Market vendors in Uganda wearing masks to protect against Covid-19 coronavirus
Economy

Little coronavirus effect on demand for Uganda’s coffee

Exports of coffee, Uganda's most valuable locally produced export commodity, increased in April compared to the same month last year but declined from March due to logistical issues caused by the lockdown
Coffee Beans in Jute
Economy

Goods imports, exports fall to record lows

Uganda's goods imports dropped at the sharpest rate since May 1999 in March, leading to the narrowest merchandise trade deficit in 12 months, according to data released by the central bank
Containers at Mombasa Port in Kenya
Economy

Bank lending growth falls to four-month low in March, but still strong

Bank lending to businesses grew at a robust pace in March, measured by the indicators' trend growth over the past two years, according to figures from the Bank of Uganda
A retail shopping centre in downtown Kampala, Uganda
Economy

Uganda receives IMF loan to stave off coronavirus impact

The International Monetary Fund said on Wednesday that it had approved a $419.5m (Shs1.6 trillion) loan to Uganda to help combat the economic fallout of the Covid-19 coronavirus pandemic
The offices of the Ministry of Finance in Kampala.
Economy

Business activity shrinks at fastest rate on record in April

Business activity in Uganda's private sector shrunk at the fastest pace on record in April, according to a survey, playing up the economic impact of the lockdown instituted to check the spread of the coronavirus and the global Covid-19 pandemic
Economy

Consumer inflation rises moderately in April as prices of food staples increase

Uganda consumer prices rose moderately in April due to an increase in the prices of food staples, as measures implemented to check the spread of the coronavirus disrupted supply chains and drove up demand
Maize plants
Economy

Coffee export growth continues apace

Uganda's coffee exports grew strongly in March compared to a year earlier, figures from the regulator showed, but declined from the previous month due to a fall in prices
Woman with a hand full of coffee beans
Economy

Central bank details key debt relief measures to ease coronavirus hit

The measures include the opportunity to pause loan repayments, the chance to extend maturity dates of loans, and other forms of debt restructuring set out by the law. The central bank has also suspended the prepayment of loan arrears as a condition for debt restructuring
Workers on a construction project
Economy

Private sector lending slows in February

Annual growth in bank lending to the private sector rose at its slowest pace in three months in February on a decline in loans to the transport and communication sector
A female person using a smart phone
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