Economy

Economy

Uganda confirms first coronavirus case and seals off borders

A 36-year-old man who arrived into the country from Dubai on Saturday morning is the first confirmed positive case of the Covid-19 coronavirus in Uganda, the ministry of health said
Coronavirus: Flyers at an American airport wearing facemasks
Economy

Coronavirus: Bank of Uganda announces mitigation measures, to intervene in foreign exchange market

The Bank of Uganda has announced plans to ensure that banks and credit institutions continue to operate effectively as coronavirus roils the economy, and that it is engaging telecom companies and commercial banks to reduce transaction fees and charges
The Bank of Uganda in Kampala
EconomyPolitics & Policy

Coronavirus: Uganda restricts travel abroad and public gatherings, to close schools

Uganda will close schools, restrict public gatherings and travel abroad in order to limit the spread of the coronavirus, which has not yet been confirmed in the country, President Yoweri Museveni announced Wednesday in a national address
Uganda's President Yoweri Museveni
EconomyPolitics & Policy

Coronavirus will hit vulnerable households particularly hard

For vulnerable families, lost income due to an outbreak can translate to spikes in poverty, missed meals for children, and reduced access to healthcare far beyond COVID-19
Coronavirus: Flyers at an American airport wearing facemasks
Economy

February coffee exports rise at fastest rate in 28 months

Uganda's coffee exports grew at the fastest rate in 28 months in February as a good harvest in the central and eastern regions led to an increase in production, according to Uganda Coffee Development Authority figures
Branches of a Coffee Tree
Economy

Bank lending firms up in January, but interest rates rise

The portfolio of commercial bank lending to the private sector, a measure of the financial sector's contribution to economic activity, firmed up in January, according to central bank data
Apartment blocks in Nalya Housing Estate, Kampala
Economy

Private sector activity falls to 5-month low on coronavirus supply disruptions

Uganda's private sector expanded at its slowest pace in five months in February as the coronavirus outbreak affected the supply of goods from China, according to a survey of purchasing managers' activity released on Wednesday
Mombasa Port in Kenya
Agriculture

Second wave of locust invasion can be stopped early — here’s how

The current locust invasion in East Africa has caused significant damage in pastoral regions, where the pests have devoured pasture and tree leaves. They are now reaching some of the major maize growing areas where they are likely to cause a lot of damage to the crops
An invasion of locusts in the Somali region of Ethiopia
Economy

Consumer prices unchanged in February

Uganda consumer price inflation held steady in February as core consumer prices stayed flat, suggesting inflationary pressures remain muted and in line with the Bank of Uganda's most recent assessment
Economy

Climate change to lead to more insect and pest invasions

Studies show that insect-pest related yield losses for maize, rice and wheat are expected to increase by between 10% and 25% for each degree Celsius of warming. The impact will be huge
Desert locust swarm in Kenya
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