Economy

Economy

Imports and exports both fall as trade deficit narrows in October

The Uganda goods trade deficit narrowed for the second time in three months in October as both exports and imports declined, according to data from the Bank of Uganda
Mombasa Port in Kenya
Economy

Private sector credit growth recovers in October

A gauge of the financial sector’s contribution to economic activity rose in October from a 17-month low as agriculture loans and mortgages increased further, according to figures from the Bank of Uganda
Economy

November business activity expands the most in almost 4 years

Business activity in Uganda expanded at the fastest pace in close to four years in November on improved demand, an IHS Markit survey showed on Wednesday
Apartment blocks in Nalya Housing Estate, Kampala
Economy

Consumer inflation rises to 5-month high

Uganda consumer price inflation increased for the second straight month in November, rising to its highest level in five months, boosted by a rise in core consumer prices
Statistics House, which houses the Uganda Bureau of Statistics in Kampala
Economy

Business activity improves in October

Business activity in Uganda’s private sector rose for the thirty-third month in a row thanks to an increase in new orders, according to a survey released on Tuesday
Economy

Inflation picks up a notch in October

Prices for food crops and related items, particularly fruits and vegetables, helped push Uganda consumer prices a notch higher in October and to their highest level in three months
Economy

Bank of Uganda cuts policy rate to support economic growth

The Bank of Uganda has reduced interest rates for the first time since February 2018 in a bid to support economic growth
Busy market in Kampala, Uganda
Economy

Private sector activity shrinks to lowest level in five months

Business activity in Uganda's private sector contracted in September for the second straight month to the lowest level since April, although it was above the 50.0 reading which shows that activity is unchanged, according to the latest Stanbic Bank Uganda purchasing managers’ index
A retail shopping centre in downtown Kampala, Uganda
Economy

Uganda GDP growth flat on slower taxes on products

Economic growth in Uganda failed to bounce back in the fourth quarter of 2018/2019, after a slowdown in the first three months of 2019, following slower growth in taxes on products and the services sector
A mobile phone mast
Economy

Central bank’s preferred measure of inflation eases to 14-month low

The Bank of Uganda's preferred measure of inflation eased to a 14-month low in September, a reading that gives its policy makers latitude to cut interest rates when they meet next Tuesday
The Bank of Uganda in Kampala
Previous 1…2425262728…47 Next