Economy

Economy

Private sector credit growth hits 39-month high in further sign of recovery

Bank lending in Uganda accelerated to a 39-month high in April, according to central bank statistics, on a rise in loans to manufacturing and trade
Signboards of banks at Oasis Mall in Kampala.
Economy

Uganda posts largest trade deficit on record

Uganda posted a record merchandise trade deficit in April as imports strongly outpaced exports, Bank of Uganda figures show
Export containers at a port.
Economy

Private sector activity hits four-month high

Uganda's private sector activity expanded to a four-month high in May on a rise in new business, according to a survey of business managers
Downtown Kampala
Economy

Consumer inflation falls in May

Consumer prices fell slightly in May compared to a year ago after rising in April, said the Uganda Bureau of Statistics
EconomyPolitics & Policy

Uganda exports to Rwanda hit hard by border closure

The ongoing standoff between Uganda and Rwanda, which saw the latter closing its borders in late February, has hit Ugandan exports to its south-western neighbour, recent data show
Presidents Yoweri Museveni and Paul Kagame at State House, Entebbe, in March 2018.
InfrastructureOpinionPolitics & Policy

Getting the right institutions in place to run Africa’s rapidly growing cities

Historically, cities have been the drivers of productivity and engines of economic growth. But urbanisation in many sub-Saharan African countries is not delivering the benefits of people and firms clustering together
Downtown Kampala
Economy

Trade deficit falls as exports grow at fastest rate since March 1995

Uganda's merchandise exports surged in March on a spike in gold shipments, bringing down the merchandise trade deficit to its lowest level in fourteen months
Shipping containers on a container ship
Economy

Bank lending firms up in March

Growth in bank lending to the private sector was unchanged in March on an annual basis, but posted the fastest monthly rate in six months, Bank of Uganda figures show
A retail shopping centre in downtown Kampala, Uganda
Economy

IMF sees favourable prospects for Uganda, calls for more social spending

The IMF is optimistic about Uganda's prospects over the next five years but says more social spending is needed to fight unemployment among youths and women
An aerial photo of the Karuma hydropower project
Economy

Private sector bucks Rwanda border crisis with strongest growth in three months

Stronger customer demand drove up new orders for Ugandan companies last month, and helped to mitigate the effects of a border dispute with Rwanda as business activity rose to a three-month high
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