Economy

EconomyPolitics & Policy

Finance minister downplays debt worries

The minister of finance used a hastily called press conference on Tuesday to deny that the government's borrowing is out of control, days after the auditor general's critical report to Parliament
Uganda's minister of finance, Matia Kasaija
EconomyPolitics & Policy

Public debt rises to Shs41 trillion on Hoima airport, Karuma dam loans

Uganda's public debt rose by 22.9% to Shs41.5 trillion at the end of 2017/2018 on account of loans to construct Kabaale International Airport and complete the Karuma hydropower dam
Audit House in Kampala, Uganda
Economy

Trade deficit narrows on export growth but coffee drops for 12th straight month

Uganda's merchandise goods trade position with the rest of the world improved for the second straight month in October as exports rose faster than imports, Bank of Uganda figures show
Uganda's border with Kenya at Busia
Economy

Private sector lending slows in October

Credit growth in Uganda's private sector fell to its slowest pace in three months in October as agriculture and telecommunications loans dropped relative to the previous month
Busy market in Kampala, Uganda
Energy, Oil & GasInfrastructure

Journey to oil production mired in uncertainty as govt and oil firms haggle over pipeline

By now, Uganda, Tanzania and the oil companies active in the former's petroleum sector should have finalised negotiations on the development, construction, and operation of the Uganda-Tanzania crude oil pipeline
Map showing the East African Crude Oil Export Pipeline route.
Economy

Private sector growth steady on stronger demand

Business activity in the private sector continued growing due to stronger demand
Workers on a construction project
EconomyInfrastructure

Uganda’s 2017/18 economic growth beats forecasts

Uganda's gross domestic product growth rebounded strongly in the 2017/2018 financial year on the strength of a pick-up in investments and exports, according to the World Bank
A mobile phone mast
Economy

Consumer inflation unchanged in November

The increase in Uganda consumer prices remained unchanged from the previous month in November amid stabilising food prices, data published by the Uganda Bureau of Statistics show
Woman selling food in a market
Economy

Uganda posts first trade deficit drop in 13 months in September

Ugandan imports fell back in September with the country posting the first reduction in its goods trade deficit in 13 months
An aerial photo of cargo crates
Economy

Bank credit growth jumps to highest in 32 months

Combined loans of all commercial banks grew at their fastest rate in 32 months in September 2018, thanks to credit for the purchase of non-durable goods and services, livestock and crop production, and retail trade
A supermarket aisle of fast-moving consumer goods
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