Economy

Economy

GDP growth slows in Q4

Uganda's economy posted its slowest growth since early 2017 in the three months to the end of June as the trade and repairs sub-sector contracted while expansion in manufacturing and education cooled down.
A mobile money kiosk in downtown Kampala. Credit: Edgar Batte/Uganda Business News
Economy

Uganda’s private sector shows strongest growth since 2016

Activity in Uganda's private sector recorded its strongest growth in October since the start of a monthly survey of 400 purchasing executives, supported by rising customer numbers and improving demand
Economy

Inflation slows down for second straight month in October on lower food and energy prices

Uganda's annual inflation rate, measured by the consumer price index, continued falling in October reflecting a slowdown in the prices of food and energy items, according to figures from the Uganda Bureau of Statistics
Woman selling food in a market
Economy

Consumer prices slow slightly in September but core inflation hits 12-month high

Uganda's annual consumer price inflation fell slightly in September, the first decline in four months, largely because of a slowdown in the annual food crops and related items inflation rate.
Busy market in Kampala, Uganda
Economy

Bank lending growth robust despite hitting the brakes in July

After growing at its fastest rate in 28 months in June, bank lending slackened in July, driven by drops in year on year lending to the telecommunications sub-sector and mortgages
Bank signposts at Oasis Mall, Kampala
Economy

Private sector PMI reflects trade “disruptions” in August

Uganda's private sector recorded its slowest growth in four months in August, dampened by declines in conditions in agriculture and wholesale and retail
Shops in Kampala's Old Taxi Park.
Infrastructure

Eight Chinese, European consortiums bid for $1bn Kampala-Jinja road deal

Eight consortiums of mostly Chinese and European companies on Monday submitted bids to the Uganda National Roads Authority for pre-qualification to construct the proposed Kampala-Jinja Expressway.
The Entebbe Expressway, which was officially launched this year
Economy

Communication taxes and old car ban push up August inflation

The Uganda Bureau of Statistics said Friday that the consumer prices index 12-month rate rose for the third straight month in August, mainly because of rising prices for services, particularly communication and transport.
Taxi park in Kampala
EconomyPolitics & Policy

Bank of Uganda holds primary rate constant

The Bank said the decision is consistent with its neutral monetary policy stance and is in line with keeping core inflation close to the medium-term target of 5% while supporting economic growth
Bank of Uganda officials during the Monetary Policy Press Briefing
Economy

Uganda’s trade deficit widened in June at fastest rate in four months

A decrease in exports even as imports increased was responsible for the widening of Uganda's trade deficit in the month of June, according to data from the Bank of Uganda.
Uganda's border with Kenya at Busia
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