Economy

Economy

Inflation drops further in April, due to lower fruit and sugar prices

Headline inflation rate dropped further in April to 1.8% from the 2.0% recorded for the year ended March 2018. Drop was largely attributed to the deceleration in annual food crop inflation.
Economy

IGAD states continue consultation on free movement of persons

Sources familiar with ongoing discussions told this website that “all other countries so far consulted (except Ethiopia) have been positive” about the protocol which seeks to loosen travel restrictions within boundaries of the IGAD countries.
Economy

Africa GDP growth to strengthen in 2018, says World Bank

Economic growth is rebounding in sub-Saharan Africa with the region's GDP projected to expand at the fastest rate since 2015, according to the World Bank
EconomyPolitics & Policy

Lending growth still low despite BoU rate cuts

Bank lending to the private sector grew at a relatively restrained pace in February, even as the central bank cut its policy rate to its lowest level ever with the hope that loan approvals will increase, boosting economic growth
Bank signposts at Oasis Mall, Kampala
Economy

BoU keeps policy rate steady on low inflation and robust growth

The central bank maintained its policy rate at the same level as February 2018, saying its line with its goals of supporting economic growth and keeping inflation within target levels
Bank of Uganda's head office in Kampala.
EconomyMarketsPolitics & Policy

Crane Bank was bankrupt when taken over by BoU: Kasekende

Bank of Uganda's deputy governor Lois Kasekende says the successful resolution of Crane Bank in January 2017 is the main reason for the improvement in financial soundness indicators of the banking system last year
EconomyEnergy, Oil & Gas

Power prices for second quarter of 2018 fall slightly

Electricity tariffs to be charged by Umeme from April to June will reduce slightly following favourable changes in the dispatch of generation plants
An electricity poll
Economy

Uganda’s trade deficit hits four-month high in February

Uganda's merchandise trade deficit widened in February as imports of goods rose to their highest level in four months
Uganda's border with Kenya at Busia
Economy

Private sector expands at best rate in three months

A rise in new orders was the key driver of growth in Uganda's private sector activity in March, according to a monthly survey of purchasing executives
Export containers at a port.
Economy

Uganda’s economy grew by 6.6% in final quarter of 2017, says Ubos

A rise in output in the services and industry sectors provided the bulk of the growth in the last three months of 2017 compared to the last quarter of 2016, according to seasonally adjusted estimates from the Uganda Bureau of Statistics
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