Economy

EconomyPolitics & Policy

Understanding the informal sector in Kampala

The informal sector in Kampala is not black and white: it is not simply a regulatory issue and it is not a major reservoir of entrepreneurial talent. Put simply, most informal firms don’t make enough to pay tax and are unlikely to grow
EconomyPolitics & Policy

Moody’s maintains Uganda’s credit rating

Moody’s Investors Service maintained its appraisal of Uganda's debt, citing its favourable medium-term economic prospects supported by an increase in infrastructure investment
A highway in Southwestern Uganda
EconomyPolitics & Policy

Government and KCCA should step up to steer greater Kampala’s growth

Kampala's growth challenge, according to the World Bank report, is upgrading its economy by improving the productivity of its population, businesses, and industries. It must create the right kind of jobs in sectors which will encourage industrialization and economies of scale
Downtown Kampala
Digital EconomyEconomyPolitics & Policy

High lending costs to informal sector keeping credit costs up – Kasekende

Standard Chartered's socio-economic impact report estimates that its lending supported value-added of 3.5% of GDP and almost half a million jobs in 2016
Economy

Cabinet nips pension liberalisation in the bud as it endorses NSSF reforms

A cabinet sitting on Monday approved key amendments to the National Social Security Act, dealing a death blow to efforts to liberalise the pension sector
Economy

Consumer prices drop further in February

Inflation in Uganda slowed further in February to a 38-month low, driven by a decline in core inflation, the Uganda Bureau of Statistics said on Wednesday
Economy

How the Bank of Uganda conducts monetary policy

The overall objective of Bank of Uganda’s monetary policy is to achieve low and stable inflation, defined by a medium-term target of 5% of core inflation. The secondary objective is to support economic growth
The Bank of Uganda's headquarters in Kampala
Economy

Bank of Uganda cuts key rate on private sector credit growth concerns

Bank of Uganda found more room to cut its benchmark rate on concerns about sluggish private sector credit growth and the cost of loans
Bank of Uganda's head office in Kampala.
Economy

Lean times for banks’ loan growth and profits in FY17

There are no major threats to the stability of the financial system, at least as of June 2017, according to Bank of Uganda's Financial Stability Report
Economy

Private sector credit growth picks up in December

Domestic credit to the private sector rose by 6.2% in December from the same month in 2016, accelerating from November's 3.2% growth, figures from Bank of Uganda show
Bank signposts at Oasis Mall, Kampala
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