Economy

Economy

Uganda’s central bank cuts benchmark rate to 9.5%

Bank of Uganda said on Tuesday that economic activity is picking up and stressed the importance of private sector credit growth as it announced a cut in its policy rate to its lowest level ever
Economy

Inflation inches up on higher Kampala parking fees

The recent increase in Kampala parking rates lifted Uganda's inflation in September, according to data released by the Uganda Bureau of Statistics on Friday
EconomyEnergy, Oil & Gas

Uganda fuel imports hit 85 million litres

The majority of the petroleum products, 92%, were imported through Mombasa port in Kenya, while only 8% arrived via Dar es Salaam on the Tanzanian coast
Economy

Coffee exports rise in August

Uganda's coffee exports rose 43.7% in August compared to the same period last year, while their value increased by 56.4% year on year
Woman with a hand full of coffee beans
Economy

Liquidity ratio in Uganda’s banking sector up by 6.7% – Central Bank

The liquidity ratio in Ugandan banks has improved by 6.7%, an indication that the banking sector has adequate capital buffers
Economy

Uganda’s trade deficit narrows in July on robust export growth

The value of Uganda's exports rose 21.7% in July compared to the same period last year, figures from Bank of Uganda show
Economy

Bank credit to the private sector steady in July

An increase in loans to the agriculture and trade sectors, as well as personal loans and household loans, was responsible for the growth in bank credit to the private sector in July
Economy

Private sector growth stable in August – Markit

A survey of business managers shows that Uganda's private sector growth remained unchanged in August as both output and new orders increased for the seventh consecutive month, but with a drop registered for new export orders
A retail shopping centre in downtown Kampala, Uganda
Economy

Food prices help slow consumer inflation in August

Uganda’s annual inflation fell to its lowest level in nine months in August as a slowdown in the increase of food prices brought down the headline rate
Busy market in Kampala, Uganda
Economy

Coffee exports rise in July

Uganda earned $49.51 million in July from exports of coffee, its most valuable export commodity
Woman with a hand full of coffee beans
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