Economy

Economy

Coffee exports up 26.5% year-on-year in April

Uganda exported 326, 232 60-kilo bags of coffee worth $39.36 million in April, figures from the Uganda Coffee Development Authority show.
Woman with a hand full of coffee beans
Economy

IMF calls for more intrusive bank supervision, and revises down growth forecast

The International Monetary Fund is the latest institution to downgrade Uganda's growth projections for the current financial year, following similar updates by the World Bank and the Bank of Uganda.
Bank of Uganda's head office in Kampala.
Economy

Export growth robust in March as trade deficit narrows

Uganda's exports grew by 20.7% year on year in dollar terms in March while the cost of imports increased by 6.2%, according to statistics from Bank of Uganda.
Economy

Commercial bank lending growth slows in March

Commercial banks' lending to the private sector in March expanded by 6.2% year-on-year, less than February's 7.5% rate, but still the sixth consecutive month credit growth has been positive.
Bank signposts at Oasis Mall, Kampala
Economy

Private sector activity maintains positive momentum, but external orders continue falling – IHS Markit

Activity in the private sector in April was unchanged from a month ago when a new survey of purchasing managers found that business conditions had improved from the previous period.
A Stanbic Bank Uganda branch
Economy

Inflation rises to highest since February 2016

Inflation rose 6.8% year on year in April from 6.4% in March, according to figures from the Uganda Bureau of Statistics.
Busy market in Kampala, Uganda
Economy

Private sector activity improves in March, new Stanbic survey shows

Business activity picked up in March, with the index coming in at 53.5 from 50.9 in February, the purchasing managers' survey showed. This indicated a further improvement in business conditions in the private sector during the month.
Economy

Earnings from coffee exports up 118% year-on-year in March

Coffee exports in March were 409,916 60-kilo bags worth $50.44 million, an increase of 65.12% and 118.62% in volume and value respectively compared to the same period in 2016, figures from the Uganda Coffee Development Authority show.
Woman with a hand full of coffee beans
Economy

World Bank forecasts growth uptick for Africa in 2017

Economic growth in sub-Saharan Africa will slightly pick up in 2017 following its worst decline in more than two decades in 2016, according to a World Bank report released Wednesday.
Economy

Bank of Uganda has some news on the economy… And it is not good!

Bank of Uganda on Wednesday reduced the policy lending rate by 0.5% to 11% citing an improved inflation outlook and the need to support private sector credit and economic growth.
Officials seated around a conference table during a press briefing
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