Economy

Economy

Gauge of business activity slips in July

A measure of business conditions in Uganda's private sector pulled back to its lowest level in four months, although it remained in expansion territory
A man wearing protective gear works on a machine in a factory
Economy

Annual Bankers’ Conference: Full text of the BoU governor’s speech on remittances

Remittance inflows have overtaken foreign aid and support from international institutions, such as the IMF and the World Bank, as well as from bilateral partners, to become Uganda's most reliable source of external financing
Street scene of a man waiting in line at a money transfer shop in London
CommoditiesEconomy

Coffee exports rose to a fresh high in June, report says

Uganda's coffee exports hit a new record in June, driven by a good harvest in most coffee-growing regions, particularly in the Greater Masaka area and the south-west of the country
Jute bags containing coffee beans in a café storage area
AgricultureCompanies

Enimiro gets One Acre Ventures investment

One Acre Ventures said it will invest in Enimiro Uganda, an agribusiness company that works with smallholder farmers, to finance its expansion into coffee processing
Coffee beans being inspected in rural ugandaA man inspects coffee beans on a drying bed in a rural area Uganda; next to him are three other men
CommoditiesPolitics & Policy

Why bartering Africa’s minerals for security is a bad idea

A US-brokered peace deal between the DRC and Rwanda binds the two nations in a worrying arrangement: one where a country signs away its mineral resources to a superpower in return for vague promises of security
Four men working in an open-pit mine in the Democratic Republic of Congo
CommoditiesPolitics & Policy

Trump’s Africa summit: offshoring the US’s immigration problem?

Last week, US President Donald Trump hosted a mini-summit with five African leaders at the White House, which was surprising given his stance towards the continent
President Donald Trump speaks with President Brice Clotaire Oligui Nguema of Gabon in the Oval Office, Wednesday, July 9, 2025, before a multilateral luncheon with African leaders
CommoditiesPolitics & Policy

Critical minerals and technology dependency: key G20 issues for Africa

Thirty percent of the world’s critical minerals come from Africa, and their access is a priority for South Africa’s government during its G20 presidency this year
Landscape photograph of a brown mountain
CommoditiesEconomy

Goods trade gap shrinks for fifth month in a row

Uganda's goods trade deficit shrank for the fifth straight month in May as exports grew faster than imports into the country, according to central bank data
Aerial view of a cargo ship
BankingEconomy

Banks set to ease credit standards on business loans

Banks expect to ease lending standards in the quarter ending in September as loan performance improves for businesses and declines for households, and demand for credit from firms increases, according to a Bank of Uganda survey
Entrance to the personal banking section of a bank
Economy

Business activity edges down in June, but still solid

A gauge of business conditions in Uganda's private sector expanded at a solid pace in June, though weaker than the prior month, as new orders and output continued to strengthen
Daily newspaper economy stock market chart
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