Economy

Economy

June CPI report: Inflation ticks up

The consumer price index of goods and services costs ticked up in June, led by a jump in the prices of food crops and related items, the Uganda Bureau of Statistics said on Monday
Assorted grains and pulses in a market
EconomyPolitics & Policy

African finance ministers shouldn’t be getting involved in bond deals – that’s what the experts are for!

Recent developments show that most eurobonds owned by African countries have not been structured properly. As a result, African countries are paying way over the odds relative to their sovereign risks
Seedlings growing on coins, in soil medium
CommoditiesEconomy

May saw a surge in coffee exports, driven by a bumper harvest in Masaka and south-western regions

Ugandan coffee exports rose in May due to a successful main harvest in Masaka and the south-western regions, the Uganda Coffee Development Authority said in a recent statement
A woman harvests coffee berries in Yangambi, DR Congo
EconomyPolitics & Policy

2025/2026 Budget: Matia Kasaija’s speech in full

The budget for 2025/26 will start implementing the Fourth National Development Plan for the next 15 years. The NDP will implement the Tenfold Economic Growth Strategy, which aims to expand the size of the economy to $500bn from the current estimate of $61.3bn
The four finance ministers pose for a photo before the reading of the 2025-26 budget
Economy

Uganda economy grew at 7.4% in first quarter

Uganda’s economy grew 7.4 per cent in the first quarter of 2025, driven by increased activity in food crop production, trade and repairs, and construction
An agricultural market in downtown Kampala
Economy

Growth in sub-Saharan Africa set to strengthen as other regions struggle with the impact of US trade barriers

Sub-Saharan Africa is one of two regions expected to strengthen their economies this year, despite the fact that most of the world is set to experience its slowest pace of growth since 2008
The World Bank Group headquaters in Washington D.C.
CommoditiesEconomyTrade

Merchandise trade deficit slows down on stronger exports

Goods trade exports rose at their fastest rate in 14 months in April, offsetting a surge in goods imports and slowing down the growth of Uganda's merchandise trade deficit
A cargo ship docked at the port of Mombasa on Kenya's Indian Ocean Coast, as workers prepare to load it
BankingEconomy

Lending to the private sector increases at its fastest rate in two years

Lending to the private sector grew at its fastest pace in two years in April, according to data from the Bank of Uganda, spurred by an increase in commercial bank lending
Entrance to the personal banking section of a bank
Economy

Uganda economic activity hits highest in almost 2 years

Business activity in Uganda's private sector expanded at its fastest pace in 23 months during May, a private survey showed Thursday
A factory with several activities taking place
Economy

Africa’s new credit rating agency could be a game changer. Here’s how

The African Credit Rating Agency is an initiative under development by the African Union and its partners. It is more than a new entrant; it is an attempt to rethink how financial authority is earned, exercised and scrutinised
The headquarters of Fitch Ratings in the financial district of lower Manhattan, New York
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