Economy

AgricultureEconomy

Remarks by the Bank of Uganda governor at the participating financial institutions award ceremony for the Agricultural Credit Facility and Small Business Recovery Fund

For a long time, many have questioned whether Uganda's smallholder farmers could access meaningful credit. Today, we have our answer: Shs1.12tn disbursed, 6,587 projects funded, and a non-performing loan rate of just 1 per cent — three times better than the banking industry average
Financial sector officials stand for a group picture at an awards ceremony
Economy

Bank of Uganda’s Monetary Policy Statement for May 2025 — Full text

On 13 May 2025, the Bank of Uganda's Monetary Policy Committee (MPC) maintained the Central Bank Rate (CBR) at 9.75 per cent
Bank of Uganda headquarters in Kampala
Economy

Inflation falls in September

Uganda's inflation fell to 3 per cent in September, strengthening the case for the Bank of Uganda to cut interest rates at its meeting next week
Statistics House in Kampala, headquarters of the Uganda Bureau of Statistics
Economy

Credit rating agencies and Africa: lack of people on the ground fuels bias against continent

The big three rating agencies have a thin presence in Africa, raising questions about analysts' workloads and the accuracy of their ratings — not to mention a bias towards their home regions
The headquarters of Fitch Ratings in the financial district of lower Manhattan, New York
CompaniesEconomy

Private sector activity expands at fastest pace in more than a year

Uganda's private sector activity grew at the fastest pace in 14 months in August, pointing to rising demand as the country's economic recovery gains momentum
This photograph shows four women picking tea on a plantation in Uganda. The woman furthest from the camera is leaning forward, her face visible in the frame. She is laughing and appears to be chatting with her colleague. Two of the women are carrying baskets into which they are picking the tea, while one is picking into a sack.
Economy

World Bank names new country director for Uganda, Kenya, Rwanda, and Somalia

Qimiao Fan, a Chinese national, will oversee the design and implementation of the World Bank's assistance programme for the four countries
The World Bank headquarters in Washington DC during the 2012 IMF/World Bank Spring Meetings, 16 April 2012
Economy

Inflation falls to 3.5% in August

Uganda's inflation fell sharply to a four-month low of 3.5 per cent in August, the first decline in as many months and faster than expected as service prices slowed
Ecobus Coaches from Kampala to Juba depart from the Namayiba Bus Park
EconomyHealth

Fitch warns mpox outbreak could dent regional economies

An escalation of the mpox outbreak in sub-Saharan Africa could lead to a slowdown in economic activity and financial distress for governments of the affected countries
Various currency notes of African countries are seen in this photo
CommoditiesEconomyTrade

Coffee export revenues surge to new high

Coffee exports rose in July at the fastest pace since August 2023 as revenue surged to yet another record high on strong global prices for robusta beans
Tin of instant coffee from Uganda's Star Café Limited
EconomyEnvironmentPolitics & PolicyProperty

Raising revenue from land: what African cities can learn from Hong Kong’s unique leasehold system

Often cited as a prime example of effective land value, Hong Kong uses a variety of land-based financing models that have proven effective in funding key public projects
Final approach to Hong Kong with views of Victoria Harbour and Stonecutters Bridge in the early morning, July 2016
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