Economic activity

Economy

Central bank holds interest rates steady citing need to support recovery

The Bank of Uganda on Monday held its key lending rate unchanged for the fifth consecutive meeting citing the need to support economic growth and on-target inflation
The Bank of Uganda in Kampala
Economy

Business activity rises to 8-month high as economy reopens

A gauge of Uganda private sector activity rose to its highest level in eight months, a sign that the economy is regaining momentum following the relaxation of Covid-19 restrictions
A teacher and pupils in a classroom
Economy

Stronger demand and rising orders spark employment growth

Uganda's private sector posted its fourth month of consecutive growth as strong orders incentivised companies to increase staffing levels for the first time in six months
Female worker in a garments factory
Economy

Uganda’s economy shrinks for the first time in decades in 2020

Uganda’s economy shrank in 2020 for the first time in more than a decade as measures to control the coronavirus pandemic ground several sectors to a halt, figures published on Monday showed
Largely empty street in Kampala
Economy

GDP growth in last quarter of 2019 slows on lower mining output

Economic growth in Uganda slowed down in the last three months of 2019 amid a decline in mining and quarrying output, according to seasonally adjusted estimates from the Uganda Bureau of Statistics
A drilling rig at a drilling site in Uganda
EconomyPolitics & Policy

Uganda’s economy growing but not braced for shocks, says World Bank

Uganda gross domestic product grew faster than initially predicted in the 2018-2019 fiscal year, but the growth is still not fast enough for the government's lower middle-income status and poverty reduction ambitions
The World Bank Headquarters, Washington DC.
Economy

Inflation picks up a notch in October

Prices for food crops and related items, particularly fruits and vegetables, helped push Uganda consumer prices a notch higher in October and to their highest level in three months
Economy

Uganda GDP growth flat on slower taxes on products

Economic growth in Uganda failed to bounce back in the fourth quarter of 2018/2019, after a slowdown in the first three months of 2019, following slower growth in taxes on products and the services sector
A mobile phone mast
Economy

Economy gets off to a slower start in 2019

The Bureau of Statistics says Uganda's economic growth lost some steam in the first three months of 2019, after rebounding in the last two quarters of 2018
African women sorting farm produce.
Economy

Uganda economic growth strengthens in last three months of 2018

Uganda's economic growth continued to strengthen in the fourth quarter of 2018, expanding at the fastest rate in five quarters
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