Fitch Ratings Inc
Fitch holds Uganda Development Bank at ‘B’, citing sovereign ceiling
Fitch keeps Uganda Development Bank at 'B' as falling bad loans and robust profits are offset by sovereign credit constraints
Uganda faces higher fuel costs as US-Iran war roils oil markets
Uganda faces dearer fuel imports and currency pressure as the US-Iran war pushes oil prices higher, but first oil in H2 2026 offers a longer-term upside
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
Fitch affirms Uganda B+ rating
Ratings supported by favourable medium-term growth prospects and macroeconomic stability, but constrained by weak governance and budget and current account deficits
Strong economy to boost bank lending, deposits in 2024, says BMI
Improved economic conditions and lower lending rates are expected to increase demand for bank credit, in contrast to last year when loan growth slowed
Fitch cuts GDP forecast on lower government spending, fall in net exports
Economy to grow slower in 2023 than previously expected, as government spending slows and net exports fall, according to global research firm BMI