Middle East war

Several white fuel tankers bearing "Danger Petrol" signs parked on a dirt lot at a storage depot in Jinja, Uganda, under a blue sky.

Fuel prices push inflation higher in May

Headline inflation edged up in May as energy and transport costs climbed sharply amid higher global oil prices

The oil and chemical tanker Petrel Pacific moored at a terminal during twilight, discharging ballast water.

Bank of Uganda’s Monetary Policy Statement for May 2026 — Full text

Monetary Policy Committee keeps rates on hold for a seventh consecutive meeting but raises its inflation outlook as fuel costs begin feeding through

Fiscal Policy

Uganda set to outpace region as IMF flags oil-driven growth surge

IMF forecasts place Uganda among the world’s fastest-growing economies as oil production nears, even as risks rise across sub-Saharan Africa

A brightly lit, modern exhibition stall for Uganda at the 138th Canton Fair. The stall features the national flag and the "Explore Uganda" branding, alongside large posters of gorillas and elephants. A diverse crowd of business professionals and visitors are gathered around the counters, discussing trade opportunities in agriculture, coffee, and tourism.

Geopolitics hastens China’s Hunan-led shift in Africa trade and investment

Beijing’s Hunan-based Africa strategy gains urgency amid US-China tensions and Middle East disruptions to trade and energy flows

A US Coast Guard cutter sails alongside a sleek, smaller unmanned surface vessel in open blue water, with a large commercial tanker visible on the horizon.

Supply chains

US blockade of Iran ports deepens global oil uncertainty after Hormuz standoff

US blockade of Iranian ports raises risks for oil supply, fertilisers and global trade flows

A man wearing a white cassock and zucchetto sits in a high-backed chair while holding a sheet of paper.

Pope Leo’s Africa tour underscores continent’s rising weight in global Catholicism

Africa’s rising Catholic population frames Pope Leo’s tour amid conflict, inequality and questions of church leadership

A stack of Ugandan shilling banknotes—50,000, 20,000, 10,000, and 5,000—arranged in a currency counting machine.

Foreign exchange

Uganda shilling weakens sharply as oil prices and global risk sentiment shift

Rising oil prices and shifting investor sentiment drive Uganda shilling to weakest level since mid-2024

Scattered South African rands notes against a white background.

Middle East war

The Middle East war is hurting Africa. Here is how the continent fights back

As the Middle East war pushes African currencies lower and borrowing costs higher, a Pretoria scholar sets out how the continent must respond

The offices of the Ministry of Finance and Economic Development in Kampala

Uganda’s oil moment approaches — but the risks are multiplying

Uganda's first oil is due in H2 2026, but timing risks, fiscal pressures, and a Middle East conflict cloud the outlook

More Middle East war

15 March 2026

Middle East war

Stanbic analysts see opportunity for disciplined investors amid global unrest

Stanbic analysts say Middle East war poses real risks for Uganda's exports, currency, and inflation — but also creates openings for long-term investors

4 March 2026

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