Uganda Business News | Uganda Business News 25

Coffee export earnings hit all-time high

Uganda’s coffee export earnings rose to an all-time high in June, boosted by rising prices for robusta beans

HIV breakthrough: trial shows twice-yearly injection 100% effective against infection

The Central African Republic has one of the highest HIV infection rates in the region. To help stop the spread of the disease, humanitarian and development organisations are teaching young people — like the scout in this September 2007 photo — about risks and prevention.

Current HIV prevention tools, such as PrEP, have failed to stop new infections, especially among young people; scientists believe the new drug could remove unpredictability and barriers

The IMF is failing countries like Kenya: why, and what can be done to stop it

Street art in Dublin against IMF/EU debt, June 2013. The recent Kenyan anti-tax protests are a warning that the International Monetary Fund (IMF) is failing. The public does not think it is helping its member countries manage their economic and financial problems, which are being exacerbated by a rapidly changing global political economy. The IMF has provided financial assistance to Kenya; however, the funding comes with strict conditions that suggest debt obligations are more important than the needs of long-suffering citizens. This is despite the IMF's claim that its mandate now includes helping states deal with issues such as climate, digitalisation, gender, governance, and inequality. Unfortunately, Kenya is not an isolated case. Twenty-one African countries are receiving IMF support. In Africa, debt service, on average, exceeds the combined amounts governments are spending on health, education, climate and social services. The tough conditions attached to IMF financing have led the citizens of Kenya and other African countries to conclude that a too powerful IMF is the cause of their problems. However, research into the law, politics and history of the international financial institutions suggests the opposite: the real problem is the IMF’s decline in authority and efficacy.

IMF’s declining resources relative to the size of the global economy has meant less funding than members need, forcing austerity and weakening its bargaining position in crises

The roots of the economic turmoil that led Kenyan youth to take to the streets

A large group of youths protesting against proposed tax increases in Nairobi, June 2025

Corruption, a perennial problem in Kenya, has become a major source of anger; young people, who see corruption everywhere, from the street to offices, feel that it has stolen their future

Why government bonds are a good investment

The crest of the Bank of Uganda on its premises

Seeking a safe and reliable way to grow your savings while supporting the Ugandan economy? Look no further than Treasury bills and bonds, issued by BoU on behalf of the government

Business activity rebounds after March decline

Downtown Kampala, where wholesale and retail trade are the dominant economic activities, close to the Old Taxi Park and St Balikuddembe Market

Business activity picked up in April after a month of falls in output and new orders, as demand firmed, a closely watched survey showed Monday

Rising core inflation highlights persistent price pressures

An agricultural market in downtown Kampala

Core inflation rose last month, bolstering the central bank’s recent contractionary policy in the face of what it says are strong inflationary pressures

The liquidity crisis in developing countries is not over

Globe weighed down by a chain and labelled 'debt': global debt crisis, economic burden, financial instability, liquidity crisis

External debt ratios of low-income and lower-middle-income countries are lower than before, but liquidity pressures have increased due to various shifts in the global economy

Rwanda genocide: why Tutsis remain at the centre of eastern DRC conflict 30 years on

Six Banyamulenge women in the Democratic Republic of Congo being interviewed by a media house

Governments in both Kigali and Kinshasa continue to play their part in subverting reconciliation to end tensions and conflicts in the east of the DRC triggered by the 1994 Rwandan genocide

Bank of Uganda raises rates to highest levels in nearly 7 years, nods to strong inflation pressures

The Bank of Uganda's headquarters in Kampala

The Bank of Uganda raised interest rates for the second time in as many months on Monday, citing the risk of increased inflationary pressures due to a weak shilling