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
Uganda Business News
Xenophobic sentiment in South Africa reaches highest level in two decades
Economic frustration and electoral politics are driving a sharp rise in hostility towards migrants in South Africa
Private sector picks up pace in April despite fuel-driven cost pressures
Uganda’s private sector expanded for a 15th month as the PMI rose to 55, though rising fuel costs and a declining BTI weighed on firms
Softer global prices weigh on March coffee export revenues
Uganda posted higher coffee export volumes in March, but revenues declined as global prices eased on improved supply expectations
Rising energy prices push inflation higher in April
Inflation rose to 3% in April as fuel and transport costs increased, highlighting growing energy-driven price pressures
February’s bond rally fades as 10-year yield jumps 100 basis points
Uganda’s 10-year bond yield rose a full percentage point in two months, partially reversing February’s contraction even as investor demand hit exceptional levels
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
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
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
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