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HomeEconomy

Economy

Latest Uganda economic news, data, trends and analysis, including economic growth, Uganda GDP, inflation, private sector activity, interest rates and bank lending to the private sector

An industrial storage area
Economy

Uganda private sector activity drops the most since June – survey

February 3, 2021 Uganda Business News

Business activity in Uganda dropped for the first time in seven months in January due to the election period, with companies experiencing a slump in new orders and a decline in activity, according to a key survey

An industrial storage area
Economy

Private sector contraction slows, PMI shows

July 3, 2020 Uganda Business News

Uganda’s private sector shrunk at a slower pace in June compared to the previous month, according to a closely watched survey of company executives

Economy

World Bank agrees $300m coronavirus loan to Uganda

June 30, 2020 Uganda Business News

The World Bank Group said on Tuesday that its board had approved $300m in budget support for the Uganda government to boost its fight against the coronavirus and to support the economy

Market vendors in Uganda wearing masks to protect against Covid-19 coronavirus
Economy

Rise in consumer prices moderates in May

May 29, 2020 Uganda Business News

The pace of the rise in Uganda’s consumer prices moderated in May, reflecting a year on year decline in the prices of food crops and related items

Coffee Beans in Jute
Economy

Little coronavirus effect on demand for Uganda’s coffee

May 22, 2020 Uganda Business News

Exports of coffee, Uganda’s most valuable locally produced export commodity, increased in April compared to the same month last year but declined from March due to logistical issues caused by the lockdown

Containers at Mombasa Port in Kenya
Economy

Goods imports, exports fall to record lows

May 18, 2020 Uganda Business News

Uganda’s goods imports dropped at the sharpest rate since May 1999 in March, leading to the narrowest merchandise trade deficit in 12 months, according to data released by the central bank

A retail shopping centre in downtown Kampala, Uganda
Economy

Bank lending growth falls to four-month low in March, but still strong

May 17, 2020 Uganda Business News

Bank lending to businesses grew at a robust pace in March, measured by the indicators’ trend growth over the past two years, according to figures from the Bank of Uganda

The offices of the Ministry of Finance in Kampala.
Economy

Uganda receives IMF loan to stave off coronavirus impact

May 7, 2020 Uganda Business News

The International Monetary Fund said on Wednesday that it had approved a $419.5m (Shs1.6 trillion) loan to Uganda to help combat the economic fallout of the Covid-19 coronavirus pandemic

A largely empty street on Namirembe Road, Kampala
Economy

Business activity shrinks at fastest rate on record in April

May 6, 2020 Uganda Business News

Business activity in Uganda’s private sector shrunk at the fastest pace on record in April, according to a survey, playing up the economic impact of the lockdown instituted to check the spread of the coronavirus and the global Covid-19 pandemic

Maize plants
Economy

Consumer inflation rises moderately in April as prices of food staples increase

April 30, 2020 Uganda Business News

Uganda consumer prices rose moderately in April due to an increase in the prices of food staples, as measures implemented to check the spread of the coronavirus disrupted supply chains and drove up demand

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