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Economy
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
March 4, 2024
Economy
Consumer prices grow at fastest pace in six months
A surge in services prices, driven by increases in education and restaurant and accommodation services, pushed inflation to its fastest pace in six months in February
February 29, 2024
Economy
Opinion
Politics & Policy
Africa’s debt crisis demands a bold new approach
Africa cannot rely on the global community to provide adequate funding or debt relief to address its development needs and crises, such as pandemics or extreme weather events
February 26, 2024
Economy
Construction costs slowed in December
Construction costs rose at the slowest pace in four months in December as prices for inputs used in building construction and building completion and finishing fell
February 22, 2024
Commodities
Economy
Coffee exports fall for a third month
Coffee exports fell for the third consecutive month in January due to a small arabica crop in the Elgon region, the Uganda Coffee Development Authority said
February 19, 2024
Economy
Opinion
Africa needs a grand revival plan from the West and China
Africa's crises have fuelled a surge in migration to Europe unlikely to abate soon unless rapid population growth is matched by improving economic conditions
February 13, 2024
Economy
BMI forecast: Interest rates to fall by 1% by year-end
Bank of Uganda will keep policy rate at 9.5% in first half of year due to rising inflation, but will cut by 1% by the end as inflation stabilises below target
February 12, 2024
Commodities
Economy
Trade deficit in goods narrows in December
Uganda's merchandise trade deficit narrowed for the fourth month in a row in December as exports continued to grow at a faster rate than imports
February 7, 2024
Economy
Bank of Uganda’s Monetary Policy Statement for February 2024 — Full text
The Bank of Uganda's Monetary Policy Committee kept its benchmark interest rate unchanged at 9.5 per cent at its meeting on 6 February
February 7, 2024
Economy
Private sector credit growth drops in December
Lending to the private sector slowed in December due to a decline in microfinance loans and stagnant growth in commercial bank loans
February 6, 2024
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