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Economy
BoU keeps rates on hold, raises inflation forecast
Bank of Uganda said that economic activity continues to strengthen, although the weakening shilling could lead to a modest increase in inflationary pressures
February 6, 2024
Economy
Economy shows signs of slowing as mining activity pulls back
Business activity slowed in January, according to a survey of private sector purchasing managers
February 5, 2024
Economy
Opinion
Fixes for Africa’s exploding debt and collapsing currencies
Highly indebted African countries face stark trade-offs between servicing expensive debt, supporting growing development needs, and stabilising domestic currencies
February 1, 2024
Economy
Consumer prices jump, closing door on interest rate cuts
Consumer prices rose in January on higher transport and other service costs, pushing up the core inflation gauge preferred by policymakers
January 31, 2024
Banking
Economy
BoU releases more information on EFC Uganda depositor payout
Bank of Uganda on Tuesday released more information on how depositors of the liquidated microfinance EFC Uganda Limited can access their funds
January 24, 2024
Banking
Economy
Strong economy to boost bank lending, deposits in 2024, says BMI
Improved economic conditions and lower lending rates are expected to increase demand for bank credit, in contrast to last year when loan growth slowed
January 23, 2024
Banking
Companies
Economy
Bank of Uganda shuts down EFC Uganda, takes control
Bank of Uganda shut down the microfinance institution on Friday, citing failure to meet minimum capital requirements and 'poor corporate governance'
January 19, 2024
Economy
Property
Kampala property market improves on robust economy
Market could have performed even better, but demand for prime housing and large office space from oil and gas sector fell short of expectations
January 18, 2024
Commodities
Economy
Coffee exports down on poor Elgon arabica crop
Coffee exports fell for the second consecutive month in December, with arabica shipments down due to a small crop in the Elgon region and rains that delayed drying of new harvests
January 16, 2024
Economy
Opinion
The conceptual roots of the debt crisis in the Global South
Growing debt crisis in the Global South largely the result of a flawed multilateral system, and also reflects inadequacies of the dominant analytical and policy frameworks
January 4, 2024
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