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Economy
Inflation falls to lowest level in 16 months
Annual headline inflation fell to its lowest level in 16 months, coming in at 4.8% for August, data from the Uganda Bureau of Statistics showed on Wednesday
September 1, 2016
Economy
Coffee exports fall year on year in July
Coffee exports in July 2016 rose 0.81% month-on-month, but fell 33.33% year-on-year. The value of the exports, on the other hand, gained 1.98% month-on-month and fell 37.02% year-on-year.
August 26, 2016
Economy
Uganda will not follow Kenya in capping interest rates, minister says
The Uganda government is not planning to cap interest rates like neighbouring Kenya, according to the State Minister of Finance for Planning, David Bahati.
August 25, 2016
Economy
Bank of Uganda cuts interest rate to 14%
Bank of Uganda on Monday cut its benchmark lending rate by 100 basis points to 14%, citing an improved near-term inflation outlook and the need to stimulate private sector credit growth.
August 8, 2016
Economy
Fitch affirms Uganda’s credit rating at B+, outlook stable
Fitch Ratings on Wednesday affirmed its B+ rating on Uganda, citing the country's high levels of infrastructure spending and its sound macroeconomic policy framework
August 4, 2016
Economy
Interest rate cut likely after July drop in inflation
Inflation fell to 5.1% year-on-year in July from 5.9% in June according to data from the Uganda Bureau of Statistics, setting the stage for a third consecutive rate cut when Bank of Uganda's Monetary Policy Committee meets in mid-August.
July 29, 2016
Data
Economy
Tax authority catches a cold as Uganda economy sneezes
Uganda Revenue Authority missed its tax collection revenue by Shs404.54 billion in the 2015/2016 financial year that ended in June, putting a number to the extent of the slowing economy.
July 29, 2016
Data
Economy
Economy slows in first three months of 2016
Real Gross Domestic Product fell 1.3% year-on-year in the third quarter of financial year 2015/2016, compared to a 2.1% growth in the second quarter, according to data from the Uganda Bureau of Statistics.
July 25, 2016
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