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Economy
Private sector activity edged higher in September
A key gauge of activity in Uganda's private sector edged up in September, after slowing in August, as agriculture swung to an expansion to ensure that all the five sectors covered by the survey improved
October 4, 2023
Economy
Economy surges in second quarter
GDP growth picked up strongly in the second quarter of the year due to increased activity in the mining and quarrying sub-sector and the services sector
September 18, 2023
Economy
Loan growth weak in July
Loan growth at commercial banks was muted in July, underscoring the central bank's decision to ease monetary policy last month as it tries to boost economic growth
September 6, 2023
Economy
Growth in business activity slowed in August, Stanbic PMI shows
Stanbic Bank Uganda's purchasing managers' index receded for the third straight month in August as rising financial pressures stifled demand
September 5, 2023
Economy
Economic growth solid in Q4 2021
Uganda's economy ended 2021 on a high note, its continued expansion in the fourth quarter marking four consecutive quarters of growth and a rebound in full-year growth
April 4, 2022
Economy
Inflationary pressures persist as business activity hits 9-month high in February
Private sector activity expanded in February, accelerating the most in nine months after the phased removal of pandemic restrictions, but a rise in input and labour costs saw companies raise output prices yet again
March 3, 2022
Economy
Central bank holds interest rates steady citing need to support recovery
The Bank of Uganda on Monday held its key lending rate unchanged for the fifth consecutive meeting citing the need to support economic growth and on-target inflation
February 15, 2022
Economy
Business activity rises to 8-month high as economy reopens
A gauge of Uganda private sector activity rose to its highest level in eight months, a sign that the economy is regaining momentum following the relaxation of Covid-19 restrictions
February 3, 2022
Economy
Stronger demand and rising orders spark employment growth
Uganda's private sector posted its fourth month of consecutive growth as strong orders incentivised companies to increase staffing levels for the first time in six months
December 3, 2021
Economy
Uganda’s economy shrinks for the first time in decades in 2020
Uganda’s economy shrank in 2020 for the first time in more than a decade as measures to control the coronavirus pandemic ground several sectors to a halt, figures published on Monday showed
March 30, 2021
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