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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
Politics & Policy
A mindset change is best route to broader and resilient growth
The Uganda government must encourage citizens to participate in the national development agenda. It must start by viewing citizens as agents of economic growth and development, not a burden to the government
February 19, 2022
Economy
Politics & Policy
Bank of Uganda holds rates, warns of rising public debt
Central bank maintains key interest rate at record low, noting gradual but subdued economic growth and favourable inflation outlook
April 14, 2021
Economy
Uganda receives IMF loan to stave off coronavirus impact
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
May 7, 2020
Politics & Policy
Government to spend extra Shs304.4bn to counter coronavirus
Uganda will spend Shs304.4bn ($80.6m) over the next three months on its coronavirus pandemic response, according to a supplementary budget request presented to parliament this week
April 3, 2020
Economy
IMF sees favourable prospects for Uganda, calls for more social spending
The IMF is optimistic about Uganda's prospects over the next five years but says more social spending is needed to fight unemployment among youths and women
May 10, 2019
Economy
Politics & Policy
Moody’s maintains Uganda’s credit rating
Moody’s Investors Service maintained its appraisal of Uganda's debt, citing its favourable medium-term economic prospects supported by an increase in infrastructure investment
March 26, 2018
Economy
Politics & Policy
Why credit ratings matter and why they can’t be ignored
Credit ratings are an independent and objective assessment of the creditworthiness of countries and companies and therefore a guide for investors
November 24, 2016
Economy
Moody’s downgrades Uganda’s credit rating, outlook stable
Ratings agency Moody's has cut Uganda's long-term issuer bond rating by one notch to B2 from B1, but changed the outlook from 'negative' to 'stable.' Moody's said the key driver of its downgrade is Uganda's "sustained erosion of fiscal strength."
November 19, 2016
Economy
Uganda economy to grow less than expected due to drought — minister
Uganda's economy is not in recession and has remained resilient despite several unfavourable conditions, finance minister Matia Kasaija told Parliament today as he delivered a statement on the state of the economy.
November 15, 2016
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