Fiscal Policy
Uganda Shilling
BoU turns to dollar sales as political warnings meet market pressure
Bank of Uganda sold foreign currency after rate rises failed to halt the shilling’s slide, despite warnings from Museveni and Ggoobi against using reserves
International Monetary Fund
Africa’s steady growth conceals widening economic divide, IMF says
Africa’s steady growth masks divergent fortunes, with commodity gains supporting exporters while debt costs and aid cuts constrain spending
Bank of Uganda
Provision releases and currency gains drive Bank of Uganda’s doubled surplus
Bank of Uganda's reported surplus doubled to Shs1.3tn ($365.5mn), but underlying earnings fell once provisions and currency gains are removed
Fiscal Policy
Uganda set to outpace region as IMF flags oil-driven growth surge
IMF forecasts place Uganda among the world’s fastest-growing economies as oil production nears, even as risks rise across sub-Saharan Africa
Uganda’s oil moment approaches — but the risks are multiplying
Uganda's first oil is due in H2 2026, but timing risks, fiscal pressures, and a Middle East conflict cloud the outlook
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
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
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