Fuel prices

An illustration for property, mortgages, bank loans and home savings. A model of a house sitting on architectural plans, with a blurred piggy bank in the background.

What the Bank of Uganda’s rise to 12 per cent means for the shilling, fuel and loans

How the Bank of Uganda's increase in its policy rate to 12 per cent could affect the shilling, pump prices, and existing loans and savings

President Yoweri Museveni speaking at a podium bearing the presidential seal during the Independence Day celebration, wearing a white shirt and a maroon, white and gold sash.

Foreign exchange

Museveni rejects selling dollar reserves to prop up the shilling

Uganda’s reserves stood at $6.52bn in August, nearly double February 2024, as Museveni urges fewer imports instead of dollar sales to support the shilling.

Close-up of a Ugandan 50,000-shilling banknote with an orange round-cut gemstone resting on it, other notes blurred behind

Foreign exchange

Shilling weakens further as MPs ask why reserves are not used

The shilling closed at Shs4,085.71 on Thursday. Traders expect further losses as MPs ask why the central bank has not used its reserves

A man looking up at an electric pole, with his back to the camera

Utilities

ERA holds power tariffs steady for October to December

Uganda's electricity regulator has held tariffs for October to December at third-quarter levels, although the oil price in its calculations fell 24.5 per cent

Vegetables and fruit on a stall at Mercat de la Boqueria, Barcelona.

Food and fuel push Uganda’s inflation to its highest since 2023

Annual inflation rose to 4.6 per cent from 4.1 per cent as matooke rose 16 per cent in a month and petrol and diesel stayed 30.9 and 42.5 per cent above last year

Inflation inches up in June

The annual inflation rate inched up in June due to an increase in energy, fuel, and utilities prices and the prices of food crops and related items, the Uganda Bureau of Statistics said on Friday