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Economy
Fitch cuts GDP forecast on lower government spending, fall in net exports
Economy to grow slower in 2023 than previously expected, as government spending slows and net exports fall, according to global research firm BMI
December 18, 2023
Economy
GDP grew 5.5% in third quarter, driven by output in the industrial sector
Industrial and agricultural sectors expanded at healthy pace compared to previous quarter, while services sector slowed down
December 7, 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
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
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
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
Economy
Coronavirus: BoU cuts interest rates, lowers growth forecasts, offers flexibility on bad loans
The Bank of Uganda cut its benchmark interest rate by a percentage point as part of measures to mitigate the economic crisis caused by the coronavirus pandemic, and also announced actions to support the financial institutions it supervises, including a moratorium on dividends and bonus payments
April 6, 2020
Economy
GDP growth in last quarter of 2019 slows on lower mining output
Economic growth in Uganda slowed down in the last three months of 2019 amid a decline in mining and quarrying output, according to seasonally adjusted estimates from the Uganda Bureau of Statistics
April 1, 2020
Economy
Politics & Policy
Coronavirus: Uganda restricts travel abroad and public gatherings, to close schools
Uganda will close schools, restrict public gatherings and travel abroad in order to limit the spread of the coronavirus, which has not yet been confirmed in the country, President Yoweri Museveni announced Wednesday in a national address
March 18, 2020
Economy
Politics & Policy
Uganda’s economy growing but not braced for shocks, says World Bank
Uganda gross domestic product grew faster than initially predicted in the 2018-2019 fiscal year, but the growth is still not fast enough for the government's lower middle-income status and poverty reduction ambitions
February 13, 2020
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