Middle East war
Inflation
Fuel prices push inflation higher in May
Headline inflation edged up in May as energy and transport costs climbed sharply amid higher global oil prices
Monetary policy
Bank of Uganda’s Monetary Policy Statement for May 2026 — Full text
Monetary Policy Committee keeps rates on hold for a seventh consecutive meeting but raises its inflation outlook as fuel costs begin feeding through
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
Geopolitics hastens China’s Hunan-led shift in Africa trade and investment
Beijing’s Hunan-based Africa strategy gains urgency amid US-China tensions and Middle East disruptions to trade and energy flows
Supply chains
US blockade of Iran ports deepens global oil uncertainty after Hormuz standoff
US blockade of Iranian ports raises risks for oil supply, fertilisers and global trade flows
Pope Leo’s Africa tour underscores continent’s rising weight in global Catholicism
Africa’s rising Catholic population frames Pope Leo’s tour amid conflict, inequality and questions of church leadership
Foreign exchange
Uganda shilling weakens sharply as oil prices and global risk sentiment shift
Rising oil prices and shifting investor sentiment drive Uganda shilling to weakest level since mid-2024
Middle East war
The Middle East war is hurting Africa. Here is how the continent fights back
As the Middle East war pushes African currencies lower and borrowing costs higher, a Pretoria scholar sets out how the continent must respond