Inflation ticks up to highest level since September 2018
Uganda’s inflation rose to a fifteen-month high in December 2019, driven by a rise in the annual food crops and related items inflation
Uganda Business News
ERA cuts electricity tariffs for first three months of 2020
The price of electricity is set to fall for consumers supplied by Umeme Limited in the first three months of 2020 after the regulator, the Electricity Regulatory Authority, lowered retail tariffs
How infrastructure sharing can help lower data prices in Africa
Africa has the world’s most expensive internet prices and lowest data speeds; rethinking how telecom masts are sited and used could help reduce the costs of internet provision and increase accessibility
Bank of Uganda keeps rates unchanged to boost slowing economy
A slowdown in global economic activity and subdued domestic demand has weakened the economy and made clear the need for monetary and fiscal stimulus to support stronger growth, the Bank of Uganda has said
Imports and exports both fall as trade deficit narrows in October
The Uganda goods trade deficit narrowed for the second time in three months in October as both exports and imports declined, according to data from the Bank of Uganda
November business activity expands the most in almost 4 years
Business activity in Uganda expanded at the fastest pace in close to four years in November on improved demand, an IHS Markit survey showed on Wednesday
Consumer inflation rises to 5-month high
Uganda consumer price inflation increased for the second straight month in November, rising to its highest level in five months, boosted by a rise in core consumer prices
UAE holds trade and investment forum in Uganda
The United Arab Emirates today held a trade and business forum in Kampala. The forum, organised by the Sharjah Chamber of Commerce attracted over 22 companies from UAE who came to look for trade and investment opportunities in Uganda
Digitisation and entrepreneurship will propel African industrialisation, defying naysayers
The dominant narrative is that industrialisation in sub-Saharan African is declining and less relevant. But this ignores growing trends such as new technologies and a vibrant entrepreneurship scene
Business activity improves in October
Business activity in Uganda’s private sector rose for the thirty-third month in a row thanks to an increase in new orders, according to a survey released on Tuesday