Uganda’s private sector activity growth rises to record high
Uganda’s private sector firms have reported their strongest month in three and a half years, shrugging off a protracted trade dispute with neighbouring Rwanda
Uganda Business News
2019 Annual Bankers Conference to focus on strengthening support to agriculture
The Uganda Bankers Association is set to hold the 3rd Annual Bankers Conference 2019 under the theme: De-risking financing & Investment in agriculture to promote decent youth employment and inclusive growth
Economy gets off to a slower start in 2019
The Bureau of Statistics says Uganda’s economic growth lost some steam in the first three months of 2019, after rebounding in the last two quarters of 2018
Core inflation rises at fastest pace in two years
Core consumer prices in Uganda rose by their quickest pace in two years in June, buoyed by higher service prices, according to data released on Friday
Mauritius-based Gateway Delta to invest $20 million to redevelop Metroplex Mall
Gateway Delta Development Holdings, a Mauritius-based real estate developer, plans to invest $20 million to redevelop Metroplex Mall within the next year after acquiring it from its current owner
Rating agency regulations: Why legislation won’t fix flaws
The three dominant international credit rating agencies have been accused of many faults; the faults originate from their ‘issuer-pay’ business model in which the institution being rated pays for the rating, which is used by investors
Petroleum Authority holds hearings on environmental impact of Kingfisher project
About six thousand people attended a public hearing on the environmental and social impact assessment of the Kingfisher Development Project organised by the Petroleum Authority of Uganda at Rwemisanga Primary School in Kikuube district
East Africa offers diversified growth opportunities for South African companies
Even before East Africa’s oil and gas potential is taken into account, Africa’s most dynamic region presents a powerful investment case for South African corporates
Bank of Uganda holds policy rate steady, says inflation remains subdued
Bank of Uganda maintained its benchmark lending rate for the third time this year, saying the inflation outlook over the next 12 months is largely unchanged from the last monetary policy committee meeting in April but noted that risks remain elevated
Private sector credit growth hits 39-month high in further sign of recovery
Bank lending in Uganda accelerated to a 39-month high in April, according to central bank statistics, on a rise in loans to manufacturing and trade