The Bank of Uganda raised interest rates for the second time in as many months on Monday, citing the risk of increased inflationary pressures due to a weak shilling
Activity in Uganda’s economy contracted for the first time in 20 months in March, according to an official survey, as a drop in money supply suppressed consumer demand
The electricity sector regulator said it had increased domestic tariffs for electricity supplied by Umeme Limited by 2.7 per cent in the second quarter, and overall tariffs by an average of 2.5 per cent
Stanbic Bank Uganda has announced Samuel Mwogeza as the lender’s interim chief executive, following the departure of Anne Juuko
Stanbic Uganda Holdings Limited said its annual net profit rose by 15.2 per cent and was mainly driven by its anchor subsidiary, Stanbic Bank Uganda
Umeme wrote down Shs432.9bn in assets, an increase of Shs272.9bn from the previous year, to reflect the shorter remaining life of its power distribution concession, resulting in a sharp fall in profits
Coffee exports fell by the most in fourteen months in February, but higher global prices led to higher earnings
African headlines often praise fintech as solving the continent’s economic problems, but some political economists and social theorists challenge this narrative
Uganda’s merchandise trade deficit with the rest of the world fell to its lowest level in 35 months in January, helped by a sharp drop in imports of unrefined gold
On 6 March 2024, a special meeting of the Bank of Uganda’s Monetary Policy Committee increased the Central Bank Rate to 10 per cent