Trade
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
Uganda’s oil moment approaches — but the risks are multiplying
Uganda's first oil is due in H2 2026, but timing risks, fiscal pressures, and a Middle East conflict cloud the outlook
Merchandise trade deficit slows down on stronger exports
Goods trade exports rose at their fastest rate in 14 months in April, offsetting a surge in goods imports and slowing down the growth of Uganda's merchandise trade deficit
Coffee export revenues surge to new high
Coffee exports rose in July at the fastest pace since August 2023 as revenue surged to yet another record high on strong global prices for robusta beans
Coffee export earnings hit all-time high
Uganda's coffee export earnings rose to an all-time high in June, boosted by rising prices for robusta beans
Coffee exports fall at steepest pace since December 2022
Coffee exports fell by the most in fourteen months in February, but higher global prices led to higher earnings
Goods trade gap falls to near three-year low
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
African countries need to shift from exporting commodities to tapping domestic demand
Recent internal instability and external shocks have created a vicious cycle of economic and financial distress in Africa, raising questions about the continent's ability to shape its own destiny