Uganda Business News | Business News, Economics, Politics, …
WEBUganda and Kenya protests highlight corruption at the very top, which happens to be the most difficult to fight. Political corruption destroys the incentives of those in power to curb corruption and persists because it keeps the regime afloat, a function that extends beyond mere personal gain. News, analysis, comment, and data from Uganda ...
Economy - Uganda Business News
WEBSep 10, 2024 · Inflation falls to 3.5% in August. Uganda's inflation fell sharply to a four-month low of 3.5 per cent in August, the first decline in as many months and faster than expected as service prices slowed. August 30, 2024. Economy Health.
Business activity slows in March | Uganda Business News
WEBApr 4, 2024 · 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 Stanbic Bank Uganda purchasing managers’ index, a measure of business activity in the private sector, fell to 49.3 for the month, down from 51.7 in February.
Business activity edges higher in July | Uganda Business News
WEBAug 5, 2024 · Uganda’s private sector grew at a faster pace in July as output and new orders picked up for the fourth month running, according to a closely watched business survey. All five sub-sectors monitored reported growth in both output and new orders, improving on June when only wholesale & retail, industry, and construction recorded gains.
BoU cuts rates, lowers inflation forecast - Uganda Business News
WEBAug 7, 2024 · BoU cuts rates, lowers inflation forecast. Despite inflation reaching a 13-month high in July, and core CPI accelerating for four months in a row, the Bank of Uganda cut its benchmark interest rate, the first easing since March when borrowing costs were raised in response to the sharp depreciation of the shilling.
Markets - Uganda Business News
WEBAug 22, 2024 · Uganda's largest bank reported a strong increase in first-half profits despite monetary tightening, as its traders posted their best performance in three years and credit quality improved
US warns companies of risks of doing business in Uganda
WEBOct 25, 2023 · The US issued a “business advisory” on the potential “financial and reputational risks resulting from endemic corruption” in Uganda, as well as “violence against human rights activists, media members, health workers, members of minority groups, LGBTQI+ persons, and political opponents.”. It said that the anti-homosexuality act ...
Parliament passes law giving government exclusive right to import …
WEBNov 15, 2023 · The government argues that the law — which, if assented to by the president, is expected to come into force on 1 January 2024 — will lead to lower fuel prices by removing Kenyan middlemen from the fuel supply chain. Uganda currently imports 90 per cent of its petroleum products through Kenya. “Uganda imports 90 per cent of …
Fitch affirms Uganda B+ rating | Uganda Business News
WEBMar 4, 2024 · The outlook remains negative on concerns about external financing and liquidity pressures. Fitch Ratings affirmed its credit rating on Uganda at B+, one of the higher non-investment grade ratings for risky issuers, saying the ratings are supported by favourable medium-term growth prospects and macroeconomic stability, …
Trade | Uganda Business News
WEBSep 8, 2024 · 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. March 11, 2024. Commodities Economy Trade.
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