Survey records reduced activity in agriculture, construction

Uganda, March 6 -- Decline in agriculture, construction and industry activities weakened economic performance during February, according to a survey by Stanbic Bank. The survey, which measures monthl... Read More

Only 1,642 engineers are registered, says Works minister

Uganda, March 6 -- Out of a possible 20,000 engineers in Uganda only 1,642 are registered with Uganda Engineering Registration Board. This was revealed during commemoration to mark the World Engineer... Read More

Govt maintains cautious spending

Uganda, March 3 -- Government continued to exhibit a cautious spending regime, cutting down expenditure by at least Shs352.9b during January. During the month, government spent Shs3.3 trillion, a 94.... Read More

60% of courier providers are illegal, says UCC

Uganda, March 2 -- The Uganda Communications Commission (UCC) has revealed that currently, more than half of courier dealers - 60 percent - are operating illegally. This was during an engagement betwe... Read More

Rate of price increase for goods, services slows down

Uganda, March 1 -- A decline in commodity prices, especially food and fuel forced a drop in inflation to 9.2 percent in February from 10.4 per cent in January. The drop means that the rate at which p... Read More

What it takes to shift to a green economy

Uganda, Feb. 28 -- A green economy is defined as low carbon, resource efficient and socially inclusive. Over the past decade, the concept of the Green Economy has emerged as a strategic priority for m... Read More

Credit risks decline, loan approvals rise

Uganda, Feb. 24 -- Loan approvals to private sector grew during December signaling a decline in credit risks that had dominated much of 2022. The decline also signals a return of confidence with many... Read More

BoU has managed inflation well, say Citi boss

Uganda, Feb. 24 -- Citi Group, which operated Citibank in Uganda, has said the aggressive monetary policy tightening by the central bank has played a key role in controlling inflation thus improving e... Read More

Availability of foreign currency makes Uganda most investable market, says Stanbic

Uganda, Feb. 23 -- Standard Bank Group, which operates Stanbic, has said Uganda remains the most investable market in Africa due to availability of foreign currency. Speaking in Kampala during the St... Read More

Uganda's export earnings increased by 10.7 percent -Finance

Uganda, Feb. 23 -- Uganda exported merchandise worth $371.81 million in December 2022, indicating an increase of 10.7 percent from $335.77 million registered the month before, helping the government t... Read More