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latest market news and reviews
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Agroecology week kicks off in Kampala as PELUM Uganda partners with govt
KAMPALA, October 24, 2023 – PELUM Uganda in collaboration with the ministries of Agriculture, Animal Industry and Fisheries [MAAIF], Trade, Industry and Cooperatives [MTIC], and National Agroecology Actors has organised the National…
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Lending rates surged to 18.4 percent in August, says report
KAMPALA, October 18, 2023 – Lending rates for the shilling-denominated credit increased in August 2023 to 18.4 percent from 17.95 percent in July 2023, according to the latest Performance of the Economy…
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Uganda’s exports rose 17.6 percent in August
KAMPALA, October 17, 2023 – Uganda’s exports in August 2023 fetched the country US$ 669.88 million, an increase of 17.6 percent from US$ 569.78mln earned in the month earlier, the Ministry of…
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Banking sector remains resilient despite weak economic growth
KAMPALA, October 17, 2023 – The Ugandan banking sector remained resilient despite weak economic growth prospects, heightened inflation, and elevated geopolitical tensions, says the Bank of Uganda [BoU] in its Annual Report…
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BoU appoints eight commercial banks as Primary Dealer Market Makers
KAMPALA, September 28, 2023 -The Bank of Uganda [BoU] has appointed eight commercial banks as Primary Dealer Market Makers [PDMM] effective October 1, 2023. According to Kenneth Egesa, Director Communications at BoU,…
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Release of Absa Africa Financial Markets Index 2023 slated for October 12
MARAKKECH, September 25, 2023 – The Absa Africa Financial Markets Index 2023 will be released on October 12, 2023, in Marrakech, Morocco, according to the organisers. Now in its seventh year, the…
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NTBs and national protection impeding intra-EAC trade, says official
ARUSHA – Non-tariff Barriers [ NTBs ] and protectionism at the national level have been identified as the key factors impeding the growth of intra-EAC trade. The East African Community [EAC] Secretary…
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Africa coffee exports plummet 7.2 percent
KAMPALA – Exports of all forms of coffee from Africa decreased by 7.2 percent to 1.14 million bags in May 2023 from 1.23mln bags in May 2022, says International Coffee Organisation [ICO]…
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Uganda’s January 2023 exports jump 8.8 percent
KAMPALA – The value of Uganda’s exports in January 2023 rose by about 8.8 percent to US$ 404.46 million from US$ 371.81mln registered the previous month, mostly due to higher receipts for…
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Uganda’s December 2022 export earnings rose 10.7 percent
KAMPALA-Uganda’s export commodities earned the country US$ 371.81 million in December 2022, indicating an increase of 10.7 percent from US$ 335.77mln registered in the previous month, according to the latest Performance of…
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