Economy
Uganda Faces Challenges with High Borrowing Rates and Limited Foreign Debt Sources
The Ugandan government is expected to increasingly rely on domestic borrowing to finance budget shortfalls as international financing options decline…
Gold, Oil and Gas Sector Dominates Surge in Foreign Direct Investments in Uganda
The value of foreign direct investments (FDI) in Uganda experienced a remarkable 80% growth in 2022, primarily driven by substantial…
US Excludes Uganda from Agoa, Impacting $40 Billion in Exports
US President Joe Biden terminated Uganda's participation in the African Growth and Opportunity Act (Agoa), impacting nearly Shs40 billion in…
Poor Nations Face Record Debt Servicing Expenditure
Record levels of debt and high interest rates have led many poor countries to spend approximately Shs335 trillion ($88.9 billion)…
Uganda’s $919.5 Million Loan Plan May Trigger 2% Surge in Treasury Bond Interest Rates
Uganda's Treasury decision to secure a Ush3.5 trillion ($919.5 million) loan from commercial banks for a supplementary budget could lead…
Uganda’s Annual Inflation Remains Stable at 2.6% in December 2023
In December 2023, Uganda's annual inflation rate remained constant at 2.6%, with various consumer goods maintaining consistent prices during the…
