Uganda Posts Better Economic Outlook for October 2025
The Ministry of Ministry of Finance, Planning and Economic Development (MoFPED) has released data indicating a positive economic outlook for the month of October, 2025 as...
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“inflows”
Gold on pace for its best year since 1979 — but one analyst thinks prices have peaked
Gold (GC=F) futures sat near $4,000 per ounce on Friday, remaining steady after last month’s sharp sell-off but raising questions over where the precious metal is heade...
The price of gold is skyrocketing
Why speed of the upswing has been much faster than analysts predicted and why the rally is likely to continue?COMMENT | LUKE HARTIGAN | The price of gold surged above US$...
New Report Links Kenya to Gold Smuggling From Sudan and DRC
Kenya has become a key hub for smuggling and resale of gold sourced from South Sudan, Sudan, and the Democratic Republic of Congo, according to a recent report by SwissAi...
Private Sector Output Rises Further in April Amid Upturn in New Orders
Private sector operating conditions during April remained encouraging as the headline Stanbic Purchasing Managers’ Index (Stanbic PMI) rose to 55.3, up from the 52.9 re...
Electricity Costs to Remain High Due to Expensive Investments - Prof Nuwagaba
Speaking at the Diaspora Exchange Forum hosted by Equity Bank, under the theme “Re-Routing Back Home: Funds Transfer for Powering Personal and Continental Growth,” Pr...
Uganda shilling strengthens against dollar - BoU
Bank of Uganda has said in its monetary policy report of October 2024, which it released on Monday that in the three months to September 2024, the shilling appreciated by...
Economy posts positive results despite negative predictions
The country’s economic performance got a positive nod in the second quarter of the year, between April and June 2024, expanding by 6.6 percent, despite predictions by a...
Foreign reserves fall to all time low
High public service costs continued to weigh heavily on Uganda’s foreign reserves, resulting in a drawdown of $144.1m (Shs528.7b) in the three months to July. In detail...
Economy still faces several risks, says BoU
Bank of Uganda (BoU) has warned that there still exist risks such as geopolitical tensions, which could push up energy prices and freight costs, resulting in higher infla...