Uganda

Weakening global demand is likely to weigh on Uganda's real GDP growth in 2009. However, with our estimated real GDP growth of 6.9% in 2008 forecast to ease to 6.5% in 2009, we still... 2008-11-04

The Ugandan shilling has been battered by the wave of risk aversion amid escalation of the credit crisis and concerns for global economic growth. Having broken through multi-year... 2008-10-31

The extreme volatility and uncertainty in international financial markets, combined with slowing global economic growth, continue to weigh heavily on sub-Saharan African (SSA) currencies.... 2008-10-08

East African currencies are suffering amid worsening global financial market turmoil and risk aversion, with the Kenyan, Tanzanian and Ugandan shillings all seeing losses in recent... 2008-10-07

In line with our bearish view, the Ugandan shilling has continued to weaken in recent days, trading at a five-month low of UGX1,674/US$ at one point on October 2. Having sustained... 2008-10-02

The pace of widening of the trade deficit has eased with the latest data release for July, However, despite robust coffee exports and an easing of global oil prices, we see Uganda's... 2008-09-26

Trading at one point at UGX1,656/US$ on September 24, the Ugandan shilling continues to extend its depreciatory reversal begun in June 2008, having lost 6.2% against the US dollar... 2008-09-24

As robust economic growth and high energy prices put upward pressure on the import bill, we expect Uganda's current account deficit to widen over the course of 2008. As energy prices... 2008-08-12

Despite the recent easing in global food and energy prices, Ugandan inflation has continued to accelerate in July, with headline prices growing by 13.7% y-o-y. Exposed to external... 2008-08-06

Uganda witnessed its largest annual inflation growth reading in over two years, posting CPI growth of 12.4% y-o-y, up from 11.2% y-o-y the previous month. This reading - the highest... 2008-07-01