Uganda’s EAC Trade Deficit Widens to $809 Million as Imports Surge
Uganda’s trade deficit with the East African Community (EAC) widened to 809 million US dollars in August 2026, as imports from Kenya and Tanzania far outstripped exports, according to data compiled by the Uganda Development Bank (UDB) research department. Uganda earned 241.29 million dollars from exports to the regional bloc, while imports amounted to 1.05…
dfcu Bank Unveils First Report to Society, Highlights Support for 6,527 SMEs
dfcu Bank has launched its inaugural Report to Society 2025, documenting its contribution to Uganda’s economic and social development through business financing, women’s entrepreneurship, community healthcare and environmental initiatives. The report, unveiled at Serena Hotel in Kigo, highlights the bank’s efforts to expand financial inclusion, strengthen small and medium-sized enterprises (SMEs), support livelihoods and promote…
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The Shilling Crisis Exposes the Cost of Growth Without Better Livelihoods
The weakening shilling is forcing households to reconsider how they spend their money, but the government’s call for people to adjust their lifestyles has equally raised a mixed reaction. Amidist the debate, some are asking: how much of the economic strain is caused by external shocks, and how much reflects vulnerabilities within the domestic economy?…
Wakida Blames Domestic Economic Pressures for Uganda’s Weakening Shilling
Kabweri County Member of Parliament Patrick Godfrey Wakida has blamed Uganda’s weakening shilling on domestic economic pressures, including declining foreign currency inflows, investor uncertainty and rising demand for dollars, arguing that the country’s economic challenges cannot be explained solely by external shocks. In an October 9th, 2026 statement posted on his X handle, Wakida said…
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Steel & Tube Industries Wins Two Awards at 32nd Uganda International Trade Fair
Steel & Tube Industries Ltd has won two awards at the 32nd Uganda International Trade Fair, recognising its contribution to Uganda’s manufacturing and construction sector. The company was named Best Sector Exhibitor in Building, Construction and Housing Technology and also received an Appreciation Award as an InKind Partner of the 32nd Uganda International Trade Fair.…
AU Launches Africa Credit Rating Agency in Mauritius
The African Union has launched the Africa Credit Rating Agency (AfCRA) in Port Louis, Mauritius, in a move aimed at strengthening Africa’s position in global financial markets and improving how the continent’s economies are assessed. The agency was officially launched on Wednesday, October 7, 2026, following years of work endorsed by African leaders. Mauritius was…
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