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Uganda is grappling with double-digit inflation as spillover effects of the global economic decline filter through the domestic economy, the country's central bank, Bank of Uganda (BOU) has said.Domestic inflation hit double digits for the first time
During the year ended June, according to Bank of Uganda, cheque payments dropped from Shs7 trillion in June 2021 to 6.5 trillion
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The East African Community was the major destination for Uganda’s exports in July 2022, accounting for 57.7 per cent of the export receipts
The world’s three largest economies—the United States, China, and the euro area—have been slowing sharply.