AGP Executive Report
Last update: 9 hours agoMonetary Policy: Bank of Uganda raised its benchmark rate to 12% to curb inflation and shilling pressure, while lowering its 2026/27 growth forecast. The shilling rebounded after the move, but higher borrowing costs could weigh on businesses. Regional Trade: Uganda and Kenya agreed to remove remaining barriers to goods movement, while Uganda and South Sudan signed a trade MoU to tackle delays and costs. Kampala says exports to South Sudan have reached $700 million a year. Energy: Parliament suspended enforcement of the charcoal trade ban pending a government review of alternatives, after traders reported billions of shillings in stranded stock and households faced limited affordable cooking options. Infrastructure: Government plans a Shs175 billion advance to support work on the Kampala–Hoima highway, including reconstruction of Kafu Bridge. Value Addition: President Museveni urged the EU to invest in local processing of African raw materials, arguing that manufacturing products such as coffee locally can create jobs and capture more value.
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