Kudos to B.O.U but with aid cuts, all eyes are on the private sector for 2013

Midway the 2012/13 financial year, the festive season has been a clear reflection of the kind of year 2012 has been for the Ugandan economy with a Christmas characterised by vendors, open shops and unusual activity on the outskirts of Kampala and in Mbarara. Continue reading

East Africa, resilient amidst the Global Economic Storm

East Africa is no doubt one of the fastest growing regions on the continent, with a GDP growth rate for the bloc averaging 6.3 per cent, compared to 4.9 per cent for the continent as of 2010. Even with the tough economic times, the economies still grew at 3.2 per cent, 4.4 per cent, 6.4 per cent and 8.6 per cent respectively for Uganda, Kenya, Tanzania and Rwanda, according to IMF.

Continue reading