AGP Executive Report
Last update: an hour agoMonetary Policy: The Bank of Uganda raised its benchmark rate by 2.25 points to 12% at an emergency meeting, seeking to steady the shilling and contain inflation. The move may also make loans costlier as the bank warns inflation could reach 7.5% over the next year. Ebola Watch: Kenya confirmed a second Ebola case in a relative of its first patient, who had travelled through Uganda before being diagnosed. The new case was already in quarantine; Uganda says it is tightening screening at its DRC border. Mining and Investment: Uganda’s Energy Minister called for African countries to capture more value from minerals through processing and industrial development. Separately, Uganda ranked fourth in the 2026 Africa Financial Markets Index, ahead of Kenya in fifth place. Oil and Infrastructure: Uganda’s oil company says production could begin by June 2027, with the East African Crude Oil Pipeline 92% complete. Meanwhile, a minister told Parliament the digital number-plate deal is not legally binding, renewing scrutiny of the costly vehicle-tracking project.
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