AGP Executive Report
Last update: 2 hours agoShilling Pressure: Bank of Uganda Governor Michael Atingi-Ego says the shilling’s weakness reflects a widening current-account deficit and softer investment flows, not the sovereignty law. The central bank has raised its policy rate to 12% to curb inflation and currency pressure, while traders warn rising dollar costs are squeezing businesses. Oil Investment: Uganda’s planned $4 billion Hoima refinery is targeting a February 2027 investment decision, but key agreements remain unfinished and engineering is about 80% complete. Healthcare Investment: Mauritius-based C-Care has acquired Kampala’s Roswell Hospital, expanding its Ugandan network to six hospitals and 17 clinics. Public Finance: Government released Shs21.82 trillion for the second quarter, with Shs10.75 trillion set aside for debt payments. Kampala is also seeking a new IMF programme to unlock cheaper financing and bolster investor confidence. Regional Trade: Ugandan traders say border delays and costly clearance threaten exports to South Sudan, a key market where annual trade is about $700 million.
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