On July 8, 2016, S&P Global Ratings affirmed its 'B/B' long- and short-term foreign and local currency sovereign credit ratings on the Republic of Uganda. The outlook is stable.

Bank of Uganda (BoU) yesterday reduced its key policy rate, Central Bank Rate (CBR) to 15 per cent from 16 per cent, a move it said is aimed at lifting the economy from slow to higher growth rate in the near future.

Ride-sharing app Uber has launched its operations in Kampala, Uganda, with free rides between 1pm Thursday and midnight on Sunday 5 June 2016.

Uganda's Central Bank has lowered its policy rate by one percentage point to 16 per cent in its bid to shore up an economy whose growth contracted during the first three months (January-March) of this year.