After contracting by 1.6 percent in 2020, Uganda's economy recovered to 3.7 percent in 2021. Stable prices in 2020 and 2021, with an inflation rate of 2.1 percent in 2021 led the Central Bank to reduce its policy rate from 9 percent to 6.5 percent in both years. The current account deficit remained high́ at 9.2 percent of GDP. Development finance, remittances, and FDI financed this deficit, while the SDR allocation increased reserves by 1.3 percent of GDP. (Download detailed Analysis Source : Report African Economic Outlook 2022 ; AfDB)
At the end of 2016, the Ugandan banking sector represented a total asset of $7.0 billion.
Credit distributed to businesses represents $2.2 billion and, more broadly, credit to private sector totaling $3.3 billion.
The Uganda Securities Exchange accounted 18 listed companies, representing, at the end of 2017, a market capitalization of $6.6 billion.
Amounts invested by private equity represents $6 million.
