Report
Research Team

Uganda Coverage August 2018

• Headline inflation picks up further to 3.8% y/y in August
• 91-day T-bill yield edges down at this week's primary auction
• Army detains soldiers alleged in beating MP, opposition supporters
• MP, opposition supporters alleged in treason released on bail
• MP arrested for stoning presidential convoy charged with treason
• Tensions remain high as protests against MP arrest continue
• Coffee export volume drops by 8% y/y in July
• 91-day T-bill yield falls at this week's primary auction
• Foreign trade deficit widens further in June
• Private sector credit growth accelerates to 10.4% y/y in June
• Coffee export volume drops by 25.6% y/y in June
• Gross foreign reserves drop by 3.1% m/m to USD 3.2bn at end-June
• Central bank leaves key policy rate unchanged
• Yields climb further at this week's primary T-bond auction
• PMI continues indicating private sector growth in July
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