BY PAUL TENTENA
According to the state of the economy report, prepared by the Private Sector Foundation Uganda (PSFU) Policy Advocacy Unit, the first half of the year was headlined by uncertainties in the macroeconomic environment characterised by high interest rate, exchange rates volatility, corruption and dampened demand.
The report that covers January to June 2017 says: “Analysis of Uganda’s economic situation for the first half of 2017 depicts mild headline inflation, at an average of 6.6%, reduced but uncompetitive commercial banks’ lending rates, average of 21.7% and the continued depreciation of the Shilling against the USD at average of Shs3,604.