Activity reports

  • Activity report BOA-Uganda 2013
    Following a year of economic turbulence, the Ugandan economy made remarkable strides in 2013
    despite a rise in headline inflation from 5.3% at the end of 2012 to 6.7% at the close 2013. The
    economy gained momentum and grew by 5.1% compared to the revised growth of 3.4% in 2011/12
    spurred by growth in construction, transport and communication, manufacturing, and real estate
    activities. Though the growth deviated from the targeted trend of 5.6% due to spillover effects from
    the global economy, the effects of fiscal consolidation and the lagged impact of the tight monetary
    stance in 2012, Uganda’s investment profile improved leading to the recognition of the work done
    by the Central Bank, under the stewardship of Prof. MUTEBILE, by the AFRICAN INVESTOR GROUP
    in association with INTERNATIONAL FINANCE CORPORATION, MULTILATERAL INVESTMENT
    GUARANTEE AGENCY and WORLD BANK. He was awarded an accolade as the Central Bank
    Governor of the Year 2013.
    ...
    2013
  • Activity report BOA-UGANDA 2012

    This year we are celebrating our Group’s 30th Anniversary.
    BANK OF AFRICA was established at a time when the West African banking sector experienced serious difficulties. The founder’s goal of the first BANK OF AFRICA, BOA-MALI, created in 1983 and then headed by Paul DERREUMAUX, was to fill a gap by creating a private African bank, with African capital, and dedicated to serving the African economy.

    ...
    2012
  • Activity report BOA-UGANDA 2011

    The Ugandan economy remained resilient in 2011 despite bouts of both domestic and external shocks. The latter half of the year was characterized by an unprecedented set of challenges including high inflation, high interest rates and a steady depreciation of the Uganda Shilling. The year saw inflation touch its highest in over two decades, soaring from 5.0% in January 2011 to 30.5% in October 2011 before dropping to 27% in December 2011. This high inflation is likely to continue exerting pressure on household disposable income and will remain a major challenge to the macro-economic stability objective in 2012.

    ...
    2011
  • Activity report BOA-UGANDA 2010

    While 2010 remained a challenging operating environment, the
    Ugandan economy maintained an upward growth trend and
    attained 6.7% growth despite the economic recovery slowdown
    in major countries and the fiscal problems in some European
    countries.
     

    ...
    2010
  • Activity report BOA-UGANDA 2009

    The Ugandan economy remained resilient and is estimated to have grown by 7% in 2008/9
    despite the effect of the recession in the advanced and emerging market economies
    emanating from the Global financial meltdown.
     

    ...
    2009
  • Activity report BOA UGANDA 2008
    2008
  • Activity report BOA-UGANDA 2007
    2007
  • Activity report BOA-UGANDA 2006
    2006