The Annual Headline Inflation rate for the year ending September 2013 rose to 8.0% from the 7.3% registered for the year ended August 2013, according to the National Bureau of Statistics Press Statement.

Uganda's central bank raised its central bank rate (CBR) by 100 basis points to 12.0 percent, saying a "modest tightening of monetary policy should act to discourage economic agents from raising non food prices in response to the food price shocks and should counter any rise in inflation expectations."

Uganda's central bank cut its central bank rate (CBR) by 100 basis points to 11.0 percent to stimulate domestic demand while the outlook for inflation improves and the forecast is cut.

Bharti Airtel Ltd., India's largest telecommunications company, Tuesday said it agreed to buy the Warid Group's telecom operations in Uganda.