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Uganda is losing up to $3.5 billion (UGX 13 trillion) every year in perishable agricultural exports due to persistent border delays, poor infrastructure, and outdated trade systems.
Economic Digest
Market Pulse
Business
The Uganda Development Bank (UDB) has clinched a USD30 million (UGX 104 billion) financing facility from the Islamic Corporation for the Development of the Private Sector (ICD). The partnership marks the first-ever Islamic Line of Finance not only in Uganda but also in the entire East African region, ushering in a new era of ethical and inclusive financing.
Edge Watch
Telecom Front
MTN MoMo Uganda has launched a campaign aimed at expanding its footprint in the remittances market. The company has also rolled out seamless cross-border payments between Uganda and Tanzania and a new partnership with Dubai Duty Free to strengthen remittance services for Ugandans abroad.
