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Well aware that the Gov’t recognises ICT as an enabler of development, we believe that connectivity alone does not generate income; digital literacy must move beyond basic familiarity to practical application to convert access into value
Economic Digest
Grid Watch
The construction of the East African...
The Uganda National Oil Company (UNOC) is edging closer to finalizing Front-End Engineering Design (FEED) contracts for the country’s first oil refinery, a $4 billion (UGX 15.2 trillion) project.
Uganda has officially rolled out a national biofuel blending programme that will see petrol mixed with ethanol extracted from crops such as maize, cassava, and sugarcane, a development expected to enhance energy security, reduce environmental degradation, and significantly raise farmer incomes.
Uganda National Oil Company (UNOC) is on the lookout for a joint venture partner to help it explore and develop an oil block in the western part of the African country, a spokesperson for the state-owned oil firm told Reuters on Wednesday.
The Uganda Electricity Distribution Company Limited (UEDCL) has embarked on an ambitious plan to add up to 225,000 new electricity connections across the country within the next eight months, signalling a new era in power distribution since acquiring the distribution license last year.
Market Pulse
Business
Commercial banks in Uganda have declared their readiness to finance both large-scale... Read More...
Uganda’s financial sector is undergoing a rapid transformation, with digital finance infrastructure......
This year's campaign will be even better than that of 2025 when MTN MoMo supported over 70 winners across the country, distributing more than UGX150 million in school fees prizes.
The transaction is subject to regulatory approvals, a process that is expected to take between 6-9 months
Barely two years ago, SBG Securities joined an industry that evolved from a niche financial product into the cornerstone of the country's domestic savings mobilization strategy.
Cross Border
Historically marred by protectionist quotas and non-tariff barriers, sugar trade between the two neighbors is booming following a landmark 2025 Free Trade Agreement.
Export growth to DRC highlights the potential of intra-African trade to drive national development
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.
The East African Community (EAC) has posted a remarkable economic milestone, registering a trade surplus of USD800 million in the first quarter of 2025.
President Yoweri Kaguta Museveni of Uganda and President William Ruto of Kenya have signed seven new landmark agreements aimed at easing trade frictions and accelerating economic growth between the two countries.
Edge Watch
Telecom Front
MTN Uganda, in partnership with WWF Uganda, will this weekend send the winners of the inaugural Pachi Panda Innovation Challenge to South Africa for the continental finals. In this second instalment of our three-part Pachi Panda series, we turn our focus to Kampala Buzzline in action; a community initiative that restores pollinator habitats in the city while engaging residents in climate education, citizen science, and green livelihoods.
MTN Uganda, in partnership with WWF Uganda, will this weekend send FarmGate......
MTN Mobile Money Uganda has unveiled its 2026 “Win school fees for......
MTN Uganda was recently recognized by the Uganda Revenue Authority for contributing......
Well aware that the Gov’t recognises ICT as an enabler of development, we believe that connectivity alone does not generate income; digital literacy must move beyond basic familiarity to practical application to convert access into value
Mining & Minerals
dfcu Bank has reaffirmed its commitment to empowering Ugandan enterprises to seize......
Africa is poised for substantial growth in its refining capacity, set to......
The East African Crude Oil Pipeline (EACOP) project is going on according to schedule, with an official stating that the pipeline has now reached 58% completion.
EACOP Ltd., the company in charge of the construction and future operation of the East African Crude Oil Pipeline project from Kabaale in Uganda to Tanga in Tanzania, has announced that it has closed the first tranche of external financing for the project, provided by a syndicate of financial institutions including regional banks such as African Export Import Bank (Afreximbank), the Standard Bank of South Africa Limited, Stanbic Bank Uganda Limited, KCB Bank Uganda and The Islamic Corporation for the Development of the Private Sector (ICD).
Several influential world leaders have opted not to attend an action summit this week at the center of climate talks in Azerbaijan. High on the agenda is a deal to boost climate funding for developing countries.
