Economy Stories
Embassy of Norway to officially close next wee..
Jul 25th, 2024Business Edge ReporterPeterUgandans are set to feel the pinch as of lost jobs and business services as the Norwegian Embassy in Kampala officially closes its doors next week on ..
Optimism as COMESA-EAC-SADC free trade area st..
The COMESA-EAC-SADC Tripartite Free Trade Area (TFTA) Agreement officially came into force following ratification by the requisite number of member St..
IMF projects modest global growth amid persist..
The International Monetary Fund (IMF) has projected modest global economic growth over the next two years, driven by various regional dynamics, but ca..
Uganda boosts diplomatic, trade ties with Fran..
The Deputy Speaker of Parliament, Thomas Tayebwa, has hailed the cooperation between Uganda and France in the areas of trade, investment and diplomati..
Planning Authority warns on surging population..
The National Planning Authority has expressed concern about Uganda’s population, which has surged by 11.3 million since the last census...
EU, Enabel boost refugees with vocational skil..
More than 5,000 youth in refugee communities in the West Nile Region have been passed out after receiving vocational skills aimed at boosting their se..
Museveni sets up outfit to fight URA corruptio..
President Yoweri Museveni has set up a new unit at State House, aimed at keeping an eye on Uganda Revenue Authority and curb corruption in the tax adm..
Stop budgeting for corruption, CSOs tell MPs..
In a stirring call to action, Civil Society Organizations (CSOs) want Members of Parliament to eliminate budget allocations that enable corruption. ..
Survey shows private sector improvement in May..
The month of May saw a further improvement in the private sector’s performance, according the Stanbic Bank Purchasing Managers’ Index (PMI). ..
Uganda acquires $500m loan from S.Korea..
Uganda has signed an agreement with South Korea for a $500 million loan to help finance infrastructure building in the east African country, Uganda's ..
BoU maintains CBR at 10.25% as inflationary pr..
Bank of Uganda has kept its key rate unchanged at 10.25% in June unlike in the previous month when it was raised from 10%, which was prompted by risin..
Tomatoes, vegetables push inflation to 3.6%..
The escalating prices of tomatoes and fresh vegetables have been the primary drivers behind the rise in headline inflation rate in May. ..
Address drivers of rising national debt - expe..
Uganda’s debt risks are becoming more pronounced both in the short to medium term, largely attributed to poor debt utilization as one of the key cau..
Economic uncertainty as Uganda’s credit rati..
Global credit rating agency Moody’s Ratings has downgraded Uganda’s long-term foreign-currency and local-currency issuer ratings to B3 from B2, a ..
URA now to deploy drones in smuggling fight..
The Uganda Revenue Authority (URA) has said they are to invest in surveillance drones at porous border points in an effort to curb the vice of smuggli..
Physical planners' body warns on quacks as new..
Members of the Society of Professional Physical Planners of Uganda have elected new leaders as the government moves in to crackdown on imposters in th..
UBL sets up UGX20 billion cleaning facility ..
Uganda Breweries Limited, the maker of Tusker and Guinness, has commissioned a state-of-the-art effluent treatment plant, which officials said marks a..
URA tasked to sensitise traders on how Electro..
In January 2021, URA implemented EFRIS to tackle tax administration issues associated with business transactions and receipt issuance...
President Museveni Takes Over Chairmanship Of ..
Uganda has assumed the chairmanship of the Group of 77 plus China (G77+China)...
Uganda Listed Among Top Kyeyo Cash Recipients..
A new report by the World Bank has shown that Uganda is among the top ten recipients of money from nationals working abroad, commonly referred to as '..
There is a ready market, Museveni assures Fore..
President Yoweri Kaguta Museveni has wooed foreign investors to invest in Uganda, saying that the East African country has a lot of investment opportu..
President Yoweri Kaguta Museveni on Use ICT to..
President Yoweri Kaguta Museveni has cautioned Ugandans against using Information And Communications Technology (ICT) to promote importation of goods...
MTN Uganda delivers on promise to President Yo..
Wednesday 6th September 2023. Kampala, Uganda. MTN Uganda has fulfilled President Yoweri Museveni's call to action, rallying South African investors ..
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DTB SCOOPS THE MOST INNOVATIVE BANCASSURANCE A..
Diamond Trust Bank – DTB has been named the Most Innovative Bancassurance Agent in Uganda for the year 2022 at the prestigious Insurance Innovation..
Most Recent
Embassy of Norway to officially close next wee..
Ugandans are set to feel the pinch as of lost jobs and business services as the Norwegian Embassy in..
Optimism as COMESA-EAC-SADC free trade area st..
The COMESA-EAC-SADC Tripartite Free Trade Area (TFTA) Agreement officially came into force following..
UDB registers UGX 50 billion profits..
The Uganda Development Bank (UDB) has announced its 2023 annual performance report, highlighting its..
Optimism as COMESA-EAC-SADC free trade area st..
The COMESA-EAC-SADC Tripartite Free Trade Area (TFTA) Agreement officially came into force following..
Huawei to set up Digital Village Prototype in ..
President Yoweri Kaguta Museveni has held a meeting with a delegation from Huawei Technologies, at w..
Uganda Airlines boss cautions suppliers on qu..
Local suppliers have been urged to adhere to international quality standards if they are to benefit ..
MTN offers girls’ skilling initiative UGX270..
Smart Girls Foundation, a Kasangati-based girls’ skilling initiative, is set to receive an additio..
- Top Story
Manufacturers task Gov't, banks on high intere..
The Government wants commercial banks to lower the interest rates they charge manufacturers so as to..
- Top Story
MTN scoops fastest internet award..
Ookla, the global leader in internet testing and analysis, has announced MTN Uganda as the Fastest M..
Kidepo National Park to get posh airport, hote..
The Government of Uganda has reached an agreement with the Sharjah Chamber of Commerce and Industry,..
- Top Story
President Museveni Takes Over Chairmanship Of ..
Uganda has assumed the chairmanship of the Group of 77 plus China (G77+China)...
- Top Story
Crane Bank Sale: Top BoU, DFCU bosses face pro..
The Supreme Court of the United Kingdom has blocked DFCU Bank’s attempt to sidestep the prosecutio..
Embassy of Norway to officially close next wee..
Ugandans are set to feel the pinch as of lost jobs and business services as the Norwegian Embassy in..
Optimism as COMESA-EAC-SADC free trade area st..
The COMESA-EAC-SADC Tripartite Free Trade Area (TFTA) Agreement officially came into force following..
UDB registers UGX 50 billion profits..
The Uganda Development Bank (UDB) has announced its 2023 annual performance report, highlighting its..
- Top Story
Optimism as African Free Trade Area plan gains..
The African Union Assembly recently adopted key protocols and decisions affecting the African Contin..
Monzer named new MTN South Sudan boss..
The MTN Group has appointed Ali Monzer as Chief Executive Officer of MTN South Sudan, the country’s ..
- Top Story
EU Parliament endorses Kenya trade agreement ..
The European Parliament has endorsed an Economic Partnership Agreement with Kenya, paving the way fo..
IMF projects modest global growth amid persist..
The International Monetary Fund (IMF) has projected modest global economic growth over the next two ..
EU, Denmark offer UGX66 bn to Ugandan farmers..
The European Union (EU) and Denmark have announced funding amounting to more than UGX66 billion in a..
- Top Story
Dubai COP28 endorses new declaration, but with..
A new draft for the final declaration of the UN Climate Change Conference in Dubai does not include ..