Economy Stories
Exports slump as coffee crisis bites..
Nov 25th, 2024Pedson MumberePeterA new report by the Ministry of Finance, Planning and Economic Development has indicated that Uganda’s export earnings dropped by UGX 410.4 billion ..
Uganda among top 20 FDI destinations in 2024 ..
Uganda has been named among the top 20 investment destinations on the African continent in 2024...
Likely implications of Trump return for Africa..
Across Africa, Donald Trump’s forth-coming second term holds various implications for the continent and its development agenda. The United States re..
US election: Africa hoping for the better..
Voters in the United States today go to the polls to choose the 47th president of what is the world’s largest economic and military superpower, in a..
Optimism as Uganda nears full BRICS nod..
Uganda has become one of the two African countries that have been admitted into the BRICS alliance in the category of ‘partner states.’..
Uganda gets positive IMF growth projection..
The International Monetary Fund (IMF) has painted a positive picture of Uganda’s economic growth prospects, posting a 5.9% growth projection, accord..
Optimism as national economy registers 6.6% gr..
Optimism as national economy registers 6.6% growth..
BoU slashes key rate to 9.75% from 10.25%..
The Monetary Policy Committee (MPC) of the Bank of Uganda has announced a significant reduction in the Central Bank Rate (CBR), lowering it by 25 basi..
EADB gets positive credit ratings review..
The East African Development Bank's (EADB), the region’s premier development financial institution, has received positive credit results from a revi..
Charcoal hikes September inflation by 0.2%..
Uganda experienced a notable increase in inflation in September 2024, as headline inflation rate soared by 0.2%, consistent with the previous month. ..
EADB launches UGX68 bn fund for Ugandan SMEs..
The East African Development Bank (EADB), the region’s leading development financial institution, has launched a new $15 million (about UGX68 billio..
Anxiety as donor aid taps shrink further..
During the recent presentation of the Budget Strategy for the Financial Year 2025/2026, officials from the Ministry of Finance, Planning and Economic ..
IMF cautions Ugandan banks over treasury bonds..
In a new report, the International Monetary Fund (IMF) has warned commercial banks against overreliance on Government securities saying it raises seri..
URA exceeds August target by UGX27 billion ..
The Uganda Revenue Authority (URA) has reported an impressive performance for August, with revenue collections surpassing the set target. ..
2025/26 budget strategy to focus on four pivot..
The Government is outlining an ambitious strategy for the 2025/2026 fiscal year, aimed at steering the country towards a fully monetized and formalize..
Amongi drops Dr. Kimbowa from NSSF Board..
Gender, Labour and Social Development Minister Betty Amongi has appointed David Ogong as the new chairperson of the new Board of Directors for the Na..
Gov’t arrears threaten URA performance..
Uganda's revenue collection is facing a serious threat from the growing backlog of government arrears, which is straining the Uganda Revenue Authority..
UBOS reports rise in August inflation..
The Uganda Bureau of Statistics (UBOS) has released the Consumer Price Indices and Inflation report for August 2024, highlighting a slight increase in..
Optimism as Central Bank cuts key rate to 10%..
The Bank of Uganda (BoU) has slashed the Central Bank Rate (CBR) by 25 basis points to 10%, a development that experts say would have significant impl..
Inflation hits highest level in 12 months..
High cabbage, fish and Irish potatoes prices were the primary drivers of the 4% annual inflation in July, the Uganda Bureau of Statistics (UBOS) has i..
Uganda nets UGX 80 billion from visa fees..
The Directorate of Citizenship and Immigration Control (DCIC) has reported a substantial increase in revenue from visa visa fees for the 2023/2024 fis..
Concern over fewer girls in vocational institu..
The low enrolment and completion rates for girls in Uganda’s Technical Vocational Education and Training (TVET) programmes should be a serious conce..
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 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 ..
.jpeg)
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
BoU to review StanChart’s exit plan from Uga..
The Bank of Uganda (BoU) is set to assess a proposal from Standard Chartered Bank Uganda regarding t..
WTO boss Ngozi Okonjo-Iweala given second term..
The General Council of the World Trade Organization (WTO) has agreed by consensus to reappoint Dr. N..
August coffee exports set new 838,000 bags re..
Uganda’s coffee industry soared to new heights in August 2024, earning UGX820 billion from exports..
KK Security rebrands to GardaWorld Security..
KK Security has officially transitioned to GardaWorld Security in Uganda, marking a significant shif..
Digital skills for youth must be an urgent pri..
"I can’t believe this is happening! We have computers now!" exclaimed Aisha Nakalema, a student at..
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..
BoU to review StanChart’s exit plan from Uga..
The Bank of Uganda (BoU) is set to assess a proposal from Standard Chartered Bank Uganda regarding t..
Anxiety as donor aid taps shrink further..
During the recent presentation of the Budget Strategy for the Financial Year 2025/2026, officials fr..
Kidepo National Park to get posh airport, hote..
The Government of Uganda has reached an agreement with the Sharjah Chamber of Commerce and Industry,..
BoU to review StanChart’s exit plan from Uga..
The Bank of Uganda (BoU) is set to assess a proposal from Standard Chartered Bank Uganda regarding t..
Watu opens Uganda’s first boda boda training..
In a pro-active move aimed addressing the urgent need for road safety and professional motorcycle tr..
Uganda among top 20 FDI destinations in 2024 ..
Uganda has been named among the top 20 investment destinations on the African continent in 2024...
Uganda, South Sudan moot joint dam projects..
Pal Mai Deng, the South Sudanese minister of Water Resources and Irrigation, has submitted a memo to..
Uganda, 15 countries set for electricity trade..
The Eastern Africa Power Pool (EAPP), an intergovernmental organization that was established to prom..
WTO boss Ngozi Okonjo-Iweala given second term..
The General Council of the World Trade Organization (WTO) has agreed by consensus to reappoint Dr. N..
Likely implications of Trump return for Africa..
Across Africa, Donald Trump’s forth-coming second term holds various implications for the continen..
Optimism as Uganda nears full BRICS nod..
Uganda has become one of the two African countries that have been admitted into the BRICS alliance i..