Uganda, Kenya moot petrol pipeline plan revival
Regional counterparts Uganda and Kenya are set to revive a long-standing plan to construct a pipeline that will enhance the transportation of fuel between the…
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TotalEnergies acquires stake in Bujagali Power Dam
French energy giant TotalEnergies has signed an agreement with Scatec, a Norwegian renewable energy company, to acquire 100% of its subsidiary, SN Power.
Concern over fewer girls in vocational institutions
The low enrolment and completion rates for girls in Uganda’s Technical Vocational Education and Training (TVET) programmes should be a serious concern for…
Embassy of Norway to officially close next week
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 July 31.
Optimism as COMESA-EAC-SADC free trade area starts
The COMESA-EAC-SADC Tripartite Free Trade Area (TFTA) Agreement officially came into force following ratification by the requisite number of member States.
UDB registers UGX 50 billion profits
The Uganda Development Bank (UDB) has announced its 2023 annual performance report, highlighting its continued role in fostering economic resilience and…
Global electricity demand set to soar in 2024/2025
The world’s demand for electricity is rising at its fastest rate in years, driven by robust economic growth, intense heatwaves, and increasing uptake of…
Oil refinery deal awaiting FID, says Minister
Ugandans seeking employment in the oil refinery in the Albertine Graben need to be patient as the negotiations go on, Hon. Okasaai Opolot, the State Minister…
DTB plants UGX90m in Kasonke Forest Reserve
Diamond Trust Bank Uganda has entered a partnership with the National Forestry Authority to restore degraded parts of Kasonke Central Forest Reserve.
MTN gives Nawansega hospital UGX58m injection
MTN Uganda, through its philanthropic arm, MTN Foundation, has reaffirmed its commitment to improving healthcare access in Uganda with a significant donation…
Stanbic Business Incubator gets new boss
Stanbic Holdings Uganda Ltd has announced the appointment of Catherine Poran as the Chief Executive Officer of Stanbic Business Incubator.
Turkish, Chinese investors in trouble over wetlands
The Standards Utilities and Wildlife Court has sentenced Kerim Ray, a Turkish investor and Director of Yamani Construction Limited, to pay a fine of UGX200…
Uganda Airlines starts flights to Zambia, Zimbabwe
Effective this September, Uganda Airlines will start flying to two more African countries, following the announcement of flights to Harare in Zimbabwe and…
IMF projects modest global growth amid persistent inflation
The International Monetary Fund (IMF) has projected modest global economic growth over the next two years, driven by various regional dynamics, but cautioned…
Uganda boosts diplomatic, trade ties with France
The Deputy Speaker of Parliament, Thomas Tayebwa, has hailed the cooperation between Uganda and France in the areas of trade, investment and diplomatic…
Mixed reactions as Bank of Uganda goes for gold
The Bank of Uganda (BoU) says it is set to start buying gold from the local market, amid concern over the ramifications on the economy given the country’s…
‘Uncle Money’ wins MTN’s cheer-leader money
Team Uncle Money has been declared winners of MTN’s official Uganda Cranes Cheerleaders competition dubbed ‘Tulage faaya.’
Spiro unveils UGX3.8 million electric motorcycle
Spiro, a leading electric motorbike manufacturer and clean energy provider in Africa, has launched its electric motorcycles on the Ugandan market.