MTN Uganda turns to Starlink as satellite internet competition grows
But the commercial opportunity will depend on whether satellite connectivity can be delivered at a price that businesses can sustain
Latest news
The newest business, economic and financial stories from Uganda, East Africa and Africa.
MTN Uganda opens digital training centre for teachers
Uganda turns to Danish technology to boost agricultural exports
Uganda courts EU capital for clean energy
Uganda is seeking European investment, technology and financing partnerships to expand renewable energy generation and improve electricity access as the government looks…
Stanbic invests Shs40m to maternal care in Obongi Health Centre IV
Stanbic Bank Uganda has donated Shs40 million worth of medical equipment and supplies to Obongi Health Centre IV in Obongi District, West Nile sub-region in…
Nedbank’s NCBA deal sharpens contest for Africa’s banking market
South Africa’s Nedbank has secured a route into East Africa through its acquisition of a controlling stake in Kenya’s NCBA Group, intensifying the contest among African…
MTN Uganda awards first motorcycle in Shs42m music promotion
MTN Uganda has handed over the first motorcycle under the second season of its Digida N’akayimba Ko promotion, as the telecommunications company expands a campaign…
Uganda’s 12% interest rate hike threatens growth
Uganda’s central bank has raised its main interest rate for the first time in two years, increasing borrowing costs in a move aimed at controlling rising prices. The…
Kenya Pipeline profit rises 13% as company targets regional expansion
Kenya Pipeline Company Plc has reported a 13% increase in annual profit after tax to KSh11.58 billion ($89.3 million), as higher petroleum volumes and improved operating…
NCBA Bank Uganda waives digital transaction fees
NCBA Bank Uganda is waiving fees on selected digital banking transactions until Dec. 31, seeking to attract customers to its online platforms and reduce the cost of…
Uganda wants factories, not just foreign friends
Uganda is seeking investment from Thai companies in manufacturing, mineral processing and agriculture as it steps up efforts to grow its economy to $500bn (£372bn) by…
AgricultureOpinion
Rethinking finance for Uganda’s growth
Uganda’s next phase of economic transformation will not be determined simply by how much capital the country can mobilise, but by where that capital flows, what it…
Kenya plans $38.5m SGR extension to Tanzania
Kenya plans to invest an initial $38.5m in extending its standard gauge railway (SGR) towards Tanzania, in a move that could reshape freight transport, deepen regional…
Uganda’s digital divide is about more than internet access
The digital revolution has a habit of making its benefits look easier to reach than they really are. A smartphone may put the internet in someone's pocket, but that does…
Africa seeks to rewrite the rules of credit risk with new rating agency
For years, African governments have complained that the way their economies are assessed by international credit rating agencies does not always reflect the realities on…
IndustryAnalysis
Uganda adds sugar mill as output outpaces domestic demand
Uganda’s decision to add another sugar mill to an industry already producing a sizeable surplus reflects the country’s broader push to turn agriculture into a source of…
Africa launches its own credit rating agency to cut borrowing costs
Africa is taking aim at how its credit risk is assessed as the African Union launches its own continent-wide credit rating agency in Mauritius today, seeking to give…
FinanceOpinion
Africa’s new credit agency: why it’s needed
The African Peer Review Mechanism frames the new agency not as a challenger to the world’s big three – Moody’s, S&P Global Ratings or Fitch – but as complementary.