Uganda incurs UGX13 Tn export losses – report
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13 trillion) every year in perishable agricultural exports due to persistent border delays, poor infrastructure, and outdated trade systems.
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The newest business, economic and financial stories from Uganda, East Africa and Africa.
Museveni salutes Kiira Motors over innovation, jobs
President Yoweri Museveni has described Kiira Motors Corporation as a major leap in Uganda’s journey toward self-sustaining economic growth following the launch of the…
New MTN MoMo campaign to promote kyeyo remittances
MTN MoMo Uganda has launched a campaign aimed at expanding its footprint in the remittances market. The company has also rolled out seamless cross-border payments…
NSSF pays out record UGX 2.79 trillion to members
Each National Social Security Fund (NSSF) member will receive an average of UGX1 million credited on their pension account, thanks to the 13.5 percent interest rate that…
ICEA LION unit trust tops UGX 468 billion
ICEA LION Asset Management has announced a robust performance for its Unit Trust Funds for the fiscal year ending December 2024, marked by significant growth in assets…
URA offers 100% tax amnesty on interest, penalties
Taxpayers that clear their outstanding principal tax liabilities will be exempted from paying interest and penalties, the Uganda Revenue Authority (URA) has announced.
Building Beyond The Dream: Five Truths For Africa’s Entrepreneurs
Every thriving company you see today began as a fragile idea, exciting but also terrifying. I know this because I’ve lived it. As the eldest daughter in a Ugandan…
World Bank warns Uganda over climate change impacts
Without strong action, climate change could cut Uganda’s economic growth by up to 3.1% by 2050, pushing more than 613,000 people into poverty and turning 12 million more…
MTN wins 2025 Employer of the Year accolade
MTN Uganda has been named Employer of the Year 2025 by the Federation of Uganda Employers (FUE), winning the Gold Category award for the second consecutive year.
NSSF bullish as earnings hit UGX3.52 trillion
The National Social Security Fund (NSSF) has posted earnings worth UGX3.52 trillion for the Financial Year ending June 30, 2025, raising hopes that the interest rate…
BoU to raise UGX355 bn in Treasury Bills auction
BoU to raise UGX355 bn in Treasury Bills auction
Uganda, Japanese bank sign financial cooperation deal
Uganda has taken a leap in attracting long-term investment, following the signing of a landmark memorandum of understanding (MoU) with the Japan Bank for International…
Govt set to sign UGX15 Trillion refinery contract
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…
African postal body, EABC sign partnership MoU
The East African Business Council (EABC) and Pan African Postal Union (PAPU) have signed a landmark Memorandum of Understanding (MoU) aimed at strengthening cooperation…
NITA-U renews fight against rising cybercrime
The National Information Technology Authority-Uganda (NITA-U), working with the Personal Data Protection Office (PDPO), has launched a nationwide campaign dubbed ‘Beera…
Gov’t holds talks with top MTN Group Fintech bosses
MTN Group Fintech Directors are in Uganda for a high-level engagement with regulators and other key stakeholders. The visit highlights Uganda’s central role in the…