Uganda’s digital divide is about more than internet access
On October 8, 407 people, mostly young people and women, graduated from a three-week digital and financial literacy programme in Pader and Lamwo districts
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The newest business, economic and financial stories from Uganda, East Africa and Africa.
Africa seeks to rewrite the rules of credit risk with new rating agency
IndustryAnalysis
Uganda adds sugar mill as output outpaces domestic demand
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.
Kenya’s first Ebola case raises fears for its tourism industry
Kenya has confirmed its first case of Ebola, raising concerns about the possible impact on the country's tourism industry just as it hosts one of the region's major…
Uganda gets US$8m Iceland grant for schools and basic services
Thousands of residents in three Ugandan districts are expected to benefit from improved schools, water and sanitation services under an US$8 million (Shs32 billion)…
Uganda, EU deepen push to unlock private investment and trade
Uganda and the European Union are seeking to deepen economic ties by mobilising more private investment, expanding trade and combining development funding with financing…
TelecommunicationsOpinion
Healthcare should be everyone’s business
I heard someone once say, “You can have a million problems in the world, but when you have a health problem, you have only one problem.” It is a simple thought, but it…
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13 trillion) every year in perishable agricultural exports due to persistent border delays, poor infrastructure, and outdated…
UDB gets UGX104 Billion to power SME growth
The Uganda Development Bank (UDB) has clinched a USD30 million (UGX 104 billion) financing facility from the Islamic Corporation for the Development of the Private…
High food prices push annual inflation to 4.0%
Uganda’s annual headline inflation for the year ending September 2025 rose to 4.0%, up from 3.8% in August, which reflects ongoing volatility in the market, largely…
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…