Starlink internet launch pushed to 2025
US telecommunications giant Starlink’s launch in Uganda has been postponed to 2025.
Latest news
The newest business, economic and financial stories from Uganda, East Africa and Africa.
MTN leading way to cashless economy
In many developed countries, mobile payments, e-wallets and debit/credit cards, are now the most commonly used payment methods.
Exports slump as coffee crisis bites
A new report by the Ministry of Finance, Planning and Economic Development has indicated that Uganda’s export earnings dropped by UGX 410.4 billion in September.
Gov’t launches Buyende nuclear resettlement plan
The government has officially launched a Resettlement Action Plan (RAP) to facilitate the construction of the country’s first nuclear power plant in Buyende District.
Zero dividends as Vision Group losses worsen
Uganda’s largest media house, New Vision Printing and Publishing Corporation, has reported a further decline in its financial performance for the year ending June 2024…
MTN, Mastercard launch e-commerce platform
In another first, MTN Uganda has become the first subsidiary of the MTN Group to launch an e-commerce platform, aimed at giving Ugandans a seamless online selling and…
MTN Uganda staff release ‘Sunny Days’ song
In a bid to use music as a catalyst for positive energy at the workplace, MTN Uganda has released “Sunny Days”, a lively tune created by MTN Uganda employees under the…
Uganda among top 20 FDI destinations in 2024
Uganda has been named among the top 20 investment destinations on the African continent in 2024.
Relief as Gov’t sets interest rates for money lenders
In a bold move aimed at tightening the noose on unscrupulous money lenders, the Government has published Legal Instrument 21 of 2024, which caps interest rates on loans…
Electric boda boda cutting air pollution levels
On any given day in Kampala City, the streets are clogged with traffic, the air thick with exhaust fumes. In 2022, Kampala was on the list of the most heavily polluted…
DTB enters mobile phone lending segment
Diamond Trust Bank (DTB) and Credable Group have entered a partnership through which Ugandans will be able to borrow microloans via Airtel Money.
DTB customers to receive cash at no cost
Diamond Trust Bank Uganda (DTB) has partnered with Xpress Money, an international money transfer service, to enable customers to receive money in over 170 countries…
Uganda’s SGR project given to Turkish company
The Government of Uganda is set to officially hand over the construction of the Standard Gauge Railway (SGR) project to a Turkish company, following the signing of the…
Big names missing at COP29 in Baku
Several influential world leaders have opted not to attend an action summit this week at the center of climate talks in Azerbaijan. High on the agenda is a deal to boost…
Five men remanded after phone-flashing crackdown
A crackdown on the growing menace of identity theft, phone theft and flashing fraud has resulted in the arrest and prosecution of five men.
Unit trusts total assets soar to UGX 3.5 trillion
Uganda’s financial assets under management (AUM) in the Collective Investment Scheme (CIS) market have hit an all-time high, reaching UGX 3.5 trillion (approximately US$…
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 remains an important…
MTN profits top UGX460 billion in 9 months
MTN Uganda has announced a 29.6% year-on-year increase in profit after tax, totaling Shs 459.4 billion for the nine months ending September 30, 2024.