EAC partners warned on trade bottlenecks
Regional political and business leaders have expressed concern about the daunting challenges that the private sector continues to face in regard to trade in the region.
Latest news
The newest business, economic and financial stories from Uganda, East Africa and Africa.
PMI: Private sector maintains growth trend
Uganda’s private sector showed resilience in October, with business conditions improving steadily as firms reported robust demand and increased hiring. The latest…
Fintech industry stimulating local economies
Uganda is embracing the digital age, and the fintech sector is growing rapidly, transforming how people access financial services. At the forefront of this change is MTN…
National Mining Company Board inaugurated
The Government has unveiled the Board of Directors for the National Mining Company (NMC) as part of the efforts to enhance its participation in the mining sector.
US election: Africa hoping for the better
Voters in the United States today go to the polls to choose the 47th president of what is the world’s largest economic and military superpower, in an election that is…
EU to spend EUR3.4 bn on renewable energy push
The European Union (EU) has pledged EUR 150 billion (about UGX602 trillion) to support the energy transition in Sub-Saharan Africa over the next 15 years, as part of its…
Dubai billionaire takes over Uganda Telecom Ltd
A multi-billion-dollar investor based in Dubai in the United Arab Emirates (UAE), has acquired a majority stake in the Uganda Telecommunications Corporation Limited…
Ugandans give Kenya Ports Authority nod of approval
The majority of Ugandan users of the Mombasa Port in Kenya are happy with the progress the Kenya Ports Authority (KPA) has made in making the clearance of cargo more…
2024 coffee year earnings hit $1.4 bn record
Uganda’s coffee sector has achieved a historic milestone, with export earnings reaching an unprecedented US$1.4 billion from 6.35 million 60-kg bags in the 2023/24…
10% of boda boda motorcycles now electric
The adoption of electric motorcycles (EVs) in Uganda is gaining significant traction, particularly in the boda boda industry, which remains a vital source of livelihood…
Optimism as Uganda nears full BRICS nod
Uganda has become one of the two African countries that have been admitted into the BRICS alliance in the category of ‘partner states.’
Uganda reactivates 1963 trade deal with Serbia
A Ugandan delegation, led by Gen. Wilson Mbasu Mbadi, Minister of State for Trade, Industry, and Cooperatives, is in Serbia for the Joint Commission for Trade…
Uganda gets positive IMF growth projection
The International Monetary Fund (IMF) has painted a positive picture of Uganda’s economic growth prospects, posting a 5.9% growth projection, according to the latest…
Only 13% of Ugandans use Internet for business
Just one out of every 100 Internet users in Uganda are utilizing it for business or work, the 2024 National Population & Housing Census has shown.
MTN earmarks UGX390 million for six schools
MTN Uganda, through its corporate social responsibility arm, MTN Foundation, has earmarked UGX390 million to establish fully furnished computer labs in six educational…
Watu asks for better conditions for boda-boda riders
Asset financiers, Watu Uganda, have called for a more balanced approach to managing the boda-boda industry amidst growing concerns over safety, pollution, and traffic…
Optimism as national economy registers 6.6% growth
Optimism as national economy registers 6.6% growth
World Standards Day: Entrepreneurs tipped on certification
As Uganda joins the global community in celebrating World Standards Day this October, Minister of Trade, Industry and Cooperatives Francis Mwebesa is urging stakeholders…