Namibia to host Afreximbank Trade Finance event
The African Export-Import Bank (Afreximbank), a Pan-African multilateral trade finance institution that aims to promote and finance trade within Africa and between…
Latest news
The newest business, economic and financial stories from Uganda, East Africa and Africa.
Oil pipeline: Court blocks land owners
The Masaka Senior Resident Judge Lawrence Tweyanze has ruled that the government can proceed with the construction of East African Oil Pipeline (EACOP) before the…
Watu Uganda celebrates global service accolade
Watu Uganda, one of the country’s leading asset-financing companies, has been awarded the prestigious Client Protection Certification award.
BoU slashes key rate to 9.75% from 10.25%
The Monetary Policy Committee (MPC) of the Bank of Uganda has announced a significant reduction in the Central Bank Rate (CBR), lowering it by 25 basis points to 9.75%.
Bank loans grew by 6.8% in 2024, says BoU
Commercial bank lending activities in Uganda have shown a robust increase, growing by 6.8% in the financial year ending June 2024, according to the Bank of Uganda.
Uganda, South Sudan moot joint dam projects
Pal Mai Deng, the South Sudanese minister of Water Resources and Irrigation, has submitted a memo to the Council of Ministers, aimed at implementing the Nyimur…
Government announces tough export rules to China
The government has introduced stringent regulations that prospective Ugandan exporters must follow if their agricultural products are to be accepted in the lucrative…
MTN Uganda top boss transferred to Rwanda
Somdev Sen, the MTN Uganda Chief Marketing Officer, has been transferred to MTN Rwanda where he will take on a new role as Chief Digital and Commercial Officer…
EADB gets positive credit ratings review
The East African Development Bank’s (EADB), the region’s premier development financial institution, has received positive credit results from a review of its credit…
Optimism as 600MW Karuma Dam is commissioned
The long-awaited 600MW Karuma Hydropower Dam has finally come online, raising hopes for a more industrialised and prosperous economy.
Charcoal hikes September inflation by 0.2%
Uganda experienced a notable increase in inflation in September 2024, as headline inflation rate soared by 0.2%, consistent with the previous month.
Thousands throng Kapeeka Industrial Park Trade Fair
President Yoweri Kaguta Museveni has urged communities surrounding Kapeeka Industrial Park to take full advantage of the opportunities it offers in order to market their…
Museveni commissions Royal Milk factory
Speaking at the commissioning of Royal Milk factory at Nalukolongo Industrial Park in Kampala recently, the President urged the proprietors to ensure value addition into…
EADB launches UGX68 bn fund for Ugandan SMEs
The East African Development Bank (EADB), the region’s leading development financial institution, has launched a new $15 million (about UGX68 billion) fund to support…
Anxiety as donor aid taps shrink further
During the recent presentation of the Budget Strategy for the Financial Year 2025/2026, officials from the Ministry of Finance, Planning and Economic Development warned…
August coffee exports set new 838,000 bags record
Uganda’s coffee industry soared to new heights in August 2024, earning UGX820 billion from exports, a testament to the country’s increasing prominence in the global…
Kazo school gets UGX65m MTN computer lab
MTN Uganda, through its corporate social responsibility arm, MTN Foundation, has today enhanced the digital learning environment at St. Catherine Girls Secondary School…
KK Security rebrands to GardaWorld Security
KK Security has officially transitioned to GardaWorld Security in Uganda, marking a significant shift that promises to enhance employment opportunities throughout the…