DTB earmarks UGX400m for youth health initiative
The United Nations Population Fund (UNFPA) and Diamond Trust Bank (DTB) Uganda have signed a partnership worth USD106,458 (about UGX400 million) as a contribution to…
Latest news
The newest business, economic and financial stories from Uganda, East Africa and Africa.
The Top 10 strongest currencies in 2024
Globally, the United Nations recognizes 180 currencies as legal tenders. The factors that determine the strength of a currency include the amount of the currency held by…
IMF cautions Ugandan banks over treasury bonds
In a new report, the International Monetary Fund (IMF) has warned commercial banks against overreliance on Government securities saying it raises serious financial…
URA exceeds August target by UGX27 billion
The Uganda Revenue Authority (URA) has reported an impressive performance for August, with revenue collections surpassing the set target.
2025/26 budget strategy to focus on four pivotal sectors
The Government is outlining an ambitious strategy for the 2025/2026 fiscal year, aimed at steering the country towards a fully monetized and formalized economy.
Uganda Airlines lands in Abuja, Nigeria
Uganda Airlines has made its maiden flight to Abuja, Nigeria, a significant milestone in the airline’s expansion plan, aimed at facilitating smoother travel across the…
Local suppliers protest new grain policy
The government’s decision to tighten grain procurement rules is stirring mixed reactions among suppliers. While the government says the new regulations aim to improve…
Amongi drops Dr. Kimbowa from NSSF Board
Gender, Labour and Social Development Minister Betty Amongi has appointed David Ogong as the new chairperson of the new Board of Directors for the National Social…
Gov’t arrears threaten URA performance
Uganda’s revenue collection is facing a serious threat from the growing backlog of government arrears, which is straining the Uganda Revenue Authority’s (URA) ability to…
Dangote Refinery ousts first petroleum products
Nigeria’s Dangote Oil Refinery has begun processing gasoline after delays caused by recent crude shortages, an executive said on Monday.
Support beef value addition for export market
Uganda’s agricultural sector is experiencing an intense transformation, with the beef industry emerging as a pivotal force in this evolution.
Diamond Trust endorses UN responsible banking principles
Diamond Trust Bank (DTB) has become the latest financial institution to sign the UN Principles for Responsible Banking, which aim to align the banking sector with the…
UMA international trade fair set for October 2
The Uganda Manufacturers Association (UMA) has officially launched the 30th Uganda International Trade Fair, set to take place from October 2 -10 at the UMA showgrounds…
Uganda extends oil exploration to Karamoja
Uganda is stepping up exploration in the Moroto-Kadam and Lake Kyoga basins, aiming to boost its reserves to 6.5 billion barrels of oil, a strategic move to solidify its…
UBOS reports rise in August inflation
The Uganda Bureau of Statistics (UBOS) has released the Consumer Price Indices and Inflation report for August 2024, highlighting a slight increase in monthly inflation…
Gov’t bans purchase of uncertified grain products
Government Ministries, Departments, Agencies and institutions will not be permitted to purchase grain from uncertified suppliers, Evelyn Anite, the state minister for…
MTN donates new car to single mother of five
True to her surname, which means ‘God has heard my prayers,’ Night Ampurire has been described by everyone as an extremely lucky woman.
aBi Trust gives UCDA UGX16 bn boost
As Uganda races to comply with the European Union’s new sustainability regulations, a major financial commitment, the Agricultural Business Initiative (aBi) has pledged…