Consolidate cross-border collaboration, regional bankers told
Stakeholders in the banking industry in the East African Region have been urged to find ways of working together more closely in a bid to strengthen their regional…
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The newest business, economic and financial stories from Uganda, East Africa and Africa.
Huawei to set up Digital Village Prototype in Butaleja
President Yoweri Kaguta Museveni has held a meeting with a delegation from Huawei Technologies, at which the company announced plans to establish the country’s first…
Planning Authority warns on surging population
The National Planning Authority has expressed concern about Uganda’s population, which has surged by 11.3 million since the last census.
Insurance industry premiums top UGX1.6 trillion
The Ugandan insurance sector displayed remarkable resilience and growth in 2023, with Gross Written Premiums (GWP) increasing by 11.3% to reach UGX1.6 trillion…
EU, Enabel boost refugees with vocational skills
More than 5,000 youth in refugee communities in the West Nile Region have been passed out after receiving vocational skills aimed at boosting their self-employment…
Museveni sets up outfit to fight URA corruption
President Yoweri Museveni has set up a new unit at State House, aimed at keeping an eye on Uganda Revenue Authority and curb corruption in the tax administration system.
MTN pays UGX40bn NSSF dividends as Fund surpasses targets
The National Social Security (NSSF) says it ended the financial year 2023/2024 on a good note having surpassed the targets.
NCBA Bank commits millions to central forests restoration
NCBA Bank Uganda, in collaboration with the National Forestry Authority (NFA), has embarked on the restoration of degraded forests across the country.
Aviation sector soars above pre-COVID numbers
Uganda’s aviation sector put up a resilient fight in 2023, registering a goodly comeback from the pandemic fall, which saw the global aviation industry bleed profusely.
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Climate Change Crisis: Is Government really serious?
On June 13, Hon. Matia Kasaija, the Minister of Finance, Planning and Economic Development, delivered the budget speech for the financial year 2024/25 under the theme…
Stanbic unveils unit trust investment option
Stanbic Uganda Holdings Ltd, the mother company of SBG Securities Ltd, has unveiled its unit trust, aimed at enabling individuals and companies to pool their money to…
New MTN’s Zimba initiative to boost small businesses
MTN MoMo has launched a new initiative designed to empower small and medium-sized enterprises (SMEs) across Uganda.
Minister cautions entrepreneurs on informality
Entrepreneurs have been urged to formalize their business ventures if they are to benefit from financial services providers and expand their businesses.
Optimism amidst Turkey coffee exports surge
Ugandan coffee exporters have found a new market in Turkey as coffee producers worldwide brace themselves for new European Union regulations that bar coffee products…
Kidepo National Park to get posh airport, hotels
The Government of Uganda has reached an agreement with the Sharjah Chamber of Commerce and Industry, a UAE group of investors, to construct Kidepo International Airport…
Uganda Airlines boss cautions suppliers on quality
Local suppliers have been urged to adhere to international quality standards if they are to benefit from the business opportunities available at the Uganda Airlines…
MTN launches UGX4.5 bn project for youth
In January last year, Brian Tweheyo conceived the idea of a digital solution that would make renting easier for both tenants and landlords in the residential and…
Moos as Kenya blocks Ugandan dairy products again
Top dairy exporters are bitter that Kenya has once again refused to grant them licenses to export their products to the lucrative market.