Address drivers of rising national debt – experts
Uganda’s debt risks are becoming more pronounced both in the short to medium term, largely attributed to poor debt utilization as one of the key causes of the nation’s…
Latest news
The newest business, economic and financial stories from Uganda, East Africa and Africa.
Footballer Cristiano Ronaldo tops highest-paid list
For the second year in a row, Cristiano Ronaldo, 39, is on top of the list of the highest-paid athletes compiled by Forbes, a US-based business magazine.
MTN offers 1.5 billion additional shares to Ugandans
MTN Uganda has received the green light from the capital markets regulators to sell more than 1.5 billion ordinary shares to the public.
Uganda Cranes fans to receive millions from MTN
In a bid to re-ignite passion for the national football team, the Uganda Cranes, MTN Uganda has launched a new campaign to identify and reward the country’s top…
New NCBA branch to serve Namanve investors
NCBA Bank has opened a new branch, strategically located in Namanve Industrial Park near Kampala, a development officials said underscores the bank’s commitment to…
MTN contributes UGX42.5 billion to UCC Fund
MTN Uganda has handed over a contribution of UGX42.5 billion in a major boost to the Uganda Communications Commission’s Universal Service and Access Fund. The amount…
BoU chief salutes DTB’s Thambi over exceptional performance
The Bank of Uganda Acting Governor, Dr Michael Atingi-Ego has hailed Thambi Verghese, the outgoing managing director of Diamond Trust Bank Uganda, for transforming a…
OpinionOpinion
Why is URA over-complicating a simple VAT system?
The ongoing fight between small-scale traders and the tax authorities is a clear indication that the administration of Value Added Tax (VAT) has glaring gaps, which must…
Economic uncertainty as Uganda’s credit rating is downgraded
Global credit rating agency Moody’s Ratings has downgraded Uganda’s long-term foreign-currency and local-currency issuer ratings to B3 from B2, a development that…
UBA elects new Board as assets soar to UGX50 trillion
Members of the Uganda Bankers Association (UBA) have voted Julius Kakeeto as their new chairperson, replacing Sarah Arapta.
Uganda Breweries injects UGX100m into POATE 2024
Uganda Breweries Limited, makers of Pilsner Lager, have announced a sponsorship deal worth UGX100m for the Pearl of Africa Tourism Expo (POATE), which starts on May 23…
Salaried employees warned on saving
Individuals and businesses should take advantage of the current fragile economic situation to adopt a culture of saving, which is crucial for sustaining the growth of…
Expectations high as UNBS gets hi-tech executive director
Mr. James N. Kasigwa has been named the new executive director of the Uganda National Bureau of Standards (UNBS) following an appointment by the Minster of Trade…
Uganda getting set for 24,000 megawatts nuclear plant
Uganda’s uranium exploration is gaining momentum to meet global energy demands, with plans for a 24,000MW nuclear power station by 2040, Irene Batebe, the permanent…
Shell launches engine oil campaign for motorcycles
Shell Uganda has launched a new campaign to promote the use of Shell Advance AX5, a new premium quality 4-stroke motorcycle engine oil, which helps to clean and protect…
Manufacturers task Gov’t, banks on high interest rates
The Government wants commercial banks to lower the interest rates they charge manufacturers so as to stimulate growth in the sector, but banks also insist that the…
URA now to deploy drones in smuggling fight
The Uganda Revenue Authority (URA) has said they are to invest in surveillance drones at porous border points in an effort to curb the vice of smuggling.
NCBA Bank partners with NFA to plant 20,000 trees
Corporate banker, NCBA Bank Uganda, has entered a partnership with the National Forestry Authority (NFA) for an ambitious initiative to re-plant 20,000 trees in the…