New Absa Bank initiative to boost rural businesses
Absa Bank Uganda has launched a series of Regional SME Forums aimed at boosting entrepreneurship and business resilience across the country.
Latest news
The newest business, economic and financial stories from Uganda, East Africa and Africa.
Dutch fish feeds factory starts production in Buikwe
History has been made with the opening of Uganda’s its first dedicated fish feeds factory.
MTN MoMo named payment partner for Trade Fair
The Uganda Manufacturers Association (UMA) has today unveiled MTN MoMo as the official payments partner for the upcoming Uganda International Trade Fair (UITF)…
MTN, WWF launch climate change competition
MTN Uganda in partnership with the World Wide Fund for Nature (WWF), has launched the Pachi Panda Innovation Challenge, a programme aimed at supporting young people to…
MTN Momo clients to win UGX10m weekly in new promo
MTN MoMo Uganda has today announced the launch of its latest promotion, ‘Power to Win,’ a customer reward initiative designed to celebrate and reward MoMo users across…
Govt sets aside UGX382 bn to kick-start SGR project
The Government has taken a major step toward modernising its transport infrastructure by setting aside cash to ensure that the long-awaited Standard Gauge Railway (SGR)…
Economy on track for 7% growth – Matia Kasaija
Uganda’s economy is projected to grow by at least 7.0% in the Financial Year 2025/26, with expectations of reaching double-digit growth in the medium term as the country…
Government salutes MTN on sustainability milestones
The State Minister for ICT and National Guidance, Hon. Godfrey Baluku Kabyanga, has paid glowing tribute to MTN Uganda over the remarkable milestones it has achieved…
$40 bn needed to lift Africa’s refining capacity – OPEC
Africa is poised for substantial growth in its refining capacity, set to add 1.2 million barrels per day (bpd) by 2030, which OPEC identifies as one of the fastest…
MTN, Turkish Airlines to reward prestige clients
MTN Uganda, through its exclusive loyalty program MTN Prestige, has partnered with Turkish Airlines to launch an exciting new campaign, “Fly Prestige with Turkish…
M-KOPA launches phone with health insurance cover
M-KOPA, a leading fintech company, has officially launched an innovative smartphone offering that combines premium digital access with built-in financial services such…
Shilling maintaining 14-month appreciation trend – BoU
The Bank of Uganda (BoU) has confirmed that the Ugandan Shilling has been on a consistent path of appreciation for the last 14 months, a development attributed to strong…
Museveni launches $150m Wagagai gold refinery
President Yoweri Museveni has renewed his call for Uganda to break free from what he termed the “colonial curse” of exporting raw minerals, urging the establishment of a…
Fighting cybercrime is a collective responsibility
Every day, our service centres and call lines receive countless reports from customers who’ve fallen victim to fraud. People are tricked into sharing their PINs.
Museveni woos high-value Egyptian investors to Uganda
President Yoweri Kaguta Museveni has called on Egyptian investors to channel capital and entrepreneurship opportunities into Uganda, saying the two countries can…
Private sector growth trend persists amid headwinds
Uganda’s private sector continued its growth trajectory in July, with new orders and business activity maintaining strong momentum, according to the latest Stanbic Bank…
Central Bank holds key rate steady at 9.75%
The Bank of Uganda (BoU) has maintained the Central Bank Rate (CBR) at 9.75%, a move that signals caution and confidence as the country navigates global economic…
MTN Uganda to pay UGX224 Billion dividends
MTN Uganda has posted strong financial results for the six months ended June 30, with total revenue climbing soaring to UGX 1.7 trillion.