EAC sees $800m surplus amid intra-States trade surge
The East African Community (EAC) has posted a remarkable economic milestone, registering a trade surplus of USD800 million in the first quarter of 2025.
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The newest business, economic and financial stories from Uganda, East Africa and Africa.
First boda winner announced in MTN MoMo promo
Nakawa Market in Kampala on Thursday came alive with jubilation as MTN MoMo handed over the first of 24 brand-new motorcycles, as part of its ongoing “Power to Be More”…
EAC nations desperate to cut air travel costs
The East African Community (EAC) is accelerating plans to liberalise its airspace and reduce the high cost of air travel, a move that could transform the region’s…
Exports, fiscal spending boost business prospects
Uganda’s economy showed continued resilience and growth momentum in May and June 2025, with key high-frequency indicators pointing to sustained improvements in trade…
Uganda can harness digital transformation agenda
It is now evident that Uganda’s path to socio-economic transformation will not be driven by connectivity alone but by how that connectivity is translated into real value…
Euro Gold Refinery opens as gold prices surge
Global gold prices have surged to about $3,348 (UGX12.6 million) per ounce, driven by economic uncertainty and strong investor demand, according to Reuters.
Uganda’s headline inflation down to 3.8% in July
Uganda’s annual headline inflation has eased to 3.8% in July 2025, down slightly from 3.9% recorded in June, according to the latest figures from the Uganda Bureau of…
MTN, hotel body sign deal to digitise industry
MTN Uganda, MTN Mobile Money (U) Limited, and the Uganda Hotel Owners’ Association (UHOA) have signed a landmark Memorandum of Understanding (MoU) at Hotel Africana…
Will new MoUs eliminate Uganda, Kenya trade disputes?
President Yoweri Kaguta Museveni of Uganda and President William Ruto of Kenya have signed seven new landmark agreements aimed at easing trade frictions and accelerating…
Google found guilty of breaching Ugandan data laws
In a notable decision with potential regional implications, Uganda’s Personal Data Protection Office (PDPO) on July 18 ruled that Google had violated Uganda’s Data…
UK Court rejects Sudhir attempt to block PwC reports
DFCU Bank has secured a procedural victory in an ongoing case before the English High Court, as part of the legal proceedings initiated by Crane Bank Limited (CBL) and…
Bankers want policy to boost kyeyo remittances
Banking industry stakeholders are calling for tax incentives and a comprehensive national policy on remittances to boost the inflows and enhance their potential impact…
15-year Treasury Bond yield shoots to record 17.8%
Uganda’s domestic debt market remained active and resilient in June 2025, with the government raising UGX 1.86 trillion through three auctions of Treasury Bills and…
MTN Uganda gives Sheema school new ICT lab
MTN Uganda, through the MTN Foundation’s Digital Access Project, has today handed over a fully equipped ICT facility to St. John’s Secondary School Nyabwina in Sheema…
French media giant Canal+ takes over DStv, GOtv
French media conglomerate Canal+ has officially acquired full ownership of MultiChoice Group, the parent company of DStv and GOtv, in a landmark $3 billion (approx. 55…
Passports worth UGX11 bn to be destroyed
At least 42,000 unclaimed Ugandan passports worth UGX 10.5 billion are set to be destroyed by the Directorate of Citizenship and Immigration Control (DCIC), an official…
Minority owners overwhelmingly endorse MTN MoMo separation
MTN Uganda Limited shareholders have overwhelmingly approved the proposed structural separation of its mobile money and fintech business, MTN Mobile Money (U) Limited…
World Bank offers UGX170 Bn for export promotion
The Government of Uganda has received UGX 170 billion as the first tranche of a UGX 800 billion financing package from the World Bank under the Investment for Industrial…