Petrol-ethanol blending to save UGX400m per year
Uganda has officially rolled out a national biofuel blending programme that will see petrol mixed with ethanol extracted from crops such as maize, cassava, and…
Latest news
The newest business, economic and financial stories from Uganda, East Africa and Africa.
MTN passes out over 290 ICT girls in Gayaza
MTN Uganda, in partnership with Smart Girls Foundation, has graduated 298 youths under the Girls in Tech and Girls with Tools initiatives, expanding efforts to reduce…
Entebbe hits record traffic numbers in June 2025
Entebbe International Airport recorded its second-highest monthly traffic on record in June 2025, handling 213,217 international passengers, according to data released…
MTN Uganda boosts Halima’s legends music gala
MTN Uganda and MTN Mobile Money (U) Limited have proudly announced their sponsorship of the “Halima Namakula: Living Legends Gala”, reaffirming their commitment to…
ICT’s UGX380 bn budget allocation welcome, but…
The recent reading of Uganda’s 2025/26 national budget offers timely insight into the government’s development agenda, and one area that stands out is the renewed…
Exports boom drives economy to UGX226 Trillion
A surge in export earnings and foreign direct investment has propelled Uganda’s economy to new heights, with nominal GDP reaching UGX226.34 trillion ($61.3 billion) in…
Uganda’s kyeyo remittances hit record UGX5 trn in 2024
Uganda received a record $1.4 billion (about UGX 5 trillion) in diaspora remittances in 2024, surpassing traditional foreign exchange earners like tourism and coffee.
DFCU Bank reports 151% profit surge in 2024
DFCU Bank has reported a 151% increase in profit after tax for the financial year 2024.
NCBA gives Makerere marathon UGX1.45 bn boost
Makerere University is elevating this year’s edition of the annual MakRun to a fully professional-level event following the announcement of a UGX1.45 billion sponsorship…
UNOC eyeing partner for new oil block exploration
Uganda National Oil Company (UNOC) is on the lookout for a joint venture partner to help it explore and develop an oil block in the western part of the African country…
Banking sector quarterly profits soar by UGX200 bn
Uganda’s banking sector continues to demonstrate resilience, strong profitability, and sound risk management, Bank of Uganda’s Quarterly Financial Stability Review has…
Annual tax collections surpass target by UGX262 bn
The Uganda Revenue Authority (URA) has exceeded its revenue collection target for the 2024/25 financial year, registering a surplus of UGX 262.43 billion.
Vulnerable Kanungu pupils get clothing boost
On Saturday, July 5, 2025, what began as a simple call to action; “Everybody Deserves to Be Smart”, turned into a remarkable display of generosity and shared purpose.
Put people at centre of digital roadmap – MTN chief
Uganda’s Digital Transformation Roadmap, which envisions a future where digital tools drive economic productivity, efficiency in government, and inclusion across…
PostBank’s Wendi hits UGX 1 tn in PDM disbursements
Wendi, a digital wallet developed by PostBank Uganda, has processed more than UGX 1 trillion in cash disbursements to beneficiaries of the Parish Development Model (PDM).
MTN MoMo ventures into life insurance with Sanlam
MTN Mobile Money Uganda Limited has unveiled Cover by MoMo, a mobile-based insurance platform designed to make insurance simple, accessible, and affordable for Ugandans…
EAC in crisis over members’ UGX220 bn arrears
A financial crisis is threatening to cripple the East African Community (EAC) as member states collectively owe a staggering $58 million (UGX 220 billion) in unpaid…
EAC marks 25 years as non-tariff barriers persist
As the East African Community (EAC) marks 25 years since its revival in July 2000, the dream of a borderless, economically integrated region remains largely unfulfilled…