UGX4.43 trillion raised from treasury bonds in May
Uganda’s government raised more than UGX4.43 trillion from the sale of government securities in May 2025, according to the Performance of the Economy Report for May 2025…
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The newest business, economic and financial stories from Uganda, East Africa and Africa.
UDB profits soar as assets hit UGX1.78 trillion
The Uganda Development Bank Ltd. (UDB) has announced its financial results for the year 2024, highlighting its growing role in supporting Uganda’s economic development.
Private sector improves as PMI tops 56.4 points
Uganda’s private sector is experiencing a improved in May, with business confidence reaching a near two-year peak in the month.
Minister Anite revives minimum wage debate
Uganda’s industrial sector is experiencing an unprecedented transformation, with far-reaching effects on job creation, economic growth, and the standard of living. The…
MTN lifts up Busoga Kingdom young mothers
MTN Uganda and its partners have today donated digital equipment and vocational tools to the Busoga Kingdom, reaffirming their commitment to bridging the country’s…
Will UGX72.4 trillion budget spur sustainable growth?
Finance Minister Matia Kasaija has presented the national budget amounting to UGX 72.4 trillion (approximately USD18.8 billion), underscoring the government’s strategic…
Uganda’s exports revenues soar to $11.8 billion
Uganda’s export sector has registered remarkable growth, with total exports of goods and services reaching USD 11.8 billion (UGX 45.4 trillion) in the 12 months to March…
Alur Kingdom salutes MTN over community boost
MTN Uganda has taken its flagship staff volunteerism initiative, the 21 Days of Y’ello Care, to the Alur Kingdom in Pakwach District, intensifying its commitment to…
Rethink industrial financing model, Bahati tells banks
The Minister of State for Industry, David Bahati, has made a passionate appeal to Uganda’s financial sector to urgently reform its lending practices, cautioning that the…
MTN rallies minority owners for MOMO separation
MTN Uganda has summoned its minority shareholders for an Extraordinary General Meeting to vote for a key decision to separate its mobile money business from the…
MTN Y’ello Care campaign lights up Luwero
MTN Mobile Money Uganda Ltd on Thursday extended its 2025 edition of the 21 Days of Y’ello Care campaign to Luwero District, marking the second major activation of this…
Ensure fiscal discipline, civil society tells Government
As Finance Minister Matia Kasaija prepares to unveil Uganda’s national budget on June 12, civil society organizations (CSOs) are intensifying calls for greater fiscal…
DTB boss optimistic despite tough market conditions
The financial sector will continue facing challenging market conditions and banks in particular, will be required to be more agile and resilient in order to take…
April coffee exports revenue hits record $1.97 billion
Coffee remains Uganda’s most reliable source of foreign exchange, with the latest report from the Coffee Development Department revealing significant growth in both…
MTN to spend UGX500m on grassroots digital drive
MTN Uganda today kicked off the 2025 edition of 21 Days of Y’ello Care, the company’s annual employee volunteerism initiative. This year’s campaign, themed “Connecting…
May inflation up to 3.8% as food prices surge
Uganda’s Annual Headline Inflation rose to 3.8% in the 12 months ending May 2025, up slightly from 3.5% in April 2025, according to the latest Consumer Price Index (CPI)…
Stanbic AGM approves UGX155 bn dividend pay-out
The shareholders of Stanbic Uganda Holdings Limited (SUHL) have held their Annual General Meeting (AGM) at which they approved a final dividend.
UEDCL targets 225,000 new power connections
The Uganda Electricity Distribution Company Limited (UEDCL) has embarked on an ambitious plan to add up to 225,000 new electricity connections across the country within…