June 02
Uganda: Uganda Scores Average On Oil and Minerals Contract Openness
With a score of 78.5 points out of a possible 100, Uganda has been commended by the Oslo-based Extractives Industry Transparency Initiative (EITI) Board following a recent… Read more »
May 29
Uganda: China Invites Museveni for FOCAC Forum in Beijing
China has incited President Yoweri Museveni for at the 9th Forum on China-Africa Cooperation (FOCAC) will take place in Beijing from 3 rd to 8 th September 2024. Read more »
May 23
Uganda: Qcil Records 68 Percent Growth in Net Profit to Shs32 Billion
Quality Chemical Industries Limited (QCIL) has reported a 68% growth in net profit to Shs32 billion for the year ended March 31, 2024, driven by enhanced manufacturing efficiencies… Read more »
May 21
Uganda: Uganda Airlines A320
As Uganda's national carrier, Uganda Airlines, celebrates a shortterm wet lease agreement of an Airbus A320 airliner with Global Airlines of Johannesburg, South Africa, some… Read more »
May 17
Uganda: Parliament Passes Record Sh72.130 Trillion Uganda Budget
Parliament on Thursday passed a Sh72.130 trillion national budget, up from an earlier proposed total of Sh58 trillion. This is a Sh20 trillion increment from the last financial… Read more »
May 13
Kenya: Floods Mounts Pressure On a Kenyan Economy Already in a Crisis
There were early warnings that Kenya's long rain season - between March and May - was going to bring above-normal rainfall. The extreme intensity of the rain has resulted in… Read more »
May 14
Uganda: MTN Uganda's Q1 Net Profit Jumps to Shs150.0 Billion
MTN Uganda net profit for the first three months to March rose 24% to Shs150bn driven by solid growth in its voice, data and fintech business segments. Read more »
May 07
Uganda: Govt Exempts Electric Vehicle Makers From Stamp Duty
Companies manufacturing electric vehicles, electric batteries, or electric vehicle charging equipment or fabricator of a frame and body of an electric vehicle; and employ 80… Read more »
May 06
Uganda: Uganda's Biggest Banks Record Bumper Profits Amidst Industry Turmoil
Uganda's biggest banks recorded bumper profits in 2023 amidst industry turmoil that forced smaller banks to either divest their shares or voluntarily downgrade to credit… Read more »
May 01
Uganda: Shs450 Billion Loan Approved for Kitgum-Kidepo Road Upgrade
Parliament has approved a government request to borrow up to Euro 110,543,947.52 (about Shs 450 billion) from Standard Chartered Bank to finance the Kitgum-Kidepo Road upgrading… Read more »
April 22
Uganda: Traders Call Off Strike, for Now, After Government Agrees to Additional Demands
Thousands of traders, who had shut their shops in Kampala and other towns, called off their strike on April 20, claiming a tentative victory following a meeting with President… Read more »
April 09
East Africa: East Africa's Retail Boom
Retail is emerging among the most vibrant sectors of the East African economy. Kenya's capital city, Nairobi, has not only become an important retail market in its own right but a… Read more »
April 07
Kenya: Kenya, France Finalize Deal to Fund Nairobi Commuter Railway
Kenya and France have finalized an agreement to facilitate funding for the upgrading of the Nairobi Commuter Railway, a rail network serving Nairobi and its suburbs, officials said… Read more »
April 04
Uganda: NCBA Monthly Mug Challenge Set for Namulonge
NCBA Bank will sponsor the Monthly Mug challenge at the MaryLouise Simkins Memorial Golf Club in Namulonge. The NCBA Monthly Mug tournament is scheduled to take place on April 27,… Read more »
March 26
Uganda: NCBA Bank Joins Indian Community in Holi Festival Celebrations
Ugandan Indians, alongside members of the wider community, converged over the weekend for an evening of jubilant festivities, commemorating the onset of spring and the symbolic… Read more »
March 12
Uganda: Africa's Renewable Energy Sector Is Shattering Gender Norms
Africa's fast-evolving renewable energy landscape is catalysing a shift in gender dynamics, with more women seizing employment opportunities than in the traditional energy sector,… Read more »
February 19
Uganda: How Agri-Food Sector Could Unlock Millions of Jobs for African Youth
Africa's agri-food sector holds significant untapped potential to deliver millions of jobs and livelihoods for the continent's rapidly growing youth population, according to a new… Read more »
February 12
Uganda: Uedcl Promises More Business to Suppliers Ahead of Umeme Takeover
The Uganda Electricity Distribution Company Limited (UEDCL) is gearing up for an increase in operations and procurement, projecting a significant rise in annual spending from the… Read more »
Africa: Uganda Maintains Fourth Spot in Absa Africa Financial Markets Index
Uganda has preserved its fourth-place ranking in the Absa Africa Financial Markets Index for 2023, despite a slight decrease in its overall score from 64.4 to 62.8. Read more »
February 02
Uganda: Parliament Approves New Aviation Law
Parliament has passed the Civil Aviation Authority (Amendment) Bill, 2024 that will bring Uganda's aviation authority in conformity with the Convention on International Civil… Read more »
February 01
Uganda: MPs Pile Pressure On Agriculture Minister to Table Fisheries Law
Members of Parliament (MPs) have called on the Minister of Agriculture, Animal Industries and Fisheries, Frank Tumwebaze, to fast track implementation of the Fisheries and… Read more »
January 29
Uganda: Oil and Gas Sector Advances Key Projects Ahead of Production
Energy Minister Ruth Nankabirwa shares progress on the refinery, EACOP, and related projects Read more »
January 13
Uganda: Uganda's Agoa Suspension - How to Weather the Storm
Making sense of its impact on trade, resilience, and future for entrepreneurs Read more »
January 10
Uganda: Govt to Spend U.S.$6 Bilion On Debt Repayment Next Financial Year
The Ministry of Finance has revealed that the Government will spend up to UGX 24.9 trillion on servicing Uganda's public debt. Read more »
January 02
Africa: Airtel Africa Boss to Retire
Airtel Africa plc has today announced the retirement of the Chief Executive Officer, Olusegun "Segun" Ogunsanya, with effect from 1 July, 2024. Ogunsanya, who joined Airtel in… Read more »