April 12, 2023
Uganda: Bank of Uganda Will Attract FDI in Excess of U.S.$15 Billion in the Medium Term
In an exclusive interview with the African Business, the Deputy Governor of the Bank of Uganda, Michael Atingi-Ego, talks about how the bank is dealing with inflation and the… Read more »
Uganda: Parliament Concerned About Security of Ugandan Businesses in DRC
The Committee on Foreign Affairs is concerned about the security of Ugandans and their businesses in the Democratic Republic of Congo (DRC). Read more »
April 11, 2023
Uganda: Govt Moves to Buy Out Power Distributor Umeme
Government is set to pay US$215 million (Sh 802 billion) to acquire majority shares of power distributor, Umeme. Read more »
East Africa: East Africa's Cross-Border Electric Trains Set to Speed Up Intra-African Trade
Tanzania and Burundi have floated a tender for designing and constructing an electrified railway that will initially connect the two countries and pass through the Democratic… Read more »
March 27, 2023
Uganda: MTN Uganda On Transition to Become a Technology Company
MTN Uganda, like most telecom companies around the world, has recorded rapid transformation in its operations, customer experience and development of various products and services… Read more »
Uganda: Minister for Presidency Babalanda Cited in U.S.$1.8 Million Scandal
The Minister for Presidency Milly Babalanda was cited in an Shs7 billion scandal involving the government printers- Uganda Printing and Publishing Company (UPPC). Read more »
March 23, 2023
Uganda: Revitalizing Adoption and Use of Solar Technologies in Agriculture Sector
Innovation experts have urged players in the agriculture sector to adopt and accelerate the use of solar technologies across the value chain to address the reduce the sector… Read more »
March 15, 2023
Uganda: World Bank President Nominee Pledges Change
World Bank president nominee, Ajay Banga, pledges to partner with African Development Bank for transformative results Read more »
Uganda: Comment - Is MTN Uganda On the Verge of Becoming a Bank?
Imagine waking up one day to find MTN Uganda operating electric purses, issuing debit cards and prepaid cards, taking fixed deposits, and investing some of the money they get in… Read more »
March 14, 2023
Africa: Can Africa Reduce the Impact of the U.S. Dollar On Its Emerging Markets?
Reducing reliance on the US dollar necessitates satisfying financing requirements in local currency and enhancing local financial institutions Read more »
March 12, 2023
Uganda: Museveni Seeks Algerian Help to Build Oil Refinery, Milk Sector
Algeria's leader Abdelmadjid Tebboune has held talks with Uganda's President Yoweri Museveni, who is on a three day visit to the north African country. Read more »
March 11, 2023
Uganda: Why Ugandans Are Getting Poorer?
Overall, Ugandans are better off today than they were 10 years ago, according to a report published on Feb.28 by the Legatum Institute, a London-based think-tank. On specifics,… Read more »
March 05, 2023
Uganda: BAT Uganda Calls on Govt to Help Fight Illicit Trade
BAT Uganda has called upon the Government to ramp up efforts to curb illicit trade in cigarettes, which it says is impacting the sustainability of its business. In its 2022… Read more »
March 02, 2023
Uganda: African Development Bank Concludes 2023 Insurer Roadshow to Mobilize Private Capital for Africa
The Co-Financing, Syndications and Client Solutions department of the African Development Bank Group has met with London-based insurers to galvanize continued support of the Bank's… Read more »
Uganda: KCCA Tasked On Delayed Pay of Casual Workers
Parliament's Committee on Public Accounts - Commissions, Statutory Authorities and State Enterprises (COSASE) has put Kampala Capital City Authority (KCCA)'s technical team to task… Read more »
Uganda: Kadaga Upbeat As Uganda Prepares to Host 14th East African Procurement, Business Expo
First Deputy Prime Minister Rebeca Alitwala Kadaga has re-emphasised that East African countries must work together to achieve development for all. Read more »
February 23, 2023
Uganda: Absa Bank Uganda Staff Plant 6,000 Trees in Kawempe
Staff from Absa Bank Uganda have taken part in a community sensitisation and environmental awareness campaign in partnership with the My Tree Initiative to plant up to 6,000 trees… Read more »
February 20, 2023
Uganda: Investment in Energy Far From Rural Transformation - MPs
Government's heavy investment in the energy sector is not benefiting the intended end users, Members of Parliament have observed. Read more »
Uganda: UDB Records 52 Percent Surge in Loan Portfolio to Shs1.2tn
Uganda Development Bank, the country's national development finance institution has reported a 52% surge in loan portfolio to Shs1.2trillion for the year ended December 31, 2022,… Read more »
February 17, 2023
Uganda: Review Taxes On Internet, Devices-CSOs
Ugandan government need to review taxes on internet and internet-enabled devices such as smartphones ahead of the proposed national budget for the Financial Year 2023/24 to achieve… Read more »
Africa: Africa Cannot Afford Failing to Implement AfCFTA - AU Commissioner
Africa cannot afford failing to implement the African Continental Free Trade Area (AfCFTA), a senior official of the African Union Commission (AUC) has said. Read more »
February 03, 2023
Uganda: Centenary Bank Moves to Support School Owners and Parents As Schools Resume
Centenary Bank has announced it is offering affordable Cente education product for parents, students and school proprietors in a bid to cushion their financial burden as schools… Read more »
January 25, 2023
Uganda: Government to Ensure Workforce Acquires Appropriate Digital Skills
The government through the Ministry of ICT and National Guidance reiterated its commitment towards re-skilling and up-skilling the government workforce to acquire appropriate… Read more »
Uganda: Britam Uganda Won't Exit the Market
Britam Insurance Company (Uganda) Limited and Britam Asset Managers Company (Uganda) Limited executives have said, the company does not have any plans to exit the Ugandan market. Read more »
Uganda: Ministers to Present Statement On Entebbe Airport Extortions
The Ministers for Works and Internal Affairs have been directed to present a joint statement to the House on allegations of extortion at Entebbe International Airport. Read more »