This year Uganda has signed one of its biggest deals with a Turkish construction firm, Yapı…
Category: Business
A Boost between Kenya-Uganda Tourism as Border Restrictions Ease
Relaxed border restrictions nearly doubled the growth in tourism numbers between Kenya and Uganda in the…
Vice President Jessica Alupo Inaugurates Transformative Hatchery and Irrigation System in Katakwi
Vice-President Jessica Alupo recently commissioned a 30-acre irrigation system and a hatchery in Katakwi district, marking…
The Kenya-Uganda Multinational Road Project: A boost to Regional Connectivity, Economic Growth and Development.
By Namukose Livia The Kenya-Uganda Multinational Road Project is a significant infrastructure stride towards enhancing regional…
President Museveni’s Vision for Africa: Socio-Economic Transformation
In a recent address at the World Bank’s International Development Association (IDA)-Africa Heads of State summit,…
Uganda begins Avocado Oil Exportation to Europe.
Uganda made a big move in the export market by venturing into the production and export…
URA Seeks Extra UGX 169 Billion For Staff Remuneration
Uganda Revenue Authority (URA) has requested Parliament for extra UGX 169 billion to cater for the…
Financial Year 2024/2025 National Budget Could Hit UGX 60 Trillion
Parliament has received the proposed National Budget for financial year 2024/25 with expenditures estimated to be…
Prince Edward Visits Uganda: Talks Business and Youth Empowerment with President Museveni
In a significant diplomatic engagement, President Yoweri Kaguta Museveni welcomed His Royal Highness, Prince Edward, Duke…
Uganda’s oil exploration is on course with a proper commercialisation plan – government
The State House Investors Protection Unit Head, Col. Edith Nakalema has assured Ugandans that the government…
Government plans to spend Shs 52.722 trillion in 2024/25 financial year as Parliament passed Budget Framework Paper
Parliament on Tuesday approved the national Budget Framework Paper (BFP) for financial year 2024/25 with several…
Uganda, Egypt discuss strategic investments market access
Uganda’s President Yoweri Kaguta Museveni has Tuesday January 16 29924, engaged in a fruitful dialogue today…
Uganda’s Dairy Revolution: President Museveni Urges Farmers to Seize Global Opportunities
In a passionate appeal to dairy farmers, President Yoweri Kaguta Museveni has underscored the need for…
Shs285 billion projected rise in local revenue in next financial year worries MPs
Parliament is at the tail end of processing the Budget Framework Paper (BFP) for financial year…
How Sudhir Defied Odds, Disproved Critics by Building Multi-Billion Convention Centre in One Year
In a remarkable feat of determination, Sudhir Ruparelia, Chairman of the Ruparelia Group of Companies, has…
Inside Uganda’s groundbreaking Energy Transition Plan unveiled at COP28
At the forefront of global climate action, Uganda, in collaboration with the International Energy Agency (IEA),…
New technology to deal an end to trade bottlenecks launched in East Africa
One of the reasons trade among the East African partner states is not flourishing has always…
Uganda makes $25 million stride towards self-sufficiency in diagnostics
In a historic move towards healthcare independence, President Yoweri Museveni on Tuesday November 29, inaugurated Microhaem…
Oil companies reluctant to cease total fuel importing monopoly to UNOC
When Energy and Mineral Development Minister, Ruth Nankabirwa tabled the Petroleum Supply (Amendment) Bill, 2023 early…
National Social Security Fund’s strategic investment in Airtel Uganda’s IPO signals confidence in telecom sector
The recent announcement of the National Social Security Fund (NSSF) Uganda’s application for an investment of…
Uganda poised to meet growing demand for finished products in Eastern Europe and China
President Yoweri Kaguta Museveni has offered reassurance to Ugandans that the country is primed to tap…
Experts point at limited knowledge in aflatoxin prevention and control in food on the market in East Africa
There have been cases where partner States in the East African Community accuse one another of…
Agriculture Minister Tumwebaze tables a Bill to regulate production and sale of Animal feeds.
The government has proposed a five-year jail term for anyone convicted for importing or exporting unregulated…
Energy Minister Nankabirwa insists first Ugandan oil to flow in 2025
Ugandans have waited for the first oil to flow out of the Albertine graben with a…
Banks need to devise inclusive development goals in their growth paths – expert
In July, Stanbic Bank Uganda reported a significant rise in net income for the first half…
TotalEnergies EP Uganda Sets Safety Benchmark with 20 Million Man-Hours Accident-Free
In the oil and petroleum sector, safety is paramount, and TotalEnergies EP Uganda has taken it…
PACEID and DIT Partnership Graduates 700 Youth in Skills Relevant to Market Demand
In a significant step towards addressing the pressing issue of youth unemployment in Uganda, the Presidential…
Removing Visa restrictions for DRC nationals to widen EAC trade
The entry of the Democratic Republic of Congo (DRC) into the East African Community (EAC) last…
Uganda, Tanzania forge energy collaboration for mutual development
President Yoweri Kaguta Museveni on August 11, 2023 hosted a delegation from Tanzania at State House…
Stakeholders outline benefits to oil community as Hoima international airport nears completion
The completion of Kabalega International Airport, formerly known as Hoima International Airport in Hoima district, has…
President Museveni encourages Ugandan diaspora to foster value addition and investment
President Yoweri Kaguta Museveni has delivered a compelling message to the Ugandan Diaspora, urging them to…
Insecurity Undermines Uganda’s Prosperity: Museveni’s Efforts for Peace and Security
President Museveni of Uganda has emphasized the critical link between security and prosperity within the nation.…
President Museveni encourages Ugandan diaspora to foster value addition and investment
President Yoweri Kaguta Museveni has delivered a compelling message to the Ugandan Diaspora, urging them to…
President Museveni reaffirms ban on timber export as part of call for value addition
President Yoweri Kaguta Museveni has reiterated his call to stop the exportation of raw materials, saying…
Microfinance Support Centre on spot for unclear loan disbursements
The House Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) has put the Microfinance Support…
How Stanbic Bank’s sustainability program is making a lasting impact in Uganda
Last week, President Yoweri Museveni hosted leaders of Standard Bank Group to State House Nakasero, in…
Government teams up with Tycoon Sudhir to build world class convention centre ahead of NAM 2023
In 2007, Uganda’s government pulled off one of the most successful international events when the Pearl…
Stakeholders outline benefits to oil community as Hoima International Airport nears completion
The completion of Kabalega International Airport, formerly known as Hoima International Airport in Hoima district, has…
Uganda has the ability to feed 200m people – Museveni
President Yoweri Kaguta Museveni last week called upon the government and people of the Republic of…
Time to plan for retirement is now, experts tell business founders
Large Ugandan businesses face challenges in leadership from one generation to the next because their founders…
Serbia and Uganda Join Forces To Explore and Promote Agricultural Growth.
By Jane Namugula Serbia and Uganda are set to commence a new trade venture, aimed at…
South Sudan, Uganda agree on more food imports as Juba government declares steps to curb inflation
The Government of South Sudan has reached an agreement with its counterparts in Uganda to supply…
Female legislators raise a red flag on imposition of tax on diapers in Uganda.
A week after Parliament overwhelmingly approved tax on both children and adult diapers, a section of…
Kenyan President Ruto reechoes efforts to remove trade barriers in East Africa
The President of Kenya, William Ruto says there is no need to waste time in removing…
Parliament to probe Shs616b gold export tax exemptions
A Select Committee of Parliament will soon be set up to investigate circumstances under which the…
Uganda’s Mt. Elgon: from coffee anonymity to speciality coffee powerhouse
Anna Chemutai, a smallholder coffee farmer in the village of Chebonet, wakes up at dawn every…
Museveni meets Serbian trade delegation, due to open Ugandan trade hub in Balkans
President Yoweri Museveni on Wednesday met a delegation from the Republic of Serbia led by their…
Government seeks more time to find beneficiaries of the Shs7b pension for former EAC employees.
About 45 years since the collapse of the first East African Community (EAC), a total of…
Government moves to end leadership vacuum at countries top public publishing entity
The recent decision by the Cabinet to approve the new Board of Directors for the Uganda…
MPs want government to allow SACCOs gain access to Parish Development Model cash
Reports from different regional Parliamentary caucuses have unanimously asked the government to allow Savings and Credits…
Why Museveni wants lawmakers to take lead in mobilizing for Parish Development Model program
President Yoweri Museveni on Thursday made a clarion call to the Members of Parliament to rigorously…
Government names 10 priority areas for Shs49.9 trillion budget for 2023/24 financial year
The Ministry of Finance is working on adjustments to the proposed Shs49.9 trillion budget for the…
Museveni assures Ramaphosa on Eskom smooth exit, support for South African investments in Uganda
President Ramaphosa has expressed South Africa’s gratitude to his Ugandan counterpart President Yoweri Museveni for Uganda’s…
Uncertainty for Ugandan Vanilla farmers as prices drop
For nearly four months, Emmanuel Kyabuthire had abandoned the comfort of his bed, spending cold nights…
Museveni outlines Uganda’s investment priorities, affirms government commitment to help Dubai investors settle in
“Uganda and Africa in general are like a gold mine and we are just at the…
The Year ahead: Education, health and water to maintain giant’s share of 2023-24 Financial Year Budget
Education, health and water sectors, will have the biggest allocation from Uganda’s 2023-24 Financial Year Budget…
Government proposes Shs49 trillion budget for 2023/24 financial year
Finance Minister Matia Kasaija on December 23 tabled before Parliament a Shs49.9 trillion proposed budget for…
Uganda railway, a surviving colonial infrastructure is taking shape again.
By the time Uganda marked 60 years of independence on October 9, 2022, Uganda Railway was…
EAC partner states urged to finance SMEs in the region
East African Community (EAC) Partner States have been called upon to seek local solutions to the…
Uganda to sign $4.5 Billion Final Investment Decision on energy to reduce use of charcoal and firewood
Washington D.C. The government of Uganda will next year sign the Final Investment Decision (FID) for…
Government secures Shs1.7 trillion loan approval from Parliament as Museveni highlights plans to stop borrowing
The Government has been authorized by Parliament to borrow $464m (about Shs1.7 trillion) to finance the…
How Uganda won over European Union Parliament to cancel resolution blocking pipeline project
The Africa, Caribbean, Pacific —European Union (ACP-EU) Joint Parliamentary Assembly sitting in Maputo City, Mozambique last…
Experts explain Uganda’s inflation as country’s financial sector is ranked first in East Africa
Uganda should avoid making the same error as the United Kingdom which made economic decisions based…
Commodities that meet rules of origin should be allowed across markets in East Africa – Museveni
President Yoweri Museveni has said that any commodity that meets the rules of origin criterion should…
Uganda defends oil pipeline project at UN General Assembly, calls EU resolutions hypocrisy
The Government of Uganda has lashed out at countries attacking it for developing the country’s oil…
Inside the farmers’ quest for seeds as rains continue.
The rains have been pounding most parts of the country at least since mid-August and this…
Parliament joins Nema in clearing tycoon Sudhir’s Lake Victoria hotel project
A multibillion project that is expected to give an upgrade to the hospitality industry in Uganda…
Is Uganda Airlines sinking under losses?
A damning report by the Auditor General has exposed issues of misconduct that threaten the growth…
Business community have central role in East African peace efforts – Museveni
The business community in the world have a central role to play in peace and unity…
Kiyungu, the business that grew from a university hostel snack outlet to a major catering company
In July 2018, Brenda Bantu Tuti, a kindergarten school teacher formed a WhatsApp group with which…
Museveni appeals to UK business community to stock Ugandan food products
President Yoweri Museveni has appealed to the business community in the United Kingdom to open their…
Uganda’s cement industry, a gold mine in the making
By 2019, the cement industry in Uganda had grown by leaps and bounds, with indicators of…
Subsidies, tax cuts will not work: World Bank agrees with Museveni on economic recovery
Cutting taxes on fuel, increasing subsidies and imposing price controls on food and energy products are…
We must stop export of value for no value – Museveni urges Ugandans
President Yoweri Kaguta Museveni has vowed to continue his fight against what he calls economic hemorrhage…
Fresh from the garden to the market, how Uganda’s fruits and vegetable production can boost exports
Road side markets are a very common sight in Uganda. Travelers from any part of the…
Rwabwogo rallies DR Congo to embrace trade links with Uganda
Entrepreneur & Senior Presidential advisor on special duties in Uganda, Odrek Rwabogo has hailed trade relations…
Role of ICT as an Enabler in Industrialization: Uganda’s Journey to harnessing the use of ICT
By Steven Kirenga There is no doubt that Information communication technologies have the power to change…
Museveni pitches for investments in value addition as Turkey, Uganda boast of $71m trade volume
President Yoweri Museveni continues his message wooing foreign investors into Uganda. Earlier this month, the President…
We shall not abandon our journey because of temporary disruptions from the foreign world – Museveni
President Yoweri Kaguta Museveni has called on Ugandans to support his government’s plans and persevere through…
US COMPANY SYMBION POWER ACCUSES SOUTH AFRICAN PAPER THE DAILY MAVERICK, OF DEFAMATION AND FAKE NEWS
A prominent U.S. energy company is taking legal action against a South African newspaper it accuses…
Counting the costs as Uganda grapples to stabilize its economy amidst global challenges
Ugandans across board have over the last number of months lamented about the rising costs of…
How telecoms in Uganda have maneuvered amidst challenging market conditions
The telecom industry is one of the most dynamic industries in Uganda. From the monopoly of…
How telecoms in Uganda have maneuvered amidst challenging market conditions
The telecom industry is one of the most dynamic industries in Uganda. From the monopoly of…
Uganda’s dairy sector needs strategic support to hit its five-year investment targets
Uganda’s dairy sector has grown in leaps and bounds over the years. Dairy farming is mainly…
Why government needs to focus on cattle quality and quantity to expand beef exports
In the past five years, the government has undertaken ambitious projects to develop the marketing and…
SafeBoda’s growth from a ride hailing app to transforming Uganda’s transport industry
Namara Grace, a resident of Kiwatule is a day student at Makerere University and has to…
A few things to consider as Uganda’s government seeks to grow fish exports
Fishing is one of the major economic activities in Uganda, contributing about 12 percent of agricultural…
How Uganda’s strategy to expand market of 7 key products will stimulate economic recovery
It was a sigh of relief on January 24 when Uganda’s economy was fully reopened, ending…
What are coffee’s chances as one of the seven products government seeks to promote?
The recent developments in the coffee industry in Uganda have raised debate on whether the promotion…
The average Ugandan is 4 times richer than in 1986, says Secretary to the Treasury
If the 15.6 million Ugandans who lived in in 1986 agreed to share the country’s Gross…
Why the new coffee law complicates sector growth
Uganda, which is one of the world’s leading coffee exporters, finds itself at a crossroads with…
All eyes on Brussels as Europe markets itself to Africa, will China budge?
The EU is selling, but who’s buying? Poorva Karkare states in an article questioning the viability…
How can Africa achieve inclusive investment opportunities for its youth?
With half of the continent’s population under the age of 25, Africa no doubt holds the…
Can the next phase of the oil project deliver shared prosperity and sustainable development?
After more than 15 years of waiting, Uganda is closer to extracting its first oil following…
Digital lending takes shape in Uganda’s strides towards cashless economy
At first Mobile Money was developed to help one transfer money from one network to another…
NSSF Bill: Savers to receive mid-term benefits, but who will pay the price?
President Yoweri Museveni last week assented to the National Social Security Fund (NSSF) (Amendment) Bill, 2021,…
How standoff between Museveni and MTN over license fees, espionage ended in Ugandans owning 15% of biggest teleco
On March 14, 2019, President Yoweri Museveni met with officials of the MTN Group from the…
How FinTechs are disrupting Uganda’s financial services market
By Jimmy Ebong The Fintech industry is growing fast around the world including Uganda. Investments in…
How Brexit, US-China tariff war debunked myth that Africa is a risky place to do business
In 2018, during a week-long trip to several African countries, then Prime Minister of the United…
UK government eyes financing Uganda’s car making industry
UK Trade Envoy to Uganda Lord Dollar Popat on Monday November 15 met Dr Monica Musenero,…
How penetrating Middle East market could change Uganda’s export bill
The Government of Uganda in October launched a 6-month hunt for investors to pump $40 billion…
Kampala’s rapidly growing suburbs explain why businesses are closing shop
Over the last two years, Uganda’s capital city, Kampala is experiencing a transformation of its metropolitan…
The underlying milestones as Uganda, South Sudan waive entry visa requirements
BY PETER MWAYI October 1, 2021 marked a key milestone for trade partners South Sudan and…
A few concessions is all it took for Kenya, Uganda to bury looming trade hatchet
Since the 1970s and long into the early 1990s, Uganda was heavily dependent on its eastern…