News

For many Ugandans, the thought of beer conjures warm memories, cheers with friends, or a cold drink at the end of a long day. However, they will in the coming …

Starting next year, coffee farmers in Uganda will be able to directly sell their coffee internationally, following an announcement by the Uganda Coffee Development Authority (UCDA). This significant shift comes …

The Executive Director of the PPDA, Canon Benson Turamye, joined other heads of anti-corruption agencies today (11/06/2024) for the 3rd Virtual National Students Anti-Corruption Challenge awards ceremony, which he hosted …

The Petroleum Authority of Uganda (PAU) joins Bunyoro-Kitara Kingdom to celebrate the 30th anniversary of the coronation of His Royal Majesty Dr Solomon Gafabusa Iguru I, the Omukama. The Authority recognises …

Mr Ernest Rubondo, the Executive Director of the Petroleum Authority of Uganda, has commended SLB (formerly known as Schlumberger) for its efforts in advancing women in Science and Technology. This …

Ecobank Group has  officially opened call for applications to the seven edition of its Fintech Challenge. This annual competition invites early-stage and mature fintech startups to partner with Ecobank, offering …

The Commissioner General of Uganda Revenue Authority (URA), John Musinguzi has come to the defense of the Electronic Fiscal Receipting and Invoicing System (EFRIS), stating that Uganda has been experiencing …

In Uganda, the push towards a cashless economy began with the realization that the majority of the population did not have access to formal banking services. Many people in rural …

Uganda’s dependence on borrowing is deeply rooted in a long history of financial mismanagement, corruption, and lack of sustainable development strategies. The country’s economy has been struggling for years, with …

Civil Society Organizations have expressed concern over glaring gaps in the newly passed budget shs72.136 trillion . The Finance Minister will later this week read the new budget to the …

Like an adage goes, “a clay pot sitting in the sun will always be a clay pot. It must go through the white heat of the furnace to become porcelain.” …

The media plays a crucial role in ensuring that Uganda’s oil and gas resources are managed in the best way possible. The best way being that these resources create value …

Kenya | Transport News | June 2024 Norfund, a Norwegian investment fund, has pledged to inject US$ 307 million towards a number of e-mobility projects in Kenya, in support of …

Global Shipping Route Changes Amid Houthi Rebel Attacks Following the Houthi rebel attacks against commercial shipping in the Bab al-Mandab Strait that started in December 2023, all major container shipping lines have suspended …

DHL, a global leader in the logistics industry in collaboration with Absa Bank Uganda under the 2024 ‘Growing Beyond Borders’ Entrepreneurial Training Programme have trained over 200 SME’s in Jinja …

  The 15 entrepreneurs from Youth Startup Academy (YSA) Uganda took full advantage of GITEX Africa 2024, and some left with new international partnerships. New partnerships with global partners Energized …

Matia Kasaija (L), together with the Korean Minister of Foreign Affairs, Cho Tae-yul after signing the deal Ugandan Minister of Finance,  Matia Kasaija, together with the Korean Minister of Foreign Affairs, …

Ugandan transportation took a step towards a greener future with the launch of the 2024 Kayoola EVS, an electric bus by Kiira Motors Corporation. The new Kiira buses that were …

Increasing participation of youth, women and PWDs in public procurement through reservation schemes  Procurement of goods, services and works by government is a key policy tool that governments world over …

Uganda Revenue Authority (URA) and the Uganda Manufacturers Association (UMA) have teamed up and started sensitizing manufacturers about the Electronic Fiscal Receipting and Invoicing Solution system (EFRIS). The sensitisation drive …

As the cost of living in the nation increases, characterized by rising prices of goods and services, many Ugandans with smartphones have fallen prey to numerous moneylending apps advertised on …

Construction works for the Namagumba – Budadiri – Nalugugu road (39 km) were officially launched on 5th June 2024, by the Prime Minister of Uganda, Right Honourable. Robinah Nabbanja at Budadiri …

The government has embarked on an ambitious plan to transform Kisumu Port into a cruise ship hub as efforts to revamp lake transport gain momentum. The plan is expected to …

Africa’s multi-lateral lender, African Development Bank Group, will boost its financing capacity by over 70 billion USD as it unveils a new 10-year strategy. The ambitious strategy for 2024–2033 is …

South Africa | June | 2024. Woolworths and DP World launched the first trailer in Africa with Thermo King AxlePower system enabling 100% electric refrigeration and expect to save 27 …

In summary Up to 40% of food is lost between farms and markets in Sub-Saharan Africa, with two-thirds of this in the first mile Driving efficiency in cold chain and …

In 2003, the government enacted the PPDA Act as the principal law for guiding and regulating public procurement and public assets disposal in Uganda. The Act came into force on 21st February, 2003 and …

The local unit was relatively weak during the week, with dollar demand from offshore investors, energy and manufacturing firms outstripping existing supply from commodity exporters and remittance firms. The local …

Ugandans hoping to live under their own roof and end renting have a new opportunity to do so with 100% financing from Stanbic Bank, courtesy of a new lending campaign …

Kamwokya-based FutureLink Technologies last week launched the first-ever Sacco Industry Dashboard and Credit Score in Uganda. The automated dashboard enables a Sacco or microfinance Institution to perfect its growth strategies …

The  Kampala Capital City Authority (KCCA) has launched the Kampala  Smart City Village Ambassadors Forum, an initiative designed to aid the transformation Kampala into a modern, efficient metropolis. Themed “Promoting the …

The safe, secure, and sustainable development of Uganda’s aviation sector will be supported by a new capacity development and implementation agreement with the International Civil Aviation Organization (ICAO). The signing ceremony …

DRC | May | 2024 Faced with rapid population growth and inadequate development, DRC is grappling with critical transport infrastructure challenges especially in the capital Kinshasha. The current transportation system …

Uganda Development Bank (UDB), the country’s national Development Finance Institution, was on Wednesday named the Regional Bank of the Year – East Africa at the Annual African Banker Awards. Now …

Her work then as the events manager at Vision Group and her meticulous attention to detail put JOWERIA NABUUMA at the frontline of events management in Uganda. When you mention …

The State Minister of Finance for Investment and Privatization, Hon Evelyn Anite, accompanied by the Uganda Investment Board Chairman Morrison Rwakakamba have flagged off over 10,000 locally handcrafted products for …

Prime Minister Rt Hon Robinah Nabbanja has issued a stern directive to utility service providers, urging them to expedite the relocation of service lines to ensure the timely completion of …

Tanzania’s trade with India has grown at a very impressive pace, growing over 20% during the fiscal year. The East African country is inching closer to becoming India’s largest trading …

FILE PHOTO: Kenya’s President William Ruto talks during a Reuters interview on the sidelines of the IDA for Africa Heads of State Summit at the Kenyatta International Conference Centre (KICC) …

MTN Uganda has launched a secondary market sale of up to 1,574,807,373 ordinary shares, starting on May 27, 2024, and concluding on June 10, 2024. Managed by SBG Securities Uganda …

Bank of Uganda (BOU) has allayed fears that some banks in the country are at risk of failing due to the recent tightening of regulatory requirements, saying that currently, all …

The Uganda Revenue Authority (URA) has waived penalties related to the electronic fiscal receipting and invoicing solution (EFRIS). This system, designed to ensure all business transactions are recorded and reported …

BANKING | The newly elected chairperson of Uganda Bankers’ Association (UBA), Mr Julius Kakeeto, says e-Fraud is one of the major challenges in the banking sector that he believes is …

Experts urge authorities to unlock financial and regulatory opportunities to drive growth Dar es Salaam, Tanzania Uganda and Tanzania’s public and private sectors must address gaps in mining activities to …

French oil company, TotalEnergies EP Uganda has reaffirmed its commitment  to creating more opportunities for young people in Uganda to continue making meaningful contributions in their communities. The commitment was made …

WASHINGTON, May 24 – The U.S. and Kenya will hold a new round of trade talks next month, they said on Friday, as the two countries tout new business deals …

TotalEnergies EP Uganda Reinforces its Commitment to Young People in Uganda Kampala, May 24, 2024 – TotalEnergies EP Uganda has today reinforced its commitment to creating more opportunities for young people …

Construction of Hoima City stadium is expected to start after Parliament approved the required Shs152 billion, part of the Shs288.6 billion Supplementary Budget Schedule No.03 on Thursday, 16 May 2024. …

From the shiny cars lining up at the dealership to the countless goodies stacked on supermarket shelves, and even the packages delivered right to our doorsteps, logistics is the invisible …

The Uganda Investment Authority (UIA) has launched its Domestic Investment Division (DID), a special-purpose vehicle for promoting and deepening domestic investments in Uganda. UIA, which has been perfecting the DID …