News

Kampala | Uganda  | September 2024. The start of commercial crude oil production in Uganda is expected to propel economic growth into double digits in the next financial year, the International …

After nearly a decade of back and forth negotiations, the Chinese government has finally agreed to pay for the overhaul of the 1800 kilometre single-track Tanzania-Zambia railway (TAZARA) line. No …

A new private company will be incorporated in Uganda to refine graphite for use in electric batteries, Blencowe Resources, the developer of the Orom Cross graphite project in the northern …

The Uganda Electricity Distribution Company Limited (UEDCL) has officially applied to the Electricity Regulatory Authority (ERA) for two different licenses that Umeme Ltd held, taking government a step closer to …

STATEMENT FROM THE CHAIRPERSON, PPDA BOARD OF DIRECTORS The Public Procurement and Disposal of Public Assets Authority, (PPDA), was set up following the enactment of the Public Procurement and Disposal …

The government of Tanzania through the Tanzania Port Authority (TPA) will build a new and modern pier with a length of 500 meters in its mother port of Dar es …

KPA has acquired an additional four Rubber Tyred Gantry Cranes (RTGs) worth USD 8.5 million in the ongoing equipment upgrading and modernization programme. The four cranes built on advanced technology …

The Minister of Gender, Labour, and Social Development Betty Amongi has appointed a new Board of Directors for the National Social Security Fund (NSSF) for a 3-year term effective September …

Astral Aviation delivered 14 tonnes of emergency supplies for MPox response in DR Congo, in collaboration with World Health Organisation (WHO) and Kuehne+Nagel. “The medical supplies and equipment will cater …

Uganda’s drive to harness its abundant renewable energy resources took center stage at the Wuxi conference in China, where Minister Evelyn Anite engaged high-profile Chinese energy firms. Anite outlined Uganda’s …

Dr. Kiyonga (pictured) shortly before the interview. He says his focus will be on strenthening Makerere University further The newly appointed Chancellor of Makerere University, Dr. Chrispus Kiyonga, will focus …

The East African Breweries Limited (EABL) has offered to fully own Uganda Breweries Limited (UBL) by purchasing the latter’s remaining shares of 2,177,995 ordinary shares or 1.81 percent. EABL already owns …

Companies currently supplying the country with number plates have broken their silence about the current shortage. A shortage of number plates hit the motor vehicle industry hurting, mostly dealers and …

The Ministry of Energy has announced that the newly established FARAD Electrical Solutions Assembling Company will significantly reduce the cost of importing electricity meters while creating substantial job opportunities for …

Hajji Bashir Juma Kizito, the Deputy Chief Executive Officer of the Buganda Land Board, has emphasised the need for due diligence in managing land transactions. “It is important for a buyer to …

Seven small businesses will receive seed funding of about $20,000 each from Hi-Innovator, a program jointly run by the National Social Security Fund (NSSF) together with the Mastercard Foundation. The …

The government is banking on Digital Tax Stamps(DTS) to plug revenue leakages and increase tax collections, Ramathan Ggoobi, the Permanent Secretary at the Ministry of Finance and Economic Planning, has …

Uganda’s manufacturing sector has recorded impressive growth, with its output skyrocketing to $7.4 billion (about Shs27.63 trillion), a dramatic leap from just $16.6 million in 1992. This growth underscores the …

Kampala Uganda | National News. A recent conference on tax incentives, tax policies, and tax administration for Ugandan investors highlighted significant challenges facing local entrepreneurs despite achieving a 14 percent …

Kampala Uganda | “We shall not open today,” the notice said in a shouting typeface whose intention stuck out like a sore thumb. The notice was pasted at the entrance …

Global schedule reliability dropped by -2.1 percentage points M/M to 52.1 percent in July. “Schedule reliability in July is almost at the same level as it was at the start …

Simba Cement  has said it is banking on the newly launched clinker plant in West Pokot, Kenya, to reduce production costs for cement in Uganda. In April, President William Ruto …

We get it, the warehouse is not just a place to store Items anymore. It is a hub of high-tech activity, where robots and computers outnumber humans. While this tech …

Minister Ruth Nankabirwa, the minister of Energy and Mineral Development, used her second media briefing of the year to raise hope about the progress in Uganda’s oil and gas industry, …

Online shopping has revolutionized the retail industry, offering consumers unprecedented convenience and a wide variety of products at their fingertips. With just a few clicks, shoppers can order everything from …

The High court in Kampala has advised Geraldine Ssali Busuulwa, the former permanent secretary in the ministry of Trade, and her five co-accused to consider a plea bargain in their …

The Financial Intelligence Authority (FIA), the government body responsible for combating money laundering and financing of terrorism activities, has come up with a strategy aimed at ensuring that Uganda is …

Government has through the Public Procurement and Disposal of Public Assets Authority (PPDA) issued a directive to all its ministries, agencies and departments to only procure grains from certified suppliers. Addressing …

The 1.59 million TEU capacity contracted so far in 2024 is the third highest since 2008, only exceeded by the first seven months of 2021 and 2022. “In combination with …

The state minister for economic monitoring Beatrice Akello  has applauded the operationalization of both the Nairobi and Naivasha ICDs, which have greatly boosted transit trade along the Northern Corridor due to improved efficiency …

State Minister of Finance for Investment and Privatization, Evelyn Anite, has said that Uganda is now targeting the Egyptian and United Arab Emirates (UAE) markets for its beef exports, highlighting …

The Ministry of Energy and Mineral Development reports that all critical infrastructure required for the commercialization of Uganda’s Oil and Gas sector is nearing completion. Regarding the refinery project, Energy …

Exporters and stakeholders in Uganda’s organic agriculture sector have voiced concerns over new European Union (EU) regulations that they say could significantly increase the cost of doing business. The regulations, …

The June 2024 U.S. inventory data, released by the Census Bureau, shows that retailers have been growing inventories, which further supports the notion that the strong growth in container imports …

As Uganda’s oil and gas sector enters a critical development phase, particularly in the upstream and midstream operations, the Insurance Consortium on Oil and Gas Uganda (ICOGU) has announced a …

The Heavy Goods Vehicle (HGV) drivers Training and Licensing Program has been concluded by CNOOC Uganda Limited. As part of the program, 110 drivers received professional training, certification, and licensing …

KAMPALA | The Ministry of Energy and Mineral Development has noted significant strides in Uganda’s oil and gas sector, with investments nearing $20 billion (about Shs74 trillion). Energy minister Ruth …

The Ugandan economy continues to show signs of improvement, as highlighted by high-frequency indicators in the Treasury’s July 2024 economic performance report. Business executives remain positive and optimistic about the …

KAMPALA | The Bank of Uganda (BOU) projects that the Shilling will continue to appreciate against the US Dollar, driven by strong coffee prices and capital inflows from the burgeoning …

The Final Investment Decision (FID) for the East African Crude oil project is expected before the end of September 2024 according to Energy Minister, Ruth Nankabirwa. Three billion dollars in …

The Director General of Uganda Civil Aviation Authority (UCAA), Mr Fred Bamwesigye, has revealed that Entebbe Airport recorded 1,069,224 international passengers in the first half of 2024. Addressing journalists on …

Uganda is exploring for oil in two new regions where potential discoveries of crude could increase the East African country’s proven reserves of 6.5 billion barrels, its energy minister said …

The Management of Uganda Civil Aviation Authority (UCAA), on August 20,2024, revealed that it has registered positive progress as phase one of the upgrade and expansion of Entebbe International Airport nears completion …

KAMPALA, UGANDA – The 2024 MTN Uganda Suppliers’ Forum was a resounding success, showcasing the power of collaboration and innovation in driving business success. The event culminated in the presentation …

Noatum Maritime, a Spanish multinational, is acquiring a controlling stake in the Egyptian maritime agency Safina to expand its presence in Egypt’s maritime market and the entire Middle East region. …

In acquiring Norway’s SN Power, which owns a stake in the Bujagali Hydropower Project, TotalEnergies has moved one step closer to completing its transition from being just an oil and …

Uganda’s coffee exports have reached unprecedented levels, marking a significant boost to the nation’s economy and offering a promising future for its farmers. In July 2024, Uganda exported an astounding …

The Ugandan government has petitioned Parliament to exempt eight companies and individuals from paying taxes amounting to Shs13.391 billion, citing challenges such as the impact of the Covid-19 pandemic and …

Energy experts are forecasting an increase in Brent crude oil spot prices, predicting a rise from the current level of below $80 per barrel to an average of $85 per …

The discovery of commercial oil and gas reserves in Uganda’s pristine Albertine graben presents an opportunity and a challenge. This ecologically-rich region boasts a number of protected areas in Uganda, …