News

The establishment of the Institute for Packaging Partners of Uganda by the Ministry of Trade, Industry and Cooperatives in collaboration with the packaging industry players is bringing hope in the …

Uganda Clays Limited is to invest in purchasing and installing new equipment following its below-par financial performance in the year ending December 2023, where its revenue declined by 17 per …

Beverage company, Coca-Cola Beverages Uganda (CCBU) has said its network of  Official Coca-Cola Distributors (OCCDs) is helping to ensure that its  products reach Ugandans efficiently in every corner of the …

Dar es Salaam Port which is Country’s Principal port says is now ready to handle ship as big as to over 305 meters. According to public notice from the Directorate …

The Uganda Revenue Authority (URA) has announced an ambitious target to collect Shs31.98 trillion in revenue for the 2024/25 financial year. The taxman says this attempt to mop the floor …

More than 31,000 artisanal gold miners in Uganda, with a huge percentage of them women, in collaboration with Planet Gold Uganda and Global Rights Alert, are working towards getting access …

Blaze Metals, a leading global metals player, has  announced its official certification as a member of the Responsible Jewelry Council (RJC), underscoring its commitment to ethical practices and sustainability within the …

The International Standards Organisation (ISO), a global organization that sets and promotes global standards of goods, services and how business should be done, has reaffirmed and approved of Airtel Uganda’s …

Warning against fraudulent and unlicensed financial schemes and operators The Capital Markets Authority (CMA) has, with great concern, noted an increase in the number of incidents relating to fraudulent operators …

According to data from the Uganda Bureau of Statistics (UBOS), petrol prices dropped by 0.2 percent compared to a 0.5 percent increase recorded in May 2024. This was revealed by …

Lil Pazo’s Enkudi might not be welcome on Uganda Airlines but there are more cabins and seats for local suppliers to fly the national carrier to the global skies. The …

Experts have stated that financial planning isn’t just about securing immediate needs; it’s about building a foundation for long-term stability and growth. The remarks were made during the launch of …

The Chief Executive Officer of the Insurance Regulatory Authority of Uganda, Alhaj Ibrahim Kaddunabbi Lubega has underscored the role of technology and innovation in ensuring resilience of the insurance sector in Uganda. “Resilience …

Joan Kaagaza, the Sector Head of Manufacturing at dfcu Bank As dfcu Bank celebrates 60 years of transforming lives and businesses in Uganda, the bank’s commitment to creating a positive impact remains …

UNBS seizes underweight sugar and bread, traders to undergo prosecution The Uganda National Bureau of Standards (UNBS) has seized 700 bags of underweight sugar from V.G Keshwala and Sons Limited …

The African Continental Free Trade Area (AfCFTA), which came into force in 2021, has also provided a broader framework within which EAC member states are operating. The alignment of EAC …

State Minister of Industry David Bahati met with a delegation of Chinese investors, encouraging them to establish factories in Uganda by highlighting the country’s conducive investment conditions. The minister detailed …

The Deposit Protection Fund of Uganda has announced that it has started paying the depositors of Mercantile Credit Bank which was closed by Bank of Uganda last week. DPF CEO, Dr. …

The African Continental Free Trade Area (AfCFTA), which came into force in 2021, has also provided a broader framework within which EAC member states are operating. The alignment of EAC …

Uganda has emerged as the premier destination for Foreign Direct Investments (FDI) within the East African Community, according to the 2024 World Investment Report by the United Nations Conference on …

KAMPALA – Monday, June 24th, 2024: An article titled “Fight over Total’s $4b oil works inside Murchison National Park,” published in the Daily Monitor on Friday, June 21, 2024 has been brought to the attention …

The new Board, chaired by Prof. Pamela K. Mbabazi, comprises five members who bring extensive expertise in economic planning and development. Speaking at the function ,Lugoloobi emphasized the critical role …

UAP Old Mutual Insurance has announced the introduction of monthly payments for comprehensive car insurance as one of the ways to drive insurance uptake in the country. Nancy Ashaba, the …

The Uganda Civil Aviation Authority (UCAA) and locals living near Entebbe International Airport met this week and discussed the partnership on to control bird hazards that may lead to aircraft …

In August last year, Uganda Tourism Board (UTB) resumed a nationwide grading and classification exercise of all accommodation facilities across the country which include hotels, lodges, guest houses, tented camps, …

Leading multi-category app, Glovo has successfully concluded its three day courier program, a series of events focused on the growth, development, and recognition of its couriers. The initiative, themed ‘Courier …

What you need to know: The Memorandum of Understanding was signed between Uganda and the Sharjah Chamber of Commerce led by their Chairman, Abdallah Sultan Al Owais. Construction of Kidepo …

The Petroleum Authority of Uganda has advised dealers Kikuube Kistrict and across Bunyoro to register their companies with the national supply data base to benefit from oil and gas opportunities. …

Hellen Musubika, the Housing Finance Bank (HFB) Uganda manager for Diaspora and High Net Worth, has said that the economy continues to post impressive growth, guaranteeing investors a return on …

MTN is collaborating with the Ministry of ICT & National Guidance, the National ICT Innovation Hub, Centenary Technology Services, Refactory, MUBS Entrepreneurship Innovation and Incubation Centre, and Engage Consult. This three-year initiative, …

Great news for Ugandan travelers! Uganda Airlines is gearing up to launch direct flights to London, significantly boosting connectivity between Uganda and the UK. This exciting development promises to enhance …

The Permanent Secretary at the Ministry of Finance, Mr Ramathan Ggoobi, has outlined strategies on how the government intends to support producers and service providers who engage in exporting. Mr …

The Uganda National Bureau of Standards (UNBS) has urged all supermarket owners to ensure their outlets stock only certified locally manufactured commodities and inspected imported commodities. This initiative aims to …

The former executive director of Mulago national referral hospital Dr Byarugaba Baterana Bonaventura has been remanded to Luzira prison on charges of abuse of office by the Anti-Corruption court. Baterana …

A total of  20 UPDF  Marine Brigade trainees who were undergoing a six-month basic sailing and maintenance of modular ferry course from the Uganda National Roads Authority (UNRA) have been  …

The Minister of State for Agriculture, Fred Bwino Kyakulaga, has stated that the country’s vanilla industry has grown, with export revenue rising from 4.1 MT (US$ 4.47 million) in 2019 …

How Public Offers Can Fuel Business Growth The Third National Development Plan rightly observes that limited access to and high cost of capital are constraints to the growth of enterprises …

Recognizing the transformative potential of data, the Ugandan government, led by the Ministry of Information and Communications Technology and National Guidance (MoICT & NG), embarked on developing a National Data …

Collective Investment Schemes as Passive Investment Products for Wealth Creation. We all know the troubles that come with actively managing a business as an investment. As an owner operator, many …

An explosive meeting at State House drew tears on Wednesday afternoon as President Museveni grilled Uganda Investment Authority (UIA) bosses and officials from finance and investment ministries over a controversial …

The car import business in Uganda is a multi-million dollar industry. In recent years, the revenue generated from taxes and duties on imported vehicles has consistently bolstered the national budget. …

The US government has sued software giant Adobe, accusing it of violating consumer protection laws with “hidden” termination fees and a convoluted cancellation process. The Federal Trade Commission (FTC) said …

FlexiPay, Stanbic Bank’s digital payment platform, has partnered with International Fund for Agricultural Development (IFAD) and Upesi Money Transfer, a regional payments company, to enable FlexiPay users to send, receive …

Cargo heading to South Sudan is piling up at the Port of Mombasa due to a dispute over a new mandatory tax. This is after Kenya customs agents rejected the …

Busia | June 2024. Busia produce dealers have shunned the  shs25.4-billion government market, saying the design and plan of the facility does not suit their businesses. This has left 333 …

Uganda | June 2024 | UDB In a significant move to bolster economic growth and support Ugandans in wealth creation, Finance Minister Matia Kasaija announced that government will capitalize the …

Uganda has a trade surplus with the Democratic Republic of Congo (DRC) amounting to $53.07 million (Shs208.9 billion), according to the latest figures presented by Ugandan Ambassador Alhaji Farid Mansoor …

President Museveni (L) arrives at Kololo with the First Lady, Janet Museveni. Following them is the Speaker, Anita Among and he deputy Thomas Tayebwa President Yoweri Museveni has stated that …

The Uganda Registration Services Bureau (URSB) has announced that previously deregistered companies following failure to file annual returns now have the opportunity to be restored. Last year, URSB removed at …

ENTEBBE |  June | The Uganda Civil Aviation Authority (CAA) is testing Entebbe International Airport for passenger aircraft emergency readiness. In a statement, CAA head of public affairs and communication …